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Solana has struggled to maintain its recent recovery, falling more than 6% over the past week and trading around $77. Despite the price weakness, several analysts believe the current wave of pessimism could create the conditions for a strong rebound.

According to Santiment, Solana is experiencing its highest level of negative sentiment in 2026, while trading activity has dropped to its lowest level of the year.

Extreme Bearish Sentiment Could Signal a Reversal

Much of the disappointment stems from expectations that growing interest in tokenized stocks and real world asset (RWA) projects would translate into stronger price gains for Solana. So far, those expectations have not been met.

Santiment noted that periods marked by widespread fear, uncertainty, and doubt combined with subdued trading volume have often preceded market recoveries. With retail traders becoming increasingly pessimistic and participation fading, the market may be more vulnerable to a sharp upside move if large investors begin accumulating again.

The analytics platform suggested that reduced selling pressure from retail participants could allow a relatively small shift in demand to trigger an unexpected rally.

Technical Indicators Turn More Optimistic

On-chain activity has remained encouraging despite the weak price action. The Solana network added approximately 1.6 million new addresses over the past two weeks, signaling continued user growth.

Meanwhile, analyst Ali Martinez highlighted that the SuperTrend indicator on Solana’s three day chart has generated its first buy signal since October 10, 2025, after the Average True Range trailing stop moved below the price.

Martinez noted that the previous SuperTrend sell signal preceded a 74% correction, while the latest signal suggests bullish momentum may be returning, with a potential move toward $100.

Crypto analyst Michaël van de Poppe also observed that Solana has reentered its previous trading range. He believes the asset could experience a brief pullback before continuing higher, adding that maintaining support between $75 and $77 could pave the way for gains toward $100 and possibly $120 in the weeks or months ahead.

$78 Remains the Critical Breakout Level

Another analyst, Dami Defi, pointed to a possible breakout as Solana tests the upper boundary of a descending channel that has contained price action since September 2025.

According to the analyst, a three day close above $78 would confirm the breakout and could initially propel SOL toward $105. If bullish momentum strengthens, the rally could extend to $125 and eventually $155.

However, the bullish outlook would be invalidated if Solana closes below $72 on the three day timeframe. The analyst also emphasized that stronger trading volume would be needed to confirm any sustained breakout.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin may be approaching the final phase of its current bear market, but on-chain data suggests a confirmed recovery has yet to materialize. Although the leading cryptocurrency has climbed from around $57,800 to nearly $63,000 over the past week, it continues to trade below two important valuation benchmarks: the True Market Mean at approximately $76,600 and the Short-Term Holder Cost Basis near $72,200.

According to Glassnode, this places Bitcoin firmly in what it describes as a “deep value” zone.

Bitcoin Still Searching for a Bottom

Bitcoin has now spent roughly five months below both valuation levels, making this one of the longest discount periods on record. Historically, similar stretches have coincided with the formation of major market bottoms as investors accumulated coins at prices below the average acquisition cost of both recent buyers and the broader active market.

Even so, Glassnode cautioned that another leg lower remains possible, with the Realized Price near $53,000 representing a potential downside target.

The report identified long-term holders as the primary source of current selling pressure. Since early February, the proportion of realized losses attributed to this group has climbed from 15% to 43%, making their capitulation the dominant force weighing on the market.

Many of these investors entered near the cycle highs and, after holding through months of declining prices, are now beginning to exit their positions.

Glassnode noted that this persistent selling has prevented Bitcoin from breaking above the upper end of its recent trading range. On a 30-day moving average, realized losses from long-term holders have reached roughly $280 million per day, the highest level since December 2022 and the second-largest capitulation event of the current bear market.

Unlike the previous wave of selling, however, this one has yet to show signs of easing. Glassnode believes a meaningful decline in realized losses will likely be necessary before a sustainable bullish trend can emerge.

Institutional Demand Remains Soft

Off-chain indicators also point to continued weakness in institutional participation.

The 30-day average of net flows into U.S. spot Bitcoin ETFs has remained negative since mid-May. Although average daily outflows have slowed from around $193 million in early June to approximately $88.9 million, institutions are still reducing exposure overall.

