Key Notes

Bitcoin rebounded from $111,643 to $117,000 but faces resistance at $120,500.

Retail investors are accumulating BTC faster than new supply is issued.

ETH/BTC has surged nearly 75% since May, signaling potential for altcoin season.

Bitcoin BTC $116 496 24h volatility: 0.1% Market cap: $2.32 T Vol. 24h: $40.37 B and Ethereum ETH $3 895 24h volatility: 2.1% Market cap: $470.66 B Vol. 24h: $35.30 B turned green in the past 24 hours with BTC reclaiming $116K and ETH pushing above $3,900.

Research firm 10x Research said that several catalysts are driving the two largest cryptocurrencies toward key levels. Related article: Crypto Market Sentiment Shifts: BTC, ETH, XRP on Investors' Radar

In a July 28 note, the firm fore

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