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Tag: Market Trends

  • Bitcoin Bounces Back to $62K Amid ETF Inflows and Trump Holdings Buzz

    Bitcoin Bounces Back to $62K Amid ETF Inflows and Trump Holdings Buzz

    Crypto Market Sees Tentative Relief as Bitcoin Recovers

    Although July has just begun, the past seven days have brought some much-needed and long-awaited relief to the cryptocurrency market, even as overall sentiment remains fragile.

    Last week at this time, Bitcoin was still struggling around the $60,000 mark following a painful correction in June. The cryptocurrency spent the weekend moving mostly sideways, with neither bulls nor bears able to gain decisive control.

    The real action commenced at the start of the business week. BTC attempted a recovery but was quickly rejected near $60,700, allowing sellers to push it lower. Pressure intensified on Tuesday, when Bitcoin, along with the broader market including the S&P 500, the Nasdaq, and major tech stocks, experienced a significant downturn. BTC dipped below $59,000 and slipped toward $58,000 on some exchanges, marking its intraweek low.

    However, that support held firm. The cryptocurrency bounced back and swiftly reclaimed $60,000. Later, it pushed toward $62,000 as buyers returned and spot Bitcoin ETFs finally saw renewed inflows after a brutal streak of outflows.

    Altcoins also managed to follow suit, with some even posting sharper gains. ETH recovered strongly, moving back toward $1,700, while SOL was among the top performers with a double-digit weekly jump. XRP, DOGE, ADA, XLM, and HYPE also joined the rebound, helping the total crypto market capitalization recover some of its recent losses.

    Key Developments and Market Insights

    The week was also marked by several major headlines. Donald Trump’s latest financial disclosure revealed he holds over $50 million in Bitcoin, reigniting strong debates. FBI Director Kash Patel also amended a disclosure related to Strategy’s stock, while Securitize made its NYSE debut and launched tokenized shares on Solana and Avalanche.

    Overall, bulls were finally able to stop the bleeding. However, this does not necessarily mean the worst is over. BTC still requires a decisive breakout above pivotal levels around $70,000 to prove this was more than just a temporary rebound.

    Market Cap: $2.22T | 24H Vol: $66B | BTC Dominance: 56%
    BTC: $62,000 (+2.7%) | ETH: $1,731 (+9.6%) | XRP: $1.12 (+7.2%)

    Tokenized Stocks Emerge as Altcoin Lifeline Amid Crypto Market Reset

    A new report suggests that tokenized stocks are becoming one of crypto’s few bright spots, as persistent token unlocks and weak altcoin narratives continue to weigh down speculative assets. Analysts also noted that Solana is currently dominating tokenized equity trading alongside Hyperliquid’s HIP-3.

    Why Bitwise’s Matt Hougan Thinks Strategy’s Bitcoin Era Is Fading

    Matt Hougan, CEO of Bitwise, believes that Strategy’s role as a major corporate Bitcoin buyer is likely to diminish. He anticipates that future cycles could be led by institutions such as banks, asset managers, pension funds, and sovereign wealth funds.

    Standard Chartered Becomes First Major Bank to Offer Direct Stablecoin Services

    Standard Chartered has become the first major global bank to offer direct USDC minting and redemption services to institutional clients through its banking platform. The service was launched in partnership with Circle in Dubai’s DIFC.

    Can Circle Defend Its Stablecoin Lead Against OpenUSD? Experts Weigh In

    Experts, however, have warned that Circle may face one of its toughest challenges yet from OpenUSD, a new stablecoin backed by major financial and payments firms including Visa, Mastercard, BlackRock, and Coinbase.

    UK Investors Sue Binance and Former CEO Changpeng Zhao for $200M

    A group of 1,700 UK investors has filed a lawsuit against Binance and its former CEO, Changpeng Zhao, in London’s High Court. The plaintiffs are seeking approximately $200 million in damages, alleging that the exchange sold unauthorized derivatives products.

    The Vanishing Bitcoin Bid: Where Are the ETF Billions Going?

