Bitcoin

BTC $108,091.03

Bitcoin posted its highest-ever weekly close at nearly $110,000 on Sunday, defying potential headwinds such as dormant whale wallets moving $8 billion in BTC, renewed tariff drama, and thin holiday liquidity.

By Tuesday, the asset held steady just under $108,000 after a brief sell-off on Monday night. Major crypto assets experienced profit-taking; Solana (SOL) lost 2.3% to $149, while Dogecoin (DOGE) fell 4.1%. Ether (ETH) hovered near $2,530, and XRP was around $2.26.

In broader markets, Asian equities wobbled but avoided a selloff after President Donald Trump signaled openness to resume trade talks, postponing fresh tariffs until at least August 1.

The MSCI Asia-Pacific index traded flat despite new levies in Korea and Japan. Risk appetite improved as the yen softened, the won rallied, and the euro gained on reports of a potential EU deal.

> “Markets are hovering around record highs again,” said Augustine Fan, Head of Insights at SignalPlus.
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> “Earnings season kicks off this week, and sentiment is driven by hope that CEOs guide positively, especially after last quarter’s sudden tariff headlines.”

Crypto continues to closely track equities, with BTC-SPX correlation near local highs. Fan noted that unless volatility increases, we’re likely looking at “a hot but quiet summer,” though unexpected breakouts may still occur.

Meanwhile, at least one trader anticipates a break of Bitcoin’s record high of $112,000 in the coming weeks.

> “Bitcoin is well-positioned to break its previous high in July, with potential upside toward $120,000 by month-end. Institutional demand and consistent ETF inflows continue to reinforce bullish momentum,” stated Ryan Lee, chief analyst at Bitget Research, to CoinDesk.
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> “Ethereum is also gaining strength, aided by sustained whale accumulation and renewed optimism under a crypto-friendly U.S. administration. ETH could test $3,000 by the end of July, although market volatility remains a concern,” Lee added, mentioning that the anticipated Fed rate cut in September may act as a further catalyst.

Read more: Bitcoin Traders Chase $130K Bets in Anticipation of Renewed Bullish Volatility