Trading activity has also remained subdued, with daily ETF volumes ranging between $650 million and $950 million, nearly 80% below the $4.4 billion daily peak recorded in October 2025.

Glassnode said stronger trading volumes and a return to neutral or positive ETF inflows would provide stronger evidence that institutional demand is recovering.

Options Traders Continue to Hedge Against Downside

Derivatives markets present a more mixed outlook.

The options put-to-call ratio has dropped to 0.56, its lowest reading this year, while perpetual futures funding rates suggest traders have gradually rebuilt long positions after previously reducing risk.

Despite that improvement, options traders continue to position defensively.

Glassnode noted that downside protection remains expensive across all option maturities, indicating investors are still willing to pay a premium to hedge against further declines. A sharp increase in short-term hedging activity toward the end of June marked the most defensive positioning since February’s market selloff.

Bitcoin is also trading about 6% below the options market’s aggregated max pain level of approximately $66,000, the price where the largest number of outstanding options would expire worthless. Historically, Bitcoin’s spot price has often gravitated toward this level as options expiration approaches, making it another closely watched level for traders.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

PayPal’s dollar backed stablecoin, PYUSD, is now live on the Polygon network following a native issuance by Paxos. The integration enables businesses to send, receive, and settle cross border payments using Polygon’s Open Money Stack without relying on multiple payment providers.

Companies already operating on Polygon can immediately access PYUSD through the wallets, fiat on and off ramps, and compliance tools they already use.

Businesses Gain a Unified Payment Infrastructure

According to an announcement shared with CryptoPotato, businesses can now accept payments from bank accounts, debit and credit cards, or cryptocurrency exchanges, convert those funds into PYUSD, transfer them internationally, and withdraw them in local currencies through a single integrated platform.

Polygon Labs said the new setup simplifies stablecoin adoption by reducing development requirements, cutting operational costs, and eliminating the need to manage multiple third party service providers.

The company noted that its network has already processed more than $2.6 trillion in stablecoin transactions and is used by major firms including Revolut and Stripe.

The integration is expected to benefit payroll providers paying international contractors, online marketplaces settling with global merchants, and remittance platforms sending funds to emerging markets.

For end users, the system promises faster settlements, fewer failed transactions, quicker access to local currencies, and lower costs compared with traditional cross border banking.

Regulated Stablecoin Meets Scalable Infrastructure

PYUSD is issued by Paxos under a national trust charter regulated by the Office of the Comptroller of the Currency (OCC).

Commenting on the launch, Polygon Labs CEO Marc Boiron said the integration allows businesses to receive payments, move funds across borders, and convert them into local currencies through a single compliant infrastructure.

He added that combining a federally regulated stablecoin with payment infrastructure already operating at scale shifts the conversation from whether stablecoin payments are viable to how businesses can build new financial products and services around them.

Polygon Strengthens Stablecoin Strategy

The rollout comes as Polygon Labs continues to expand its focus on regulated stablecoin payments.

Earlier this year, the company announced agreements to acquire Coinme and Sequence in deals valued at more than $250 million. The acquisitions are designed to strengthen Polygon’s payment infrastructure and accelerate the adoption of compliant digital money solutions.

Through Coinme, Polygon also significantly expanded its footprint in the United States by gaining access to operations across 48 states through money transmitter licenses, regulatory compliance infrastructure, crypto as a service capabilities, licensed wallet technology, enterprise APIs, and a retail network of roughly 50,000 locations.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Longtime Bitcoin critic Peter Schiff believes many BTC investors are underestimating the implications of Strategy’s recent decision to sell part of its Bitcoin holdings, arguing that the move could reshape market sentiment toward the cryptocurrency.

Speaking on his YouTube podcast on July 9, Schiff discussed a range of topics, from geopolitical tensions to cryptocurrency markets, but devoted particular attention to Michael Saylor’s Strategy and its recent Bitcoin sale.

Schiff Says Strategy Was Bitcoin’s Biggest Support

According to Schiff, Strategy’s aggressive Bitcoin accumulation over the years played a critical role in supporting prices and strengthening institutional confidence in the asset.