    Tim Sun of HashKey research suggests that recent Bitcoin ETF outflows may reflect capital rotating into AI, semiconductors, and GPU-related stocks, rather than a complete collapse in risk appetite.

    This week’s analysis includes charts for Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid.

  • Bitcoin Flashes 3 Bullish Signals: $65K Target?

    Bitcoin Flashes 3 Bullish Signals: $65K Target?

    Bitcoin Stages Comeback, Analysts Eye $65,000 Target

    After weeks of subdued performance that saw its price dip to its lowest point since 2024, Bitcoin (BTC) has finally mounted a significant recovery. Popular analyst Ali Martinez has identified three key bullish indicators that suggest the cryptocurrency could surpass $65,000 in the near term.

    Geopolitical Calm and ETF Inflows Fuel Surge

    The primary cryptocurrency recently broke through the $62,500 mark. This upward momentum is attributed to a de-escalation of geopolitical tensions in the Middle East and a welcome return of exchange-traded fund (ETF) inflows, following a period dominated by outflows.

    Technical Indicators Signal Upside Potential

    Martinez highlighted that Bitcoin’s 12-hour chart is displaying a confluence of bullish technical signals across several critical metrics, pointing towards further price appreciation. He specifically noted the Tom DeMark Sequential indicator, which has generated a buy signal.

    Earlier this week, Martinez emphasized that this indicator, when analyzed on a monthly timeframe, had previously triggered synchronized bullish calls for Bitcoin, Ethereum (ETH), Ripple (XRP), and Solana (SOL). “Historically, when multiple assets register concurrent monthly buy signals, it signifies seller exhaustion and a high probability of a long-term market bottom,” he explained.

    RSI and SuperTrend Add to Bullish Outlook

    The second positive indicator identified by Martinez is Bitcoin’s Relative Strength Index (RSI), which has formed a bullish divergence against the underlying price action. The third is the SuperTrend indicator, which has signaled a shift in the prevailing trend.

    “If these combined indicators are validated by sustained spot trading volume, the immediate target for Bitcoin is $65,400, aligning with the TD setup resistance trendline,” Martinez concluded.

    Market Observers and Whale Activity Reinforce Optimism

    Many market observers echo Martinez’s optimistic view, pointing to Bitcoin’s strong performance this month. For example, X user cyclop noted that Bitcoin has historically delivered double-digit gains in July during bear markets.

    Recent activity from large investors, often referred to as “whales,” further bolsters the positive sentiment. X user Max Crypto shared an instance of a significant investor initiating a $66 million long position on Bitcoin, which would be liquidated if the price falls to $59,395. Whales are typically seasoned investors who rely on their own analysis rather than following market trends, and their actions can inspire confidence among smaller investors, potentially leading to increased capital allocation in the ecosystem.

    However, caution remains paramount, as the cryptocurrency market is inherently volatile. A short-term pullback remains a distinct possibility.

  • Samsung, Others Dispute Participation, Challenging Open USD Membership Claims

    Samsung, Others Dispute Participation, Challenging Open USD Membership Claims

    Major Firms Dispute Role in Open USD Consortium

    Several prominent South Korean companies have stated they have not formally joined the newly announced Open USD (OUSD) consortium, despite being listed among its participating organizations.

    Open Standard, the independent entity behind the stablecoin, had previously announced the formation of a consortium of over 140 businesses to launch OUSD, a dollar-pegged stablecoin, later this year. The initial announcement included a roster of globally recognized companies across various sectors, such as Visa, Mastercard, BlackRock, Google, Ripple, and Standard Chartered. Among the South Korean entities named were Samsung Electronics, Dunamu, Shinhan Financial Group, KakaoBank, K Bank, Hyundai Card, KB Kookmin Card, BC Card, Hana Card, Samsung Card, Woori Card, NH Nonghyup Card, and Hanwha.

    However, several of these companies have since contested the nature of their involvement.

