Bitcoin (BTC) is trading at $76,350, which is above several key investors’ cost-basis levels. The one-to-three-month holder average sits at $75,620, placing a large share of recent buyers near breakeven, while the price sits just below the US spot exchange-traded fund (ETF) cost basis of $76,700. 

The short-term holder (STH) cost basis and the adjusted realized price extend on either side of this range, increasing the importance of the $75,000 level as a near-term support pivot. 

BTC cost basis cluster tightens near $75,000

The one-to three-month holder cohorts share an average cost basis of $75,620. That level capped the price earlier in March when BTC fell to $62,000 from $75,600 in two weeks, but now it aligns as a potential support pivot.

BTC realized price excluding more than a seven-year supply. Source: CryptoQuant

Bitcoin has also closed above the adjusted realized price at $72,300. This metric tracks the average acquisition cost of circulating supply, excluding coins held for more than seven years. A move above it places a large share of investors above the break-even level. 

Crypto analyst Darkfost noted that a weekly close above the adjusted realized price on April 19 signaled stronger long-term investor conviction in Bitcoin. The analyst added, 

“A truly bullish signal would be for Bitcoin to start building a standard deviation above this average cost basis, pushing more investors into profit and encouraging them to hold due to increased conviction.”

US spot ETF positioning adds an institutional cost basis level. The weighted average cost basis of US spot Bitcoin ETFs sits near $76,700, placing the price close to a key area of recent institutional accumulation. The short-term holder’s cost basis is near $81,800, a level at which investors could build more conviction if the price holds above it. 

Bitcoin cost basis for STH, US ETF, and LTH. Source: CryptoQuant

Together, these overlapping cost bases compress around $75,000, concentrating both realized and unrealized positioning in a narrow price range. This clustering increases price sensitivity to flows near this level, making it a key support zone.

Related: Bitcoin eyes $75K after ‘most hawkish’ FOMC as oil hits highest since 2022

BTC liquidity bands outline the near-term range

With the support level established at $75,000, the derivatives data outlines a tight liquidity corridor. Cumulative long liquidation risk nears $74,000, with roughly $2.69 billion at risk, while short liquidations near $80,000 total about $4.48 billion. 

Bitcoin exchange liquidation map. Source: CoinGlass

A recent swing between $77,873 and $74,868 on Wednesday cleared $494 million in positions, including $347 million in longs.

Crypto analyst CW said the high-leverage longs have been reduced, while a larger pool of short liquidations sits above $80,000. The $74,000 to $80,000 band continues to anchor positioning, with both sides clustering around key cost-basis levels.

Related: Most crypto investors believe Bitcoin is undervalued: Coinbase survey

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Digital asset adoption in Latin America is evolving, with more users now converting funds into stablecoins than into Bitcoin — a shift that reflects growing pressure from local economic conditions.

According to Bitso’s 2025 report on crypto adoption in Latin America, 40% of crypto purchases in 2025 were US dollar-linked stablecoins such as Tether’s USDt (USDT) and Circle’s USDC (USDC), while Bitcoin (BTC) accounted for 18%. The report marks the first time stablecoin purchases have surpassed Bitcoin in the region.

The findings are based on data from Bitso’s nearly 10 million retail users across its exchange platform.

The trend reflects a broader move toward what the Latin American crypto exchange described as “digital dollarization.” In countries facing persistent inflation, currency depreciation and limited access to traditional banking, stablecoins offer a relatively accessible way to store value and transact in US dollar equivalents.

While the US dollar itself is not immune to inflation, it tends to depreciate more slowly than many local currencies and remains the world’s dominant medium of exchange, making it an attractive benchmark for users seeking stability.

The most purchased assets in 2025 across Latin America. Source: Bitso

The global stablecoin market has grown to roughly $320 billion, with adoption expanding across both developed and emerging economies. Their Latin American regional appeal is particularly practical: users rely on stablecoins for preserving savings, making payments and sending cross-border remittances.

Use of home-grown stablecoins is benefiting from the expansion. Brazilian retail giant Mercado Libre in early April launched a cross-border remittance product using the Meli dollar stablecoin for users in Brazil, Mexico and Chile, Cointelegraph Brasil reported. That came after the retailer discontinued issuing its own stablecoin, Mercado Coin, earlier this year.

Related: Visa adds Polygon, Base support as stablecoin settlement run rate hits $7B

Bitcoin remains dominant as a store of value

While Bitcoin purchases have declined as a share of total activity, the Bitso report shows the asset still plays a central role as a long-term savings vehicle in Latin America.

