The market showed mixed signals today with a total market cap decline of 1.5%, despite Bitcoin rising ~1.3% to approach $109,400, and Ethereum jumping over 2.4% to reach ~$2,570. In a notable move, 3U HOLDING AG recently purchased 131 Bitcoins valued at approximately €11.8 million, raising its reserve to 331 coins (~€23.9 million). On the political front, the House Ways and Means Committee in the U.S. Congress is preparing to discuss a new tax on digital assets on July 9, as part of an effort to establish America as a global capital for digital currencies. Elon Musk also announced the founding of the “Party of America,” which supports Bitcoin, considering fiat currencies hopeless, thereby boosting the momentum for BTC adoption.
