🚀 Crypto Market Pulse July 3: Bitcoin (BTC) Tests Resistance, Ethereum (ETH) Eyes Breakout, Solana (SOL) & Polkadot (DOT) Show Strength, Jupiter (JUP) & Cardano (ADA) in Play

Donald Trump’s Crypto Ventures Have Made Him $620M Richer

US President Donald Trump has reportedly added $620 million to his wealth, thanks to his connections with several ventures in the crypto industry. According to a report, Trump’s crypto holdings represented a sizable portion of his wealth, largely due to windfalls from his family-backed crypto venture, World Liberty Financial, and his personal TRUMP memecoin. However, a bulk of Trump’s net worth is consolidated in his media venture, Trump Media and Technology Group, and other real estate ventures. As of June, crypto accounted for only 9% of President Trump’s wealth.

Trump and his sons reportedly earned $390 million through token sales at World Liberty Financial. They also collectively own $2 billion in WLF tokens. World Liberty Financial also netted $100 million after a $2 billion deal, which saw the Abu Dhabi-based investment firm MGX use the USD1 stablecoin to settle an investment in Binance.

Nasdaq, S&P 500 Climb As Rate Cut Hopes Return

Nasdaq and the S&P 500 rose sharply, while the Dow Jones fell, on positive news about US trade deals and a weak labor market. The Dow Jones fell 40 points or 0.10% while the S&P 500 rose 0.33%. The tech-heavy Nasdaq registered the highest increase, rising 0.78%, with markets hopeful for a rate cut sooner than expected. Optimism about a rate cut increased after US President Donald Trump claimed he had reached a preliminary trade deal with Vietnam, stating that US imports to the country would be tariff-free and Vietnamese imports to the US would be subject to a 20% tariff. The US also plans to impose a 40% duty on transshipping to block tariff evasion by other countries.

Progress in trade talks increases the likelihood of a rate cut. Weak employment figures from payroll processing firm ADP contribute to this narrative. ADP data revealed that the private sector lost over 33,000 jobs in June, missing the expected rise of 100,000. If the weak job market persists, the Fed may cut interest rates, benefiting growth stocks like Tesla.

Malaysian Regulator To Ease Crypto Asset Listing Process

The Securities Commission of Malaysia (SC) is seeking public feedback on a proposal to allow crypto exchanges to list specific digital assets without obtaining explicit approval from the regulator. According to reports, the regulator is considering liberalizing the framework for listing digital assets meeting specific criteria on exchanges. The commission stated in an announcement,

“This aims to accelerate time-to-market, increase [crypto exchange] operator accountability and widen product offerings.”

Under the new rules, the exchange WOULD be accountable for its decision to list a specific asset. Listed assets must have undergone stringent security audits, with the results made publicly available. They must also have traded for at least one year on a Financial Action Task Force-compliant platform. The SC is also seeking industry input regarding certain assets that it considers high risk and whether they should be permitted for trading.

“The lack of transparency aspect in certain digital assets appeals to individuals involved in unlawful conduct, which may result in the increased risk of money laundering and terrorism financing.”

Coinbase Continues Shopping Spree, Acquires Token Management Platform Liquifi

Coinbase has completed the acquisition of Liquifi, a token management platform focused on early-stage tokenization projects. The acquisition is Coinbase’s fourth this year, coming shortly after its $2.9 billion acquisition of Deribit, one of the world’s largest crypto derivatives trading platforms, in May. Coinbase’s vice president of institutional product, Greg Tusar, stated,

“Acquiring Liquifi gives us best-in-class capabilities in token cap table management, vesting, and compliance, and positions Coinbase to support builders earlier in their journey.”

Tusar believes the acquisition will help Coinbase address the complexities of token launches by on-chain builders, including fragmented legal, tax, and compliance hurdles, regulatory obstacles, and more. Tusar added,

“We want to remove these barriers by providing both the product and the expertise to make token launches simple, compliant, and scalable. Liquifi solves these pain points by automating Core workflows while reducing token launch risk. This acquisition will enable us to partner more effectively with builders earlier in their lifecycle — before tokens are launched or listed.”

