RED Crypto Price

Bitcoin Transaction Fees Reduced: The minimum fees for Bitcoin transactions have been reduced by 90%, allowing users to pay as low as 0.1 satoshi per virtual byte, due to decreased network activity and demand for block space.

Debate on Bitcoin's Use Case: While some believe Bitcoin should be used for everyday payments, others argue it is becoming primarily a store of value, with prominent figures like Jack Dorsey emphasizing the need for its utility in transactions to maintain relevance.

Ethereum Price Surge: Ethereum has surpassed the $3,600 USDT mark on July 20, 2025, driven by a significant institutional inflow of $727 million and a 2.59% increase in price over 24 hours.

Market Reaction and Optimism: The cryptocurrency community is optimistic about this price movement, with increased trading volumes noted in Layer 2 and DeFi tokens, while regulatory bodies have not issued new statements regarding the changes.

TRAC Price Surge and Accumulation Zone: TRAC price increased by 34%, testing the upper boundary of its long-standing accumulation zone between $0.10 and $0.45, indicating potential for a bullish breakout if it closes above $0.45.

Market Fundamentals and Technical Structure: With a market cap near $200 million and no token inflation, TRAC's fundamentals support long-term growth; its technical setup resembles a Wyckoff accumulation phase, suggesting strong buying interest and possible future price targets of $1.00 to $1.50.

James Wo's MKR Deposit: James Wo, founder of Digital Finance Group, deposited 1,700 MKR tokens worth $3.47 million to Binance, following a previous withdrawal of over 5,400 MKR earlier this year, indicating his significant influence on market trends.

Market Impact and Uncertainty: The large deposit may increase liquidity and volatility in the MKR market, but without clear communication from Wo or regulators, investors are left to speculate on his intentions and potential market reactions.