    According to a report by Chosun Biz, a representative for Samsung Electronics informed the publication that the company had not engaged in any official discussions with the OUSD issuer and was unaware of any potential role it might play within the consortium. Similarly, Shinhan Financial Group, Dunamu, and K Bank indicated that Open Standard had merely inquired about their interest in participating in OUSD, and they had responded by stating they would review the proposal. Their names were reportedly added to the consortium list without any formal commitment.

    One company representative further stated that their firm only learned of its inclusion as an alliance member through domestic media reports. This representative added that the company had merely expressed a willingness to consider participation under favorable circumstances and was surprised to find itself listed as a member.

    These assertions were later corroborated by Gabor Gurbacs, founder of digital asset firm Pointsville. Gurbacs reported speaking with several companies listed in the OUSD consortium, all of whom informed him that they had never signed or agreed to participate. He suggested that either the media had significantly misrepresented the situation or the published participant list was misleading.

    The claims have also ignited a debate on social media platform X. One user characterized the practice of listing companies before deals are finalized as a “classic legitimacy-borrowing” tactic, while another commented that the situation poses a significant credibility risk.

  • Tokenized Stocks Boost Altcoins in Crypto Downturn

    Tokenized Stocks Boost Altcoins in Crypto Downturn

    Tokenized Stocks Emerge as Altcoin Lifeline Amid Crypto Market Reset

    Tokenized stocks are capturing attention as one of the few sectors still attracting capital, with financial services provider BIT arguing in a July 3 report on X that the segment is emerging as a rare bright spot while traditional altcoin narratives continue to falter.

    This perspective reflects a broader shift in crypto markets, where investors are increasingly focusing on projects linked to real-world assets rather than speculative tokens facing significant selling pressure.

    According to the analyst behind the BIT report, the crypto market is undergoing a structural transformation after years of relying on meme coins, DeFi tokens, and novel narratives to draw in capital.

    Over the past two years, more than $111 billion worth of tokens have been unlocked and entered the market, averaging approximately $700 million weekly. The report suggests this persistent supply overhang has dampened retail participation and exerted downward pressure on prices.

    This pressure has been exacerbated by the changing nature of crypto rallies. In 2024, the average uptrend for a coin lasted about 61 days, a stark contrast to just 19 days in 2025. Furthermore, institutional investors, through ETF flows and corporate reserves, have largely directed their capital towards established assets like Bitcoin (BTC), leaving the market’s long tail of speculative tokens underserved.

    Since the launch of spot Bitcoin ETFs, BTC has delivered nearly 260% returns for the average crypto hedge fund. BIT contends that the established altcoin playbook is no longer yielding the same results. For context, the Altcoin Season Index currently stands at around 54 out of 100, falling well short of the 75 threshold typically considered a signal for a genuine altseason.

    Against this backdrop, exchanges are actively seeking new avenues for growth. BIT’s independent analyst believes tokenized stocks are creating a new area of demand. The analyst highlighted Solana as the leading blockchain for tokenized equities, accounting for 95% of the global trading volume in this category.

    The report suggests that projects such as Jupiter and Jito are potential beneficiaries, as they operate across different segments of the tokenized equity infrastructure. Other notable players include Ondo, Hyperliquid, Backpack, and Pyth. Ondo, in particular, has surpassed $1 billion in total value locked (TVL) in less than eight months. Meanwhile, Hyperliquid’s perpetual stock products now represent over 35% of trading activity on its platform.

    Recent industry announcements indicate that crypto exchanges are heavily investing in tokenized equities. For instance, Coinbase announced in June its intention to launch tokenized trading for non-US customers, with assets backed 1:1 by the underlying security and offering full shareholder rights, including dividends. Binance has also introduced bStocks on the BNB Chain. Other platforms, such as Kraken and Bybit, already list numerous xStocks for spot trading.

    Earlier this year, Jupiter and Ondo Finance announced plans to introduce over 200 tokenized US stocks and ETFs to Solana through Ondo Global Markets. These developments lend support to BIT’s assertion that tokenized equities are emerging as one of the few sectors within crypto still actively developing new products, while much of the altcoin market grapples with weak demand and sustained selling pressure.