“Bitcoin continues to function as Latin America’s primary long-term digital store of value,” the report said, noting that the cryptocurrency is held in 52% of crypto portfolios across the region in 2025. That’s down only slightly from 53% the previous year. 

Bitcoin has long been viewed as a store of value, despite periods of volatility and uneven performance compared with previous market cycles. The asset rose above $126,000 in October before pulling back sharply, with prices later trading in the low $60,000 range.

Recent research by index maker MarketVector reframes the store-of-value narrative beyond price performance alone, arguing that Bitcoin and gold share core traits, including scarcity, decentralization and resistance to supply expansion, that underpin their long-term value.

A comparison of Bitcoin’s price performance, volatility and drawdowns since inception. Source: MarketVector Indexes

Related: Did Bitcoin bottom versus gold? BTC price will reach $167K in 2027 if history repeats

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Latin America’s crypto adoption path is pivoting toward stablecoins in 2025, reflecting how local conditions—high inflation, currency depreciation, and uneven access to traditional banking—shape user behavior. Bitso’s 2025 crypto adoption report, drawn from nearly 10 million retail users on its exchange, shows stablecoins accounted for 40% of crypto purchases that year, while Bitcoin represented 18%. The shift marks the first time stablecoins outpaced Bitcoin in the region’s purchase mix.

The findings illuminate what Bitso calls a movement toward “digital dollarization.” In economies where local currencies struggle to preserve value, stablecoins pegged to the U.S. dollar offer a comparatively accessible way to store value and transact in dollar equivalents. As global payment rails expand, stablecoins appear increasingly practical for everyday savings, payments, and cross-border remittances across Latin America.

Key takeaways

• Stablecoins dominated Latin American crypto purchases in 2025 at 40%, versus 18% for Bitcoin.
• Bitcoin remains a core long-term store of value, present in 52% of regional crypto portfolios in 2025, a slight dip from 53% the prior year.
• The region’s stablecoin momentum feeds into a broader global trend, with the sector near $320 billion in market capitalization and growing use as a financial tool beyond investing.
• Local use-cases are expanding, notably Mercado Libre’s cross-border remittance product using the Meli dollar stablecoin for Brazil, Mexico and Chile, following the earlier discontinuation of its Mercado Coin offering.

Stablecoins reshape Latin American on-ramps

Bitso’s data underscore a practical shift in how individuals interact with crypto: stablecoins are increasingly used as a first point of entry and a medium of daily value transfer. In economies facing persistent inflation and currency volatility, stablecoins provide a more predictable unit of account than many local currencies, alongside faster settlement and lower friction for cross-border payments.

Beyond on-ramps, stablecoins are gaining traction as a component of regional financial infrastructure. The Bitso study situates stablecoins not merely as speculative assets but as tools that empower savers and small businesses to navigate volatility, access dollar-denominated payment rails, and send remittances with lower costs than traditional channels.

Bitcoin endures as a regional store of value

While the share of crypto activity tied to Bitcoin has declined slightly as stablecoins gain ground, the asset continues to anchor Latin American portfolios. The Bitso report notes that Bitcoin remains the primary long-term digital store of value, held in 52% of crypto portfolios in 2025, down marginally from 53% in 2024.

Industry observers have long framed Bitcoin as a scarce, decentralized store of value akin to gold. New analyses, including research from MarketVector, broaden that lens by highlighting common traits—scarcity, decentralization, and resistance to supply expansion—that underpin Bitcoin’s narrative as a durable store of value, even amid price volatility.

Local innovations push adoption forward

Regional deployments illustrate how stablecoins are moving beyond speculation toward practical use cases. In early April, Mercado Libre reported the launch of a cross-border remittance product using its Meli dollar stablecoin for users in Brazil, Mexico and Chile. The rollout followed the company’s earlier decision to discontinue issuing its own stablecoin, Mercado Coin, earlier this year. The move signals a shift toward dollar-linked digital currencies as a backbone for cross-border commerce within Latin America.

These developments sit within a broader ecosystem trend: the global stablecoin market has grown to roughly $320 billion, with adoption expanding across both developed and emerging economies. The Latin American experience demonstrates how stablecoins can function as a bridging technology—supporting savings, domestic payments, and regional remittances in an increasingly interconnected digital economy.