Ripple Seeks National Bank License

Ripple has applied for a national bank license in the US, a move that would bring the firm under federal and state regulatory oversight. Ripple CEO Brad Garlinghouse confirmed that the firm had formally applied for a national bank charter with the Office of the Comptroller of the Currency. The application has already been acknowledged by the regulator and is viewed as a significant step for the regulator as it seeks to deepen its role in the stablecoin sector in the US through its RLUSD token. Garlinghouse also revealed that Ripple had applied for a Federal Reserve Master Account through its subsidiary, Standard Custody.

Bitcoin (BTC) Price Analysis

Bitcoin (BTC) ROSE nearly 3% on Wednesday as market sentiment turned bullish. The flagship cryptocurrency is pushing towards $110,000, having crossed $109,000 during the ongoing session. Macro catalysts are stacking up, with a mix of high-volume flows, geopolitical headlines, and ETF tailwinds pushing BTC higher. BTC added nearly $2,900 to its value on July 2, rising from $106,300 to $109,700 before settling around $109,600. The jump was backed by a sharp increase in trading volume, which rose to $52.6 billion. The spoke places BTC less than 3% shy of its all-time high of $111,970. The jump in volume indicates buyers are committing capital to BTC, which accounted for 45% of all trading activity on Wednesday.

BTC’s latest rally coincides with a rare convergence of liquidity, policy expectations, and shifting investor behavior. Standard Chartered reiterated its prediction for BTC to hit $135,000 by Q3 and $200,000 by the end of the year, citing a “new flow regime.” According to the bank’s global head of research, Geoffrey Kendrick, ETF inflows, corporate treasury buys, and sovereign accumulation are dominant price drivers during the current market. Institutional investors added 245,000 BTC in Q2, with several public companies increasing their Bitcoin holdings. Analysts expect the demand to accelerate through Q3 and Q4, as passive ETF allocations deepen.

Technical indicators suggest a major breakout is underway, as the flagship cryptocurrency sets its sights on a new all-time high.

BTC traded in the red the previous weekend, dropping 1.17% on Saturday and plunging below $100,000 on Sunday as selling pressure intensified. The price fell to an intraday low of $98,385 before recovering to reclaim $100,000 and end the weekend at $100,985. Bullish sentiment returned on Monday as BTC rallied, rising over 4% to reclaim $105,000 and settle at $105,443. Buyers retained control on Tuesday as the price rose 0.66%, crossing the moving averages and $106,000 to settle at $106,137. BTC continued pushing higher on Wednesday, rising 1.19% to cross $107,000 and settle at $107,397. Despite the positive sentiment, BTC lost momentum on Thursday, registering a marginal decline to slip below $107,000 and settle at $106,980.

Source: TradingView

BTC recovered to register marginal increases on Friday and Saturday, reclaiming $107,000 and settling at $107,339. BTC continued pushing higher on Sunday, rising almost 1% to cross $108,000 and settle at $108,350. However, it lost momentum on Monday, dropping 1.09% to $107,167. Sellers retained control on Tuesday as the price fell 1.33%, slipping below $106,000 and settling at $105,742. Bullish sentiment returned on Wednesday as BTC rallied, rising nearly 3% to reclaim $108,000 and settle at $108,845, but not before reaching an intraday high of $109,792. BTC is up 0.68%, having crossed $109,000 and trading at $109,536.

Ethereum (ETH) Price Analysis

Bullish sentiment returned after ethereum (ETH) recovered on Tuesday after dropping to a low of $2,389. The world’s second-largest cryptocurrency made a strong recovery on Wednesday, rising nearly 7% to cross the 20, 50, and 200-day SMAs, reclaim $2,500, and settle at $2,572 after briefly crossing $2,600. Buyers have retained control during the ongoing session, with ETH up 1% as it looks to surpass $2,600.