  • Claude AI Predicts Massive XRP Surge by End of 2026

    Claude AI Predicts Massive XRP Surge by End of 2026

    Anthropic’s Claude AI Model Predicts Starkly Different XRP Futures Based on Key Legislation

    A new artificial intelligence model from Anthropic, Fable 5, has forecast two dramatically divergent price paths for XRP in the latter half of the year, hinging on a single legislative event that could be resolved within days. The AI predicts XRP could reach $5.00 by year’s end if the CLARITY Act is passed, but would fall to $0.85 if it is not.

    Legislative Catalyst Drives Bull Case

    The bullish outlook for XRP is more precisely tied to legislative timing than any other prediction in this analysis. XRP is currently trading at $1.10, and the Fable 5 model identifies the CLARITY Act as the sole pivotal factor for its entire second-half forecast. This bill successfully passed the Senate Banking Committee on May 14 and is now awaiting a vote on the Senate floor. The White House is reportedly pushing for its signing by July 4.

    Key figures in the financial regulatory landscape, including SEC Chair Atkins, CFTC Chair Selig, and Treasury Secretary Bessent, have publicly expressed their support for the CLARITY Act. Its passage would formally classify XRP as a digital commodity. This classification would legally open the door for pension funds, sovereign wealth funds, and endowments, which are currently prohibited from holding XRP, to invest regardless of their interest. This institutional access is identified as the primary driver for a potential re-rating of XRP’s valuation.

    Institutional Inflows and Partnerships Bolster Outlook

    The potential for institutional adoption is further underscored by existing market trends. Spot XRP Exchange-Traded Funds (ETFs) have already seen cumulative inflows of $1.48 billion since November 2025 and have experienced only two negative weeks since mid-March, indicating consistent net buying by institutions even during market downturns.

    This week also saw significant developments in partnerships. Mastercard named Ripple as a settlement partner for its new AI payments network, Rakuten launched its XRPL integration, and Standard Chartered has set a base target of $2.80 for XRP, factoring in the CLARITY Act’s passage in the later cycle. A swift signing of the bill in July alone could propel XRP towards the $5.00 mark, as ETF inflows are projected to accelerate into the $4 to $8 billion range, a scenario modeled by analysts for such an outcome.

    Bear Case Hinges on Legislative Failure and Market Pressure

    Conversely, the bear case presented by the Fable 5 model is stark and unsoftened. Polymarket currently prices the likelihood of the CLARITY Act passing this year at just 42%, suggesting that the market perceives failure as more probable than success.

    Adding to this bearish sentiment, 1 billion XRP are scheduled to unlock from escrow each month, creating consistent selling pressure. If this legislative delay is indefinite and Bitcoin fails to reclaim the $80,000 level, the model anticipates selling pressure will continue to overwhelm demand from ETFs. Under such circumstances, Fable 5 projects XRP to grind back to the $0.85 zone. This level represents the 2024 pre-breakout base, the price point XRP held before the rally driven by the ETF era.

    Technical Analysis Shows Indecision Amidst Downtrend

    The daily chart illustrates XRP trading at $1.0990, following a year-long decline from highs above $3.65 reached in early August. This downward trend has been largely unidirectional, punctuated only by brief bounces that consistently set lower highs.

    Currently, XRP is hovering around the $1.00 psychological floor, oscillating between $1.03 and $1.10 over the past several days with no clear directional momentum. This tight range trading at a significant round number, following an extended downtrend, typically resolves in a sharp move once a catalyst emerges. The Fable 5 model has explicitly identified this catalyst.

    Immediate resistance is observed near $1.20, a level XRP has failed to close above in recent weeks. A more substantial resistance barrier lies around $1.60, where multiple rallies earlier this year faltered. Support is holding at $1.00, the psychological floor that has been tested repeatedly this past week. The $0.85 zone, representing the bear case scenario, sits clearly below this level on the chart as the next significant structural support if the $1.00 floor gives way.

