The past week has seen the mercato crypto move in a particularly dynamic macroeconomic context. The data coming from the United States had a direct impact on the trend of digital assets, confirming the strong correlation between traditional economic indicators and the performance of the crypto sector.
In particular, the data on JOLTS job openings stood at 7.77 million, higher than the expectations of 7.32 million. This result, generally interpreted as a sign of strength in the labor market, turned out to be bearish for cryptocurrencies: historically, in fact, greater solidity of the US economy tends to strengthen the dollar and penalize risky assets like bitcoin.
The U.S. unemployment rate, which fell to 4.1% compared to the expected 4.3%, also contributed to strengthening the dollar, maintaining the bear pressure on the crypto sector. This dynamic confirms the inverse relationship between the strength of the U.S. currency and the performance of cryptocurrencies.
Crypto market: capitalization on the rise and key movements
Despite the unfavorable macro context, the crypto market recorded an increase of 1.25%, bringing the total capitalization to 3.32 trillion dollars. In particular, bitcoin marked a rise of 1.12%, while Ethereum did even better with a +3.26%. The dominance of Bitcoin stands at 65.21%, while that of ethereum is at 9.35%.
One of the most discussed events of the week was the awakening of some wallet OG of bitcoin, inactive since 2011. These wallets, each containing 10,000 BTC, moved for the first time in 14 years an amount now exceeding 1.1 billion dollars. At the time, the value of these bitcoins ranged between 7,800 and 33,700 dollars. The return to activity of these pioneers has captured the attention of operators, fueling speculations about the motivations and possible repercussions for the market.
Elon Musk’s America Party embraces bitcoin
On the political front, a significant development comes from Elon Musk, who has announced the support of his new America Party for bitcoin. In a post on X, Musk stated that “fiat is hopeless,” emphasizing the need for alternatives to the traditional economic system.
Fiat è senza speranza, quindi sì
— Elon Musk (@elonmusk) 7 luglio 2025
The party, born as a response to the current political duopoly, aims to restore individual freedoms and counter poor economic management. This openly pro-bitcoin stance has been welcomed as a bull signal for the entire sector.
Metaplanet strengthens its position on bitcoin
Among the companies, the move by Metaplanet stands out, a Japanese company that has increased its bitcoin reserves by purchasing an additional 2,205 BTC for a value of almost 239 million dollars. With this operation, Metaplanet reaches a total of 15,555 BTC, becoming the fifth public company in the world for the quantity of bitcoin held. The purchase, made at an average price of about 108,237 dollars per BTC, confirms the company’s strongly bull strategy.
Figma bets on bitcoin ahead of the IPO
The technology sector also shows signs of growing institutional interest in criptovalute. Figma, a design platform, revealed in the S-1 filing to the SEC that it holds 70 million dollars in Bitwise Bitcoin ETF (BITB) and has purchased an additional 30 million in USDC to invest further in bitcoin. This choice, in view of the upcoming IPO, demonstrates the growing integration between traditional finance and digital assets.
Updates on the main altcoins: TON and the Golden Visa controversy at the forefront
The TON Foundation announced a program that promised a ten-year Golden Visa of the United Arab Emirates to those who invested at least 100,000 dollars in TON, paying a fee of 35,000 dollars and without traditional requirements. The news caused toncoin to jump by 6%. However, the UAE government denied the eligibility of crypto investors, casting shadows on the initiative.
Ondo Finance focuses on security tokens with the acquisition of Oasis Pro
Ondo Finance has announced the acquisition of Oasis Pro, a regulated broker-dealer in the United States, to expand the offering of security tokens. The operation, subject to regulatory approval, will allow Ondo to access key licenses such as ATS and Transfer Agent, paving the way for the tokenization of stocks and bonds for American investors. The news has already had a positive impact on the price of the ONDO token.
DeFi Development Corp. strengthens its position on Solana
DeFi Development Corp. (DFDV) has increased its reserves of Solana by purchasing 17,760 SOL, bringing the total to over 640,000 SOL valued at 96 million dollars. The operation follows a private placement of 112.5 million dollars and confirms the company’s bull in the project, especially after the acquisition by former Kraken executives.
Nano Labs invests $50 million in BNB
The Chinese semiconductor giant Nano Labs added 50 million dollars in BNB to its treasury, purchasing over 74,000 tokens at an average price of 672 dollars. The goal is to make BNB a central reserve asset, alongside bitcoin and operating capital, aiming to hold up to 10% of the circulating supply of BNB. This strategy has helped strengthen the sentiment on the token.
Technical analysis of the crypto market: Bitcoin, Ethereum, and Solana under the lens
Bitcoin: phase of uncertainty and key levels
The technical analysis on Bitcoin highlights a situation of neutrality. The cryptocurrency has shown fluctuating movements, due to both the news of historical wallets and the announcement of new tariffs by Trump. The trend remains uncertain until a clear break of the key levels. The reference range is around 105,000 dollars, with supports at 106,500, 105,100, and 103,500 dollars and resistances at 110,250 and 111,670 dollars. Operators are invited to consider long entries on supports and short on resistances, maintaining a strict risk management.
Ethereum: relative strength and bull prospects
Ethereum has shown a performance superior to bitcoin, bouncing from the key support of $2,480. As long as the price remains above this level, the sentiment remains from neutral to bull. A potential break below $2,480 could pave the way for a pullback towards $2,380. The levels to monitor are $2,480, $2,380, and $2,338 as supports, while the main resistances are found at $2,675 and $2,841.
Solana: bear trend and waiting for signals
The sentiment on Solana remains neutral, with a bear trend that could persist until the threshold of 160 dollars is surpassed. Staying below this level confirms the negative bias, while a reconquest could signal a short-term reversal. The main supports are at 138, 130, and 122 dollars; the resistances at 160 and 185 dollars.
Upcoming economic events to monitor
Among the upcoming macro events, the publication of the FOMC Meeting Minutes and the data on unemployment claims in the United States stand out. A more accommodative tone from the Fed or better-than-expected labor data could represent positive catalysts for the crypto sector in the coming weeks.
The cryptocurrency market remains extremely sensitive to both macroeconomic dynamics and industry news, with capital movements and institutional stances continuing to redefine the balances. In this scenario, prudence and careful risk management remain fundamental for those operating in a constantly evolving context.
