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July 6, 2025:
The global cryptocurrency market capitalization is around $3.3 trillion, showing mixed movements with some signs of caution among investors.
Bitcoin (BTC) is hovering around $107,000 - $108,000. While it has seen some consolidation and even dips below $108K, derivatives activity suggests underlying bullish pressure, and some analysts believe a new all-time high is "inevitable," with a key resistance level at $109,000 - $112,000. Institutional demand and whale accumulation are noted as supportive factors.
Ethereum (ETH) is consolidating around $2,520 - $2,580. Despite some short-term weakness and a dip below $2,600 recently, investor confidence appears strong, with significant inflows recorded. On-chain data also shows bullish sentiment and accumulation by large addresses, with some looking towards a potential breakout to $3,000.
Altcoins are seeing mixed performance. While some like XRP, Solana, Tron, and Monero have seen gains, others such as BNB, Dogecoin, Cardano, Avalanche, Litecoin, and Shiba Inu have experienced declines. XRP, in particular, has seen a rise after Ripple confirmed its application for a US banking license. Polygon has also recently surpassed Ethereum in weekly NFT sales.