    The broader technical pattern continues to show a series of lower highs dating back to August. The most recent price action features small candle bodies and indecisive wicks, reflecting genuine market uncertainty rather than directional conviction. Given that the timing of the CLARITY Act vote and the price prediction are intrinsically linked, the outcome of the bill in the coming weeks will likely determine which of these two scenarios plays out by December.

    Broader Market Dynamics and Emerging Opportunities

    Bitcoin, Ethereum, and XRP have been consolidating against similar resistance levels for weeks, with the catalyst for the next significant move seemingly always one data print away.

    In contrast, early-stage infrastructure projects operate under different dynamics, according to Copilot AI. Capital that would be negligible at the scale of Bitcoin can significantly impact smaller, undiscovered projects, leading to substantial multiples. The potential for asymmetric returns lies in the gap between a project’s intrinsic value and its current market perception, a gap that exists until the project gains wider recognition.

    The persistent fragmentation across different blockchain networks has been extracting value from decentralized finance (DeFi) participants since the advent of cross-chain bridges. Bitcoin, Ethereum, and Solana were designed as independent systems with no inherent interoperability. Every transaction that crosses these boundaries incurs costs in fees, slippage, and execution failures. Bridges, intended as a solution, have instead become a mechanism for extracting these fees.

    LiquidChain aims to eliminate these fees entirely by operating three networks within a single execution layer, allowing a single deployment to reach all of them without any cross-chain tax on interactions. Claude AI identifies LiquidChain as a project worth watching. Its presale is currently priced at $0.01454, having raised over $890,000.

  • ADA Shorts Squeezed $857K as Whales Reach Record Highs; Is the Bottom In?

    ADA Shorts Squeezed $857K as Whales Reach Record Highs; Is the Bottom In?

    Cardano’s ADA Price Sees Short Squeeze as Technical Signal Reappears

    Cardano’s native token, ADA, is experiencing a notable price surge, trading around $0.1650, marking a 6.50% increase in the last 24 hours and a 14.1% gain over the past week. This upward movement coincides with the reappearance of a technical indicator not seen since June’s market downturn, leading to significant losses for short-positioned traders.

    Technical Indicators Signal Shift

    The Parabolic SAR, a technical indicator used to identify potential trend reversals, has flipped below the current spot price for the first time in weeks, settling at $0.1385. This shift is further corroborated by derivatives market data. In the past 24 hours, short liquidations reached $857.14K, starkly contrasting with $158.49K for long liquidations. This represents a reversal of the trend that heavily impacted ADA bulls in June. Derivatives trading volume has also seen an uptick, climbing 8.08% to $544.55M, while open interest rose 1.62% to $374.88M, suggesting new market positions are being established rather than solely short covering.

    Whale Accumulation and Supply Squeeze

    On-chain data reveals that large wallet holders, often referred to as “whales,” have accumulated over 80 million ADA in the last three days amidst market volatility and bearish sentiment. These whale wallets now collectively hold 26.2 billion ADA, an all-time high, representing a significant portion of the circulating supply despite recent market uncertainty. Concurrently, the supply of ADA held on exchanges has hit a new all-time low, indicating a potential supply squeeze building beneath the surface.

    Navigating Resistance Levels

    Cardano is currently facing headwinds from negative news and a substantial resistance zone at its current trading levels. The immediate ceiling is the 20-day Exponential Moving Average (EMA) at $0.17. A sustained close above this level is crucial for further upward momentum. Beyond that, the 50-day EMA is positioned at $0.1858, the 100-day EMA at $0.2204, and the 200-day EMA at $0.2941. The fact that all major moving averages are overhead and declining suggests that a smooth ascent is unlikely, presenting a challenging trading environment.

    Support and Potential Scenarios

    The horizontal support zone between $0.14 and $0.15, which held firm through multiple tests in June, now serves as a structural floor. The Parabolic SAR flip offers the first technical confirmation of buyers gaining traction. However, a rejection at the 20-day EMA could trigger another downward price movement, mirroring previous failed bounce attempts this cycle.

