The crypto market is showing mixed signals today. Bitcoin (BTC) is holding steady around $108,000, facing resistance near $110K, while Ethereum (ETH) trades close to $2,520, showing resilience despite recent volatility. The total crypto market cap remains above $3.32 trillion, signaling continued investor interest.
A major event today is the expiration of over $3.6 billion worth of crypto options, adding short-term volatility. Additionally, a dormant whale wallet that had been inactive for nearly 14 years moved over 80,000 BTC—worth more than $8.7 billion—causing fear and speculation among traders.
Smaller altcoins like HYPE, SUI, and PEPE are performing well, with HYPE gaining over 7.8% this week. Meanwhile, institutional interest continues to grow, as Bitcoin spot ETFs now hold nearly $50 billion in assets.
Analysts are closely watching support levels at $106K (BTC) and $2,500 (ETH). If these levels hold, we may see another bullish leg in the coming weeks. All eyes are also on the upcoming U.S. regulatory update expected mid-July, which could shape the next big move.
Stay informed, and always manage risk wisely.
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