He argued that many Bitcoin supporters fail to recognize how influential the company has become.

“Bitcoiners are delusional right now, or in denial about what’s happening with Strategy.”

Schiff maintained that Strategy’s consistent buying created a reliable source of demand that helped establish a price floor while also encouraging broader acceptance of Bitcoin within traditional finance.

The Sale Could Shift Market Psychology

Schiff believes the bigger issue is not the financial loss Strategy incurred but the message the sale sends to investors.

The company recently sold 3,588 BTC for approximately $216 million after acquiring those coins at significantly higher prices, resulting in a substantial realized loss. In Schiff’s view, the fact that Strategy has shifted from buying to selling is what could have the greatest impact on market psychology.

He suggested the firm may continue reducing its Bitcoin exposure to strengthen its cash position and support future dividend obligations.

Schiff also pointed to the performance of Strategy’s preferred shares, which have struggled despite an increase in dividend yield, arguing that this reflects declining investor confidence.

Analysts See the Move Differently

Not everyone shares Schiff’s bearish outlook.

Zach Pandl, Head of Research at Grayscale, recently argued that the transaction could actually strengthen confidence in Strategy’s financial position rather than undermine Bitcoin’s long-term prospects. He noted that the company still holds roughly $53 billion worth of Bitcoin against about $7 billion in debt, while its cash reserves have grown to approximately $2.55 billion, enough to cover around 17 months of dividend payments.

HashKey Group Senior Researcher Tim Sun echoed a similar view, suggesting that a reduced pace of purchases by Strategy could ultimately allow Bitcoin to establish a healthier and more sustainable price floor driven by organic market demand instead of leverage fueled buying.

Meanwhile, Bitwise Chief Investment Officer Matt Hougan believes Strategy’s influence as Bitcoin’s primary corporate buyer may gradually diminish, with major financial institutions such as Morgan Stanley and Wells Fargo potentially becoming the next significant sources of institutional demand.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin has recovered roughly $5,000 since falling below $58,000 on July 1, but the asset continues to struggle with a weak market structure that has repeatedly capped every meaningful breakout attempt.

Several headwinds continue to weigh on the world’s largest cryptocurrency. Here are five of the biggest factors limiting Bitcoin’s upside.

1. Rising Geopolitical Tensions

Renewed conflict between the United States and Iran has once again rattled financial markets. After both countries resumed military strikes, President Donald Trump said during a NATO meeting that he believes the memorandum of understanding between the two nations is no longer in effect.

Fresh attacks followed shortly afterward, although Trump later claimed Iran had resumed contact and was eager to negotiate a peace agreement. Similar statements have surfaced several times this year, but no lasting resolution has been reached, leaving investors cautious.

2. Federal Reserve Policy

Another major obstacle is the Federal Reserve’s continued hawkish stance. Policymakers have shown little interest in cutting interest rates, while recent reports suggest that some officials are even considering additional rate hikes at upcoming FOMC meetings.

Concerns over rising oil prices and persistent inflation, partly fueled by geopolitical instability, have strengthened the case for tighter monetary policy. Higher interest rates typically reduce investor appetite for risk assets such as Bitcoin and other cryptocurrencies.

3. Strategy’s Recent Bitcoin Sales

Bitcoin has also lost support from one of its most prominent corporate holders. After years of consistently expanding its Bitcoin reserves, Michael Saylor’s Strategy has sold Bitcoin twice in recent months.

The latest transaction, announced earlier this week, involved more than 3,500 BTC and raised concerns among investors, as Strategy has long been viewed as one of the strongest institutional supporters of the asset.

4. Weak Spot ETF Demand

Spot Bitcoin ETFs have also experienced a significant slowdown. Over the past two months, cumulative net flows have declined by more than $8 billion, with one trading week alone recording over $1.5 billion in outflows.

Although the funds have returned to positive inflows in three of the past four trading sessions, demand remains far below previous levels. A sustained recovery in ETF buying would likely be needed to improve Bitcoin’s overall market outlook.

