#CryptoNewss
Here’s today’s snapshot of the crypto market:
# Stock market information for Bitcoin (BTC)
* Bitcoin is a crypto in the CRYPTO market.
* The price is 107040.0 USD currently with a change of 1725.00 USD (0.02%) from the previous close.
* The intraday high is 107120.0 USD and the intraday low is 104601.0 US
# Stock market information for Ethereum (ETH)
* Ethereum is a crypto in the CRYPTO market.
* The price is 2625.17 USD currently with a change of 100.97 USD (0.04%) from the previous close.
* The intraday high is 2628.81 USD and the intraday low is 2494.19 USD.
📈 Market Highlights
* Bitcoin kept its momentum, trading around **\$107K**, buoyed by geopolitical uncertainties and strong institutional inflows—up about 0.8% this morning.
* Ethereum rose past \$2.6K, gaining roughly 2–3%, with whales increasing accumulations—technical indicators suggest possible breakouts above \$2.6K–\$2.7K.
* Altcoins in motion: Solana and Hyperliquid surged up to 7%, contributing to a nearly 1% daily growth in overall crypto market cap (\~\$3.3 trillion).
📰 Key Industry Developments
1. Crypto funds reaching new highs: Assets under crypto-focused funds hit record levels in May, as investors use digital assets as hedges amid easing global trade tensions.
2. Dollar-backed stablecoin from Societe Generale: European banking giant launching "USD CoinVertible" on Ethereum and Solana in July—a first for a major EU bank.
3. Anthony Pompliano targeting \$750M to buy Bitcoin: His smoothed SPAC-backed ProCapBTC plans to deploy \$500M equity + \$250M convertible debt—following institutional ETF and token pickup.
4. Changing stablecoin landscape: Galaxy Digital CEO Novogratz stresses the importance of treasury-backed stablecoins (“GENIUS and CLARITY Acts backing this”) and highlights more institutional entries and regulatory clarity.