ETH was exhibiting limited upward momentum as it struggled to cross $2,500. However, whale accumulation continued, even though retail traders chose to sit on the sidelines. A CryptoQuant analyst described ETH’s price action earlier in the week as a “deadlock,” stating that it was witnessing accumulation by large holders. However, retail investors remained on the sidelines, registering little to no activity. According to CryptoQuant, this created a state of stagnation rather than upward momentum. However, price action has picked up over the past two sessions, with ETH up over 8% as it eyes $2,600.

ETH traded in the red over the previous weekend, dropping 4.56% on Saturday and nearly 3% on Sunday, as it fell to a low of $2,119 before reclaiming $2,200 and settling at $2,229. Bullish sentiment returned on Monday as ETH rallied, rising over 8% to reclaim $2,400 and settle at $2,413. Buyers retained control on Tuesday as the price rose 1.51% and settled at $2,450. The price lost momentum on Wednesday, falling 1.26% to $2,419. ETH raced to an intraday high of $2,531 on Thursday but lost momentum after reaching this level. As a result, it fell to $2,415, ultimately registering a marginal decline.

Source: TradingView

ETH recovered to register marginal increases on Friday and Saturday, rising 0.34% and 0.57% to settle at $2,437. Bullish sentiment intensified on Sunday as the price rose 2.57% and settled at $2,500. ETH lost momentum on Monday, starting the week in the red, falling 0.55% to $2,486. Sellers retained control on Tuesday as the price dropped over 3%, slipping below the 20-day SMA and settling at $2,407. Bullish sentiment returned on Wednesday as ETH rallied, rising nearly 7% to cross the moving averages and $2,500 to settle at $2,572. The current session sees ETH up almost 1% as it looks to reclaim $2,600.

Solana (SOL) Price Analysis

Solana (SOL) is back in bullish territory after a substantial decline on Tuesday, falling over 5% to $147. SOL’s recovery has seen it reclaim $150 and move to $155. Meanwhile, the US’s first solana staking ETF ended its first day with $12 million in inflows, a significantly positive sign for crypto staking-enabled ETFs. The REX-Osprey Solana Staking ETF debuted on the Cboe BZX Exchange on Wednesday, recording $33 million in trading volume and $12 million in inflows. The fund exposes investors to SOL along with staking yields, making it the first crypto staking ETF to be approved in the US. Bloomberg ETF analyst James Seyffart stated,

“First spot Solana staking ETF is officially live. Healthy start to trading for a new ETF with ~$8 million in trading in the first 20 min.”

The analyst also commented on the ETF’s impressive first-day volumes, stating it “blows away Solana futures ETF and XRP futures ETFs. Anchorage Digital co-founder Nathan McCauley stated,

“The launch of crypto staking ETFs is a defining moment for digital assets and a significant step forward in full access to the crypto ecosystem.”

SOL has been trading in an upward trajectory since the beginning of the previous week, but traded in the red on Saturday and Sunday, dropping 3.30% and 2.67% and settled at $131. It rebounded on Monday, surging nearly 10% to reclaim $140 and settle at $144. Buyers retained control on Tuesday as the price rose almost 1% to $145. Despite the positive sentiment, SOL lost momentum on Wednesday, falling 1.62% to $143. Sellers retained control on Thursday as the price fell over 3%, slipping below $140 and settling at $139.

Source: TradingView

Despite the selling pressure, SOL recovered on Friday, rising 2.21% to reclaim $140 and settle at $142. Bullish sentiment intensified on Saturday as the price surged over 6%, crossing the 20-day SMA and settling at $150. Buyers retained control on Sunday as SOL rose nearly 2% to end the weekend at $153. SOL faced selling pressure and volatility on Monday as sellers attempted to overwhelm buyers. However, buyers gained the upper hand and the price rose 1.02% to $154. SOL crashed over 5% on Tuesday, falling more than 5% to slip below $150 and settle at $147. Bullish sentiment returned on Wednesday as SOL rose nearly 4% to reclaim $150 and settle at $152. The current session sees SOL up over 2%, trading around $156.