Broader market backdrop and policy signals

The Latin American story unfolds against a global backdrop where stablecoins are increasingly integrated into payments and settlement rails. For example, larger payment networks have begun to explore or implement stablecoin settlements, a trend that could accelerate liquidity and adoption in regions with imperfect traditional banking access. In related Asia-Pacific and European developments, industry participants emphasize that stablecoins offer efficiency gains for merchants and users alike, while regulators weigh consumer protections and systemic risk considerations.

US dollar dynamics also matter in this narrative. While the dollar itself faces inflationary headwinds, it historically retains greater stability relative to many local currencies, reinforcing the appeal of dollar-pegged digital assets for regional users seeking to preserve purchasing power.

What comes next for Latin America’s crypto landscape

Looking ahead, readers should watch how LATAM regulators balance innovation with safeguards as stablecoins scale in everyday use. The region’s mix of high inflation in some economies, ongoing currency depreciation, and evolving fintech ecosystems creates both opportunity and risk for stablecoins, Bitcoin, and related services. Investor and user interest may hinge on liquidity, on-ramps for new users, and the development of compliant custody and payment rails that can support cross-border activity at scale.

As Bitso’s findings illustrate, stablecoins have moved from niche instruments to practical components of everyday financial life in Latin America. The coming year will reveal whether this digital dollarization trend broadens beyond pockets of inflationary stress to become a pervasive feature of the region’s financial infrastructure.

A U.S. Senate that’s struggled to move crypto market structure legislation moved like lightning on Thursday to ban themselves from participating in prediction markets.

Acting on a simple, 14-line resolution pushed by Ohio Republican Senator Bernie Moreno, the Senate agreed unanimously to put a restriction between members and the increasingly popular, controversial betting platforms that have drawn scrutiny over insider-trading activity and fights over who has regulatory jurisdiction.

“United States Senators have no business engaging in speculative activities like prediction markets while collecting a taxpayer-funded paycheck, period,” said Senator Moreno in a Thursday statement. “Serving in Congress should never be about finding new ways to profit; it should be about delivering results for the American people.”

Effective immediately, the change to Senate rules now holds that senators can’t enter “an agreement, contract, or transaction that provides for any purchase, sale, payment, or delivery that is dependent on the occurrence, nonoccurrence, or the extent of the occurrence of a specific event.”

Political betting has surged in popularity, and some candidates for office have already been penalized for wagering on their own races.

One of the leading platforms, Polymarket, posted on social media site X that the company is in “full support” of the Senate’s action. Polymarket, which isn’t supposed to operate in the U.S. after a 2022 agreement with the CFTC, noted that its user rules “already prohibit such conduct, but codifying this into law is a step forward for the industry.”

Betting on Polymarket currently gives Democrats even odds that they’ll reclaim the Senate majority in the November elections. Democrats have generally been more critical and suspicious of the fast-growing industry.

Key Highlights

• AAPL demonstrates 17% revenue increase, though shares decline in extended trading
• Quarterly performance surpasses Wall Street projections on both earnings and sales
• Company unveils $100B share repurchase initiative alongside robust services performance
• iPhone sales maintain momentum while market response remains cautious post-announcement
• Solid Q2 performance meets mixed investor sentiment in after-hours session

Apple Inc. (AAPL) shares climbed following the tech giant’s impressive quarterly performance, though momentum cooled during extended trading hours after initial gains. The Cupertino-based company delivered robust financial results powered by sustained iPhone sales and expanding services offerings. Nonetheless, certain segment shortfalls and ongoing supply challenges tempered enthusiasm in after-market activity.AAPL shares concluded regular trading at $271.35, registering a 0.44% increase following the earnings announcement.

Apple Inc., AAPL

Quarterly Financial Performance Shows Robust Top-Line Expansion

Apple disclosed quarterly sales totaling $111.2 billion, representing a 17% year-over-year improvement. The technology leader posted earnings per share of $2.01, surpassing consensus estimates from analysts. Sustained consumer appetite for iPhone products underpinned overall results, even as certain product categories delivered mixed outcomes.

iPhone division generated $56.99 billion in revenue, falling marginally short of projections while still demonstrating healthy annual expansion. Both Mac and iPad product lines outperformed expectations, providing diversified revenue contributions. The services division continued reinforcing the company’s subscription-based income foundation.

Services segment revenue climbed to $30.97 billion, showcasing consistent growth from subscription offerings and digital content. Gross profit margin expanded to 49.3%, signaling enhanced operational efficiency. The company sustained earnings momentum despite persistent global supply chain complexities.

Expanding Services Division and Capital Allocation Strategy Bolster Position

Apple’s services business unit posted consistent advancement, fueled by increasing subscriber adoption across multiple digital platforms. The corporation strengthened its ecosystem spanning payment solutions, cloud infrastructure, and media entertainment services. Consequently, the services segment generated higher-margin revenue contributions.

