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Bitcoin’s new all-time high now ‘inevitable’ as BTC price eyes liquidity at $109K

Key takeaways:
Bitcoin price coils at $107,000 as liquidity builds up around the all-time highs.
A support/resistance flip at $109,000 is a must for the bulls as new record highs become “inevitable,” says analyst.
Bitcoin saw modest gains over the weekend, climbing by as much as 3% to $108,000 o
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Chainlink launches compliance tool to unlock $100T in institutional capital

Chainlink, a decentralized blockchain oracle network for crosschain communication, launched a compliance tool aimed at unlocking over $100 trillion worth of institutional investor capital for the cryptocurrency space.
The decentralized oracle network announced the release of its Automated
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Kazakhstan plans to establish national crypto reserve

The National Bank of Kazakhstan plans to establish a state-managed cryptocurrency reserve, according to a Monday report by state news agency Kazinform.
Local authorities are studying the development of a local crypto reserve, which would follow international practices. Typically, such reserves are
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Record Q2, monthly close next? 5 things to know in Bitcoin this week

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Unlucky trader ‘Qwatio’ liquidated 8 times in a week, loses $12.5M

An unlucky trader was liquidated eight times in the last week, according to blockchain analytics service Lookonchain
The trader, under the handle Qwatio, saw a total loss of $12.5 million In the latest liquidation on Monday, Lookonchain said Qwatio was partially liquidated for an Ether (ETH)
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South Korea pauses CBDC tests as stablecoin fever hits banks

South Korea’s central bank has reportedly postponed the testing of a central bank digital currency (CBDC) as the country’s government has increasingly aired support for local currency stablecoins.
On Sunday, the Bank of Korea told banks taking part in CBDC tests that started in April that it was te
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Growing dissatisfaction among young people to drive BTC price: Analyst

Younger generations disillusioned by the current financial system and calling for a socialist system financed through increased public spending will force the price of Bitcoin (BTC) higher in the long term, according to market analyst Jordi Visser.
In a Sunday episode of entrepreneur Anthony
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Bitcoin aims for highest weekly close: Will HYPE, BCH, LINK, and SEI follow?

Key points:
Bitcoin aims for its highest weekly close above $109,000, but higher levels are likely to attract sellers.
HYPE, BCH, LINK, and SEI could extend their rallies if Bitcoin price stays above $105,000.
Bitcoin (BTC) made a solid comeback this week, rising more than 6%, indicating
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