On July 1, Bitcoin (BTC) slipped below the $107,000 mark, recording a 24-hour decline of 1.28% and signaling consolidation in the crypto market. Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Ripple (XRP) also saw varied performance, with minor gains and losses across the board. The global crypto market cap fell by 1.15% to $3.30 trillion, indicating slight bearish pressure.
Bitcoin Cash (BCH) led the gainers, up by nearly 5%, while SPX6900 (SPX) plummeted by almost 14%, making it the biggest loser. XRP, Monero, Algorand, and Four also showed positive momentum. Meanwhile, Arbitrum, Maple Finance, and DeXe were among the underperformers.
Market sentiment remains neutral with a Fear & Greed Index of 50. Industry leaders shared mixed views: while some experts expect a bullish breakout above $108,600, others note exhaustion signs in ETH and rising bearish dominance in the market.
Despite recent price corrections, institutional interest and whale accumulation signal strong support around $105K, with analysts predicting potential upward momentum toward $110K–$125K, pending macroeconomic factors and ETF activity.
Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
