Here’s a comprehensive look at the latest updates in the cryptocurrency market with analysis:
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🔍 Top news and analyses
1. Bitcoin is shifting to an asset resembling stocks more than being a "meme" currency.
A report published today shows that Bitcoin has begun to behave more like high-growth stocks, supported by the inflow of institutional investors (such as ETFs), reflecting "increasing maturity in the market."
2. Slight price correction on the opening day of the third quarter.
Bitcoin dropped by 0.7% to ~$106,745, while Ethereum fell ~0.4%, affected by a common technical behavior with tech stocks, indicating a loss of its function as a safe haven.
3. Strong bullish prospects reaching $143k.
Analyst Ed Campbell from Rosenberg Research believes that a breakout resistance at ~$114k could push Bitcoin's price up by ~25% to ~$143k, supported by technical halos, positive regulatory interventions, and large ETF inflows.
4. Subsequent separation between BTC and other markets indicates bullish opportunities.
Data from Cointelegraph shows that the selling by long-term holders is being absorbed by newer holders, enhancing the likelihood of a bull wave starting in July, mirroring the strong historical performance of this month.
5. Huge inflow into ETF funds, strong support for the sector.
Data from BeInCrypto indicates an inflow of over $4.5 billion into Bitcoin funds in July alone, while demand levels between $100k–$103k maintain steady support.
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6. Ethereum at the peak stages of the bullish technical pattern.
Ethereum is witnessing an upward technical trend within a "bullish flag" pattern, supported by continuous inflows over 7 weeks to ETH ETF funds, despite significant movements by whales that may trigger short-term volatility.
7. XRP is preparing for a potential technical breakout.
FXEmpire analysis confirms the formation of a "falling wedge" pattern for XRP, with expectations of a breakout possibility at ~$2.92, amid a weak dollar and positive on-chain data.
8. Increasing risk appetite among major investors.
A real security shock is affecting cryptocurrency whales, as recent periods have seen kidnappings and thefts of real funds amounting to hundreds of thousands of dollars, prompting some to enhance personal security or resort to more secretive dealings.
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🧭 Summary and conclusions
Bitcoin represents the main focus of analysis: between its strong support level at ~$100k–$103k, and the chances of a technical breakout towards $114k, followed by a potential leap reaching $140k–$143k.
Ethereum is reinforcing its bullish technical stance, supported by ETF inflows, but needs to monitor whale activity to avoid volatility.
XRP is in a delicate phase, close to technical turning points that could lead to a strong rise.
The intensifying competition among institutional financial instruments (ETFs), large capital movements, all contribute to making the market relatively more stable and less prone to major fluctuations.
Security concerns have become an issue that cannot be ignored for major investors, which may overshadow the appeal of cryptocurrencies.
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📅 What awaits us in July?
July is typically a historical date with positive performance for Bitcoin (average ~+7.5% since 2013).
The chances of a major technical breakout could trigger a rally by the end of the month.
Regulatory implications, especially regarding ETF legislation, will play a pivotal role.
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