Polkadot (DOT) Price Analysis

Polkadot (DOT) registered a sharp decline the previous weekend as bearish sentiment intensified, falling 4.07% on Saturday and 4.55% on Sunday to settle at $3.15. The price recovered on Monday, rising nearly 9% to $3.42. Buyers retained control on Tuesday as DOT registered a marginal increase and settled at $3.44. However, it lost momentum on Wednesday, falling 2.33% to $3.36. Sellers retained control on Thursday as the price fell over 2% and settled at $3.29.

Source: TradingView

Despite the selling pressure, DOT recovered on Friday, rising almost 2% to $3.35. Price action remained positive over the weekend, increasing 1.79% on Saturday and 3.52% on Sunday to cross $3.50 and settle at $3.52. DOT lost momentum on Monday, dropping nearly 4% to $3.40 as it started the week in the red. Sellers retained control on Tuesday as the price fell 3.53% and settled at $3.28. Bullish sentiment returned on Wednesday as DOT rallied, rising over 8% to cross the 20-day SMA and settle at $3.55. The current session sees DOT up over 2%, trading around $3.63.

Jupiter (JUP) Price Analysis

Jupiter (JUP) plunged to an intraday low of $0.326 on Sunday as selling pressure peaked. However, it recovered from this level to settle at $0.345, ultimately registering a drop of almost 4%. JUP started the previous week on a bullish note, surging over 17% to cross $0.40 and settle at $0.404. Buyers retained control on Tuesday as the price rose 3.49% and settled at $0.418. JUP lost momentum on Wednesday, falling over 2% to $0.410. The price continued falling on Thursday, dropping almost 4%, slipping below $0.40, and settling at $0.393.

Source: TradingView

JUP recovered on Friday, rising over 3% to reclaim $0.410 and settle at $0.405. Bullish sentiment intensified on Saturday as the price surged over 11%, crossing the 20-day SMA and settling at $0.405. The price continued pushing higher on Sunday, rising over 3% to $0.459. Despite the positive sentiment, JUP started the week in the red, dropping 1.28% to $0.459. Selling pressure intensified on Tuesday as the price fell 7.55% and settled at $0.425. JUP recovered on Wednesday, rising nearly 8% to $0.453. The current session sees JUP up almost 5%, trading at $0.474.

Cardano (ADA) Price Analysis

Cardano (ADA) has traded in a wide range since June 20, with the price oscillating between $0.511 and $0.608. ADA ended the previous weekend in the red, dropping nearly 3% to $0.541. It rebounded from this level, rising almost 8% on Monday to settle at $0.584. The price continued pushing higher on Tuesday, rising to $0.588, but lost momentum on Wednesday, falling 3.57% and settling at $0.567. Sellers retained control on Thursday as ADA fell 2.29% to $0.554.

Source: TradingView

Despite the overwhelming selling pressure, ADA recovered on Friday, rising 0.90% to $0.559. Buyers retained control over the weekend as the price rose 1.25% on Saturday and more than 2% on Sunday to settle at $0.578. ADA started the current week in the red, dropping 1.04% after facing considerable volatility and settling at $0.572. Bearish sentiment intensified on Tuesday as the price fell over 5% to $0.543. ADA rebounded on Wednesday, rising nearly 8% to $0.585. The current session sees ADA up almost 4%, having crossed $0.60 and trading at $0.606.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

By:

KuCoin Futures Soars to 4th Place Globally in CoinGlass’ Derivatives Rankings

🚀 4 Altcoins Primed for a 95% Explosion Post-ETF Approval