Main Takeways:-
- Ether and Dogecoin registered the greatest increase with an increase of 9%, maintaining a positive impulse since last week.
- The broader cryptocurrency market observed a 1.7% increase in total capitalization, with Bitcoin quote about $ 103,000.
- Although strong growth, merchants are careful due to a stronger dollar and commercial tensions, which could result in the short -term collection.
Ethereum quoted more than $ 2,600, with Dogecoin about 24 cents. XRP, BNB of the BNB chain, Ada of Cardano and Sol de Solana increased between 3%-5%.
Although many important alternatives are seeing profits, cryptographic merchants are becoming more cautious due to larger financial markets and warn that people can sell short -term profits. A stronger dollar and new commercial problems are slowing market growth, although Bitcoin is close to reaching maximum records.
“The strongest dollar, caused by the news of tariffs, has naturally slowed cryptocurrencies,” said Alex Kuptsikevich, a main market expert in FXPro, in an email to Coindesk. “This is even more true because Bitcoin is close to its highest value, which makes people more likely to sell for fast profits after a strong increase in just over a month.”
As global markets go from being too cautious to feeling cautiously hopeful, Bitcoin remains awake in the air. The asset is once again trapped between different stories or views for some merchants.
“Bitcoin is still fighting between being ‘digital gold’ and a risky investment,” Capital QCP merchants said in Singapore. “This confusion makes it difficult to predict its direction. As the global situation changes from focusing on protectionism to the most positive commercial expectations, Bitcoin could continue moving within a certain price range.”
However, mood remains optimistic. The index of feeling of concern and investor widely observed has been consistently maintained over 70 for four days in a row, a level of “greed” generally linked to a strong desire to buy in the market in the short term.
“Bitcoin revealed his erratic behavior on Monday,” Kuptsikevich added. “But with continuous positive feeling, its value is paying attention to the price movement close to $ 105. Will we observe an impulse or a new decrease? The response will influence what happens in the next few days.
In other places, the latest Coinshares asset flow report reflects $ 882 million in institutional capital motion, the third consecutive week of solid purchases.
BTC began with $ 867 million, while ETH observed a little more than $ 1.8 million tickets, even with outstanding yield in the last week. Significantly, Solana (Sol) reported $ 3.4 million at exits, even when operations bought strongly in $ 200 call options that end at the end of June, as reported.
Read also:- Sol consolidates near the key level- Prediction of prices inside
Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice, and viewers must consult their financial advisors before investing.