    A daily close above $0.17 could pave the way for a rally towards the 50-day EMA at $0.1858, potentially intensifying short squeeze conditions given the current derivatives imbalance. Alternatively, if ADA consolidates between $0.15 and $0.1586, the recent minting of $5.4 million in USDCX on Cardano, pushing total reserves past $35 million, could gradually build support for the decentralized finance (DeFi) narrative. A rejection at the 20-day EMA and a subsequent close below $0.145 would invalidate the SAR signal and likely lead to the liquidation of long positions accumulated during the current bounce.

    Medium-Term Outlook and Key Decisions

    Medium-term quantitative models project ADA to trade around $0.1505 by the end of 2026. This suggests that the current price bounce may be a cyclical relief rally within a larger period of consolidation, rather than a fundamental reversal of the trend. The next 48 hours are considered decisive for ADA’s price trajectory.

    Investor Sentiment and Alternative Opportunities

    While ADA’s current bounce is significant, the substantial overhead resistance and declining EMAs present an asymmetric risk-reward profile for those looking to chase the rally. Traders seeking early-stage exposure to different market momentum are reportedly exploring the presale market, where entry prices are not dictated by charts laden with resistance.

    Meme coin presales have been attracting capital even as established cryptocurrencies consolidate. Maxi Doge ($MAXI), an ERC-20 token built on Ethereum, is noted as being part of this trend. The project emphasizes a “1000x leverage trading mentality” and incorporates features such as holder-only trading competitions and a treasury fund for liquidity and partnerships. The presale has reportedly raised $4,821,311.89 at a price of $0.0002827, with dynamic staking APY available. It is important to note that presale tokens carry inherent risks, including illiquidity and no guarantee of listing price.

  • Binance Expands Collateral Options with 15 Tokenized Stocks

    Binance Expands Collateral Options with 15 Tokenized Stocks

    Binance Expands Margin Trading Options with New bStocks Collateral Assets

    Binance has announced the addition of fifteen new bStocks tokens as eligible collateral assets for its Cross Margin, Portfolio Margin, and Portfolio Margin Pro services. This move significantly broadens the collateral options available to eligible users for margin trading.

    The newly added bStocks tokens represent a diverse range of companies and investment vehicles, including Circle (CRCLB), Micron (MUB), NVIDIA (NVDAB), Sandisk (SNDKB), Tesla (TSLAB), SpaceX (SPCXB), Advanced Micro Devices (AMDB), iShares MSCI South Korea ETF (EWYB), Intel (INTCB), Strategy (MSTRB), Lumentum (LITEB), Meta (METAB), Microsoft (MSFTB), Palantir (PLTRB), and Invesco QQQ Trust (QQQB). Corresponding bStocks trading pairs are now also available for margin trading.

    Eligibility and Risk Management

    This feature is exclusively available to VIP 3 and above users in permitted jurisdictions. Users in restricted regions will not have access to these new collateral options.

    Binance strongly encourages users to implement robust risk management strategies and to continuously monitor their margin levels when utilizing bStocks tokens as collateral. Further details on marginable assets and related information can be found in the Margin Data section.

    For a comprehensive understanding of the index price methodology for bStocks as collateral assets, users are directed to the bStocks Tokenized Securities Collateral Index Price Methodology.

    Understanding Binance bStocks

    Binance bStocks are tokenized securities that represent underlying equities. The platform offers resources such as Frequently Asked Questions on Binance bStocks as Collateral Assets, Margin Trading Overview, and a Binance Cross Margin Trading Guide to help users navigate these products.

    Binance reserves the right to amend or cancel this announcement at any time and for any reason without prior notice.

    It is important to note that information regarding Tokenized Securities is not intended as an offer, solicitation, promotion, recommendation, or invitation to buy or sell securities in any jurisdiction. Tokenized Securities are not offered, sold, distributed, made available, or accessible in the United States or to U.S. persons. They have not been registered under the U.S. Securities Act of 1933 or any U.S. state securities laws, and a public offering of bStocks will not be conducted in the United States or any other jurisdiction, with the exception of the ADGM. By accessing this product, users represent and warrant that they are not U.S. persons, are not located in the United States, are not acting for the account or benefit of any U.S. person, and will not access, purchase, sell, transfer, redeem, or otherwise transact in Tokenized Securities from within the United States.

