The cryptocurrency market was largely traded on Tuesday, Bitcoin oscillating just under $ 107,000 while investors remained cautious before the American tariff decision on July 9.At 11:50 am IST, Bitcoin fell 1.2% to $ 106,984 after reaching an intraday summit of $ 108,317. Ethereum decreased by 1.7% to $ 2,460. The global market capitalization of cryptography fell 1.12% to 3.3 dollars, according to CoinmarketCap.Altcoin’s performance was mixed. XRP, Solana, Tron and Monero won up to 1.5%, while BNB, Dogecoin, Cardano, Hyperliquid, Chainlink, Avalanche, Litecoin and Shiba Inu dropped to 5.5%, in a report and.“Bitcoin is about $ 107,000 while merchants weigh the next July 9 price decision,” said Vikram Subburaj, CEO of Giottus. “Despite the prudent nuance, the activity of derivatives suggests that the underlying perpetual financing rates.Liquidity data show a group of short positions close to $ 107,500, considered as a key inflection point. A breach could trigger pressure around $ 111,000.Riya Sehgal, research analyst at Delta Exchange, noted signs of short -term weakness despite Bitcoin who recently closed his highest monthly candle for all time. “The price structure has become fragile after June 30, with upper and lower stockings, and it is now negotiated below its simple moving averages of 21 and 51 days. The escape attempt of $ 108,000 failed, with immediate support from $ 106,800 to $ 106,500,” she said, as indicated and cited and.Ethereum hovered nearly its 21 -day SMA. A drop below SMA from 51 days to $ 2,466 could indicate additional consolidation.However, investors’ confidence seemed strong. On June 30, Bitcoin saw $ 102 million entries, BlackRock buying 1,040 BTC. Ethereum added $ 31.8 million in entries, Bloomberg assigning 95% approval ratings for ETFs linked to XRP, Solana and Litecoin.“Bitcoin’s current consolidation nearly $ 107,000 reflects a resumption of recent declines less than $ 100,000, supported by institutional demand and the accumulation of whales,” said Sathvik Vishwanath, co-founder and CEO of UNOCOIN. “A decisive eruption greater than $ 110,000 to $ 112,000 could propel the BTC to $ 125,000. The fact of not bursting could cause the $ 100,000 bar.”He added that FNB entries and the expectations of American Fed rate drops stimulate long -term bullish feeling, although geopolitical risks and short -term volatility are concerns.The Coindcx research team said Bitcoin continues to consolidate below the resistance with growing down pressure, while Ethereum loses momentum. “However, altcoins like XRP, BNB, Sol and Trx show a relative force,” noted the team.Bitcoin Cash and Algorand increased by more than 4%, while fatty penguins and four gained 3.3%and 2%respectively. Declining, SPX6900 fell by 11%, Maple Finance dropped by 9.4%and Dexe slipped by 8.5%.Despite the correction, the negotiation volumes were raised, up almost 20%.Among the main developments, American Bitcoin Corp., supported by the sons of Donald Trump and the mining company Hut 8, raised $ 215 million to acquire more bitcoin. Sparkassen Group of Germany has announced its intention to launch the cryptography trade for retail investors by mid-2026.The SEC in the United States recently recognized a modification of the conversion of the FNB of the large capitalization funds of Grayscale Digital. Bloomberg also reported growing FNB approval for the XRP, Sol and LTC spot.(Notice of non-responsibility: recommendations and opinions on the stock market and other asset classes given by experts are theirs. These opinions do not represent the views of the time of India)
