Market Snapshot
Bitcoin (BTC) is currently around $106,153, having pulled back slightly (~‑1.35%) from yesterday’s close. Intraday swings range from $105,802 to $107,772, showing volatility amid traders locking in profits .
Ethereum (ETH) sits at approximately $2,425, down about 2.1% intraday, with a trading range between $2,416 and $2,519 .
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Other Key Movers
XRP is trading near $2.19, modestly down (~‑0.5%), continuing to drift sideways after nearing resistance; whale accumulation suggests a potential breakout .
Solana (SOL) is under pressure at around $148, down ~‑5.7% intraday .
Altcoins are broadly lower, with nearly 90 of the top 100 coins trending down in the past 24 hours. The global crypto market cap has dipped ~3.2% to ~$3.41 trillion .
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🔍 Market Drivers
Price drag appears tied to profit-taking after recent highs and global macro factors. Bitcoin is acting more like a tech stock than a safe haven (e.g., gold) .
However, institutional sentiment remains upbeat—U.S. spot Bitcoin ETFs have seen 15 days of net inflows, and many anticipate continued activity in Q3 .
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What to Watch
Event Description
**Fed Chair Powell’s speech (July 1)** Market is eyeing clues on future rate cuts and broader risk sentiment .
U.S. tariffs decision (July 9) Could influence Bitcoin's trajectory as capital reallocates market-wide .