  • Crypto Market Pulse: ETH, XRP, ADA, BNB, and HYPE

    Crypto Market Pulse: ETH, XRP, ADA, BNB, and HYPE

    Ethereum Recovers, Eyes Key Resistance

    Ethereum has managed to rebound from support at $1,500, erasing last week’s losses and closing the week with an impressive 10% rally as buyers regained control. However, for a sustained recovery, the price must break through the current resistance at $1,800. A failure to do so would likely result in a brief respite before sellers reassert dominance.

    Looking ahead, Ethereum has an opportunity to establish a local bottom and initiate a rally. The critical question is whether buyers possess the volume and strength to sustain this momentum and overcome the key resistance in the coming days and weeks.

    XRP Defends $1 Amidst Resistance

    This week, buyers successfully defended the $1 mark, pushing XRP’s price up by 6%. However, resistance at $1.1 has so far held firm against bullish advances.

    Similar to Ethereum, XRP needs to capitalize on this bounce to fuel a sustained rally and break its current downtrend. Even if the $1.1 resistance is breached, the price must then claim $1.3 to confirm a significant breakout.

    The price reaction at $1 was anticipated, given its status as a key psychological level. If buyers fail to leverage this momentum in the near future, sellers are likely to return and apply renewed pressure.

    Cardano Shows Strength, But Faces Lower High

    Cardano impressed this week with a 16% bounce after briefly dipping below the $0.15 support level. With this support secured, the cryptocurrency appears poised for further gains. However, as of this report, the price has formed a lower high.

    For a confident sustained recovery, Cardano must surpass its previous high of 19 cents. Falling short of this mark would suggest a bearish bounce, potentially leading to further declines for ADA.

    While market sentiment has improved with the start of July, the month is still in its early stages, making it premature to confirm the sustainability of current price action. At a macro level, ADA’s trend remains bearish.

    Binance Coin Stagnates, Faces Regulatory Headwinds

    In contrast to other cryptocurrencies on the list, Binance Coin has remained flat this week. This lack of movement is atypical and signals a bearish outlook, particularly as the price failed to reclaim its $580 support. Consequently, sellers maintain the upper hand and may target $500 next.

    The $500 support level has yet to be tested but represents the next significant hurdle if bearish sentiment continues. Furthermore, Binance’s failure to secure a MiCA license in the EU at the beginning of July has resulted in the loss of a key market to competitors.

    Looking ahead, any weakness experienced by the Binance exchange is likely to impact its native token, BNB. The current chart pattern confirms this, showing a persistent bearish trend with no immediate signs of a bounce or recovery.

    Hyperliquid Consolidates in Bullish Pennant

    Hyperliquid (HYPE) found solid support above $60 and experienced a 6% bounce this week, resulting in flat price action since early June. This consolidation is forming a large pennant pattern, the resolution of which will indicate the cryptocurrency’s next direction.

    Pennant patterns typically see prices respecting the underlying trend, which in this case is bullish. Therefore, the higher probability suggests a breakout and a move towards new highs.

    To challenge its current all-time high of $77, HYPE must secure $68 as key support and hold above it. A break below $60 or failure to maintain $68 would serve as a bearish signal, likely leading to lower lows.

  • XRP Signal Weakens: Analyst Sees Potential Setup

    XRP Signal Weakens: Analyst Sees Potential Setup

    XRP experienced a roughly 5% surge over the past 24 hours, allowing the token to reclaim the $1.10 mark. Despite this short-term recovery, XRP remains more than 50% below its value from a year ago.

    Recent on-chain data indicates that the sustained downturn has driven key holder metrics to historically extreme levels.

    According to Santiment, XRP holders are currently experiencing some of the weakest average returns in the asset’s history. Its 30-day MVRV has dropped to -45%, and its 365-day MVRV stands at -47%, signaling that both short-term and long-term holders are significantly underwater.