Management authorized a fresh $100 billion stock buyback initiative designed to maximize shareholder value. The company simultaneously raised its quarterly dividend to 27 cents per share, reinforcing its commitment to returning capital. These measures bolstered investor sentiment in the wake of earnings disclosure.

Research and development expenditures surged substantially, demonstrating ongoing commitment to emerging technologies and innovation. R&D costs jumped 33% compared to the prior year, totaling $11.42 billion. The company remains focused on advancing artificial intelligence capabilities and next-generation product development.

Regional Performance, Supply Dynamics, and Executive Succession Frame Future Direction

Apple achieved notable expansion in Greater China, generating $20.49 billion in regional revenue. This outcome surpassed market forecasts and illustrated strengthening demand in key territories. The organization benefited from sustained premium device positioning across international markets.

Worldwide memory component shortages stemming from AI data center infrastructure buildout created manufacturing constraints for hardware divisions. Elevated memory pricing pressured margins throughout the broader technology industry. Apple successfully preserved profitability despite these headwinds.

Executive leadership succession planning introduced additional strategic considerations for investors. Tim Cook announced his planned September departure, with John Ternus designated as his replacement. The company continues advancing its artificial intelligence roadmap through strategic collaborations and product innovation initiatives.

 

Key Insights

• Dogecoin has solid support at $0.095 amid increased whale accumulation.
• Open interest in futures contracts surges to $1.37 billion.
• A breakout above $0.1018 may lead to gains up to $0.1172.

Dogecoin Firm Above Crucial Support Zone

Dogecoin keeps pushing above the important resistance level at $0.095 after experiencing significant corrective moves to the downside over the past weeks. The meme coin, which has corrected about 60% off its October price high, is demonstrating some signs of stabilization.

In terms of price movement, the digital asset has been quite flat over the last few days, implying that traders might be waiting for a breakout on either side. In particular, the coin is above its crucial 50-day exponential moving average near $0.0958.

$0.10 Resistance Becomes Dominant Obstacle

The immediate obstacle for Dogecoin is found at the psychologically important $0.10 area. The area is buttressed by a downtrend line traced from earlier highs in January and April, rendering it as an essential resistance level.

The momentum oscillators are starting to favor the bulls. The RSI oscillator is now at 56, pointing to increased buying interest without being overbought. On the other hand, the MACD oscillator is slightly in positive territory, showing that the buyers continue to dominate.

A breakout above the resistance level, accompanied by high trading volume, would signal the start of the breakout process.

Increase in Whale Holdings Indicates Increasing Confidence

Data on-chain shows an increasing trend in whale activity. The number of whales with holdings ranging from 1 million to 100 million DOGE has grown to 4,920 from 4,872 recorded earlier this year.

The fact that there is an increasing number of whale holders while the price range of the token remains unchanged indicates that there is a lot of accumulation going on.

It is important to note that accumulation always precedes price movements in any asset, and this further strengthens the bull case for Dogecoin.

Bull Case Supported by Futures Trading Volume

More evidence from derivatives is found which strengthens the bullish case for Dogecoin. As reported by CoinGlass, the total open interest volume in Dogecoin futures now stands at $1.37 billion, having increased by 3% in just one day.

The funding rate is also currently 0.0051%, implying that traders who hold long positions are paying a premium to hold their positions.

Breakout Levels and Price Objectives

Market expert Ali Martinez sees the significant level at which a breakout should occur at $0.1018. A bullish confirmation can be achieved by closing above this level for 4 hours with more volume participation.

In case of a breakout above the level mentioned, $0.1172 will be a target price, coinciding with the channel resistance. After that, attention should shift to psychologically important levels of $0.15, $0.20, and possibly even $0.25.

But the Risks Are There to Consider

While the upside appears promising, downside risks still have to be considered. A breach of the $0.095 mark that acts as the 50-day moving average will dampen bullish sentiment.

In this case, traders will aim to test lower support marks at $0.087 and even the February low of $0.080. This will serve as a fallback position, but it will indicate a reversion to bearish trends.

Dogecoin: At an Important Turning Point

At present, Dogecoin finds itself at a crucial point where technical support, whale hoarding, and futures activity come together. With the $0.10 level still acting as the key resistance.

Any breakout to the upside will open doors to substantial gains.

Until then, all eyes will be on DOGE as it consolidates within a narrowing trading range.