Recap
- Bitcoin rallied to nearly $110,000 last week, reaching within 1–2% of its all-time high. The move occurred amid continued institutional inflows and growing expectations of monetary easing later this year.
- Solana made headlines on Tuesday 1 July with the debut of a US listed Solana staking ETF, which attracted $20 million in volume on its first day.
- On Thursday 3 July, the US Senate passed the $3.3 trillion “Big Beautiful Bill,” which President Trump signed into law the following day. While the bill sparked brief market optimism, crypto investors remain cautious as tax relief provisions were notably absent.
Market Metrics
- Total Market Cap: $3.37 Trillion (+0.85%)
- BTC Dominance: 64.49% (vs 64.52% last week)
- Fear & Greed Index: 50/100 (vs 50/100 last week)
- Alt Season Index: 29/100 (vs 23/100 last week)
Top Gainers of Last Week
- BONK (+47%)
- PENGU (+13%)
- XDC (+7%)
Top Losers of Last Week
- PI (-13%)
- SEI (-12%)
- KAIA (-11%)
This week, we'll be monitoring (all times UTC):
Wednesday 9 July
Economic Data
- 18:00 Release of Federal Open-Market Committee (FOMC) minutes: Could provide clues on future rate cuts, influencing risk assets like crypto.
- Deadline for US tariff increases: Potential escalation could disrupt global trade, adding volatility to markets.
Thursday 10 July
Economic Data
- 12:30 US Initial Jobless Claims (forecast: 245,000): A higher-than-expected figure might signal economic weakness, impacting crypto sentiment.