    For the first time in XRP’s nearly 12-year history, both short- and long-term holders are facing record-low average returns, a situation that reflects unusually high levels of fear and frustration. Santiment cautioned that this does not preclude further price declines if the broader cryptocurrency market remains under pressure.

    However, from a risk-reward standpoint, the firm believes that buying or increasing exposure to XRP at current levels carries less risk than usual. This is because much of the potential downside has already been absorbed by existing holders, a condition that has historically preceded stronger market setups.

    In parallel, crypto analyst Ali Martinez noted that the SuperTrend indicator has issued its first buy signal for XRP since mid-June. He pointed out that the previous buy signal was followed by a 14% rally, and the indicator had also accurately identified the last two major declines of 19% and 16%.

    Martinez’s earlier analysis also revealed an uptick in XRP’s network activity. Daily active addresses have climbed from 23,000 on June 14 to nearly 40,000, suggesting increased on-chain participation.

    On the institutional front, U.S.-based spot XRP ETFs attracted over $59 million in net inflows throughout June. Following two consecutive days of outflows, these funds returned to positive territory on July 3, bringing in $6.55 million.

    Data from SoSoValue indicated that Bitwise’s ETF accounted for the largest portion of the day’s inflows.

  • Bitcoin Options Expiry: Will Markets Move?

    Bitcoin Options Expiry: Will Markets Move?

    Bitcoin Options Expiry Amid Market Uptick

    Approximately 31,000 Bitcoin options contracts, with a notional value of around $1.9 billion, are set to expire on Friday, July 3. This expiration is significantly smaller than the substantial end-of-quarter event last week, suggesting a minimal impact on spot markets.

    Crypto markets, which experienced a flat trend for most of the week, saw a resurgence on Friday. Since Monday, the sector has attracted $70 billion as losses from last month’s downturn have decelerated.

    This week’s Bitcoin options contracts exhibit a put/call ratio of 0.7, indicating a slight dominance of sellers of long (call) contracts over sellers of short (put) contracts. The maximum pain point is situated near $61,000, close to current spot prices, meaning some contracts are likely to expire in the money.

    Open interest (OI), representing the value or number of Bitcoin options contracts yet to expire, remains highest on Deribit at the $80,000 strike price, totaling $1.1 billion. However, short sellers maintain $900 million in OI at the $60,000 strike.

    According to Coinglass, total BTC options OI across all exchanges has decreased to a 16-month low of $26 billion following last week’s significant expiry.

    Derivatives provider Greeks Live noted this week that “Short-dated skew continues to account for the majority of downside premium embedded in BTC options pricing.” They added, “Options positioning remains primarily driven by near-term risk management rather than a broad repricing of longer-term expectations.”

    Ethereum Contracts Also Expire

    In addition to Bitcoin options, approximately 134,000 Ethereum contracts are expiring today, with a notional value of $228 million. These contracts have a maximum pain point of $1,650 and a put/call ratio of 1.3.

    Total ETH options OI across all exchanges is currently low, standing at around $3.6 billion, its lowest level since January 2023. This brings the total notional value of crypto options expirations to approximately $1.8 billion.

    Market Sees Broad Gains

    Crypto markets are experiencing a broad rally this Friday, with total capitalization rising to $2.2 trillion.

    Bitcoin led the gains, reaching an intraday high of $62,000 on Thursday following weaker-than-expected U.S. jobs data. It was trading at $61,500 on Friday morning in Asia. Ether performed slightly better, reclaiming the $1,700 level with a 6% daily gain and maintaining that momentum over the past 12 hours.

    The upcoming long weekend in the United States is expected to lead to subdued market activity.

    A recent social media post indicated that Bitcoin had reclaimed $62,000 after June jobs data came in below expectations, reducing the likelihood of a Federal Reserve rate hike. The post also stated that over $69 billion had been added to the crypto market in the preceding six hours, with Bitcoin up 3.5% and Ethereum also showing gains.