5. Coinbase Premium Remains Negative

Another closely watched indicator continues to signal weak demand from U.S. investors. The Coinbase Bitcoin Premium Index, which measures the price difference between Bitcoin on Coinbase and global exchanges, has remained in negative territory for more than 50 consecutive days.

A positive reading typically indicates stronger buying activity in the United States, while a negative value points to weaker domestic demand.

According to data shared by Wu Blockchain, this marks the longest negative streak on record. The previous record lasted 40 days between January 16 and February 24, 2026. After the index turned positive, Bitcoin rallied from around $64,000 to $76,000 in roughly a month, highlighting the importance of renewed U.S. buying interest.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

MemeCore suffered another sharp decline over the past 24 hours, while Bitcoin continued hovering near the crucial $63,000 level. Among the major gainers, ARB and SKY outperformed the broader market with gains of roughly 9% each.

Bitcoin Holds Near Key Resistance

Bitcoin experienced another relatively quiet trading session, briefly slipping below $62,000 before rebounding by more than $1,000. The recovery, however, stalled just above $63,000, leaving the asset trading close to that key resistance level.

After opening the month with a steep drop below $58,000, its lowest level in nearly two years, Bitcoin quickly regained momentum, climbing back above $60,000 before reaching $63,000 over the weekend. The rally continued into the start of the week, lifting the cryptocurrency to $64,000.

Momentum faded after a larger Bitcoin sale by Strategy triggered a sharp pullback to around $61,200. Buyers stepped in at that level, driving another rebound that briefly pushed BTC to $64,600 before sellers regained control.

Another decline followed on Wednesday, sending Bitcoin to roughly $61,600. Since then, the asset has recovered more than $1,000. Although it failed to sustain a move above $63,200, it remains near $63,000 and is posting modest daily gains.

Bitcoin’s market capitalization has risen to approximately $1.26 trillion, while its dominance over the altcoin market remains steady at 56.5%.

MemeCore Slides While ARB and SKY Lead Gains

Most large cap altcoins recorded limited price movement over the past day. Ethereum continues to trade near $1,750, BNB remains above $570, and XRP is attempting to hold support around $1.10. Solana, Hyperliquid (HYPE), Bonk (BONK), Zcash, and Stellar posted modest losses, while Chainlink, TRON, and Dogecoin edged slightly higher.

ARB and SKY emerged as the strongest performers, each climbing about 9% to trade near $0.085 and $0.058, respectively.

On the downside, MemeCore recorded the steepest decline among major tokens, falling 19% to around $1.21. BEAT and Jupiter also posted notable losses, each dropping between 5% and 6%.

The total cryptocurrency market capitalization has recovered to approximately $2.24 trillion.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin continues to trade in a narrow range, with analysts pointing to $63,000 as the critical level bulls must reclaim before any meaningful upside can begin.

The leading cryptocurrency remained under pressure this week after renewed military exchanges between the United States and Iran rattled financial markets. Investor sentiment weakened further after President Donald Trump declared that the memorandum of understanding and ceasefire with Iran had effectively come to an end.

The uncertainty briefly dragged Bitcoin close to $60,000 on Tuesday before it recovered slightly to trade just above $62,000 by Thursday.

$63K Remains the Key Test

Crypto analyst Ali Martinez said Bitcoin is currently trading in what he described as “no man’s land” based on the MVRV Pricing Bands. According to his analysis, the asset sits between the negative 0.5 and negative 1.0 MVRV bands, suggesting there is no clear valuation edge at current levels.

Martinez identified the negative 1.0 MVRV band, currently around $49,867, as the level that would represent a strong buying opportunity and an attractive accumulation zone if Bitcoin were to fall that far.

In another analysis, Martinez highlighted $63,000 as Bitcoin’s most significant resistance. Approximately 623,000 BTC previously changed hands around that price, creating one of the largest supply clusters on the chart. Investors who bought near $63,000 may be inclined to sell once they recover their losses, increasing selling pressure. Ongoing geopolitical uncertainty could also prompt traders to reduce their exposure to risk.

Should Bitcoin fail to reclaim $63,000 and later slip below $59,000, Martinez said on chain data points to the next major support around $46,000, where roughly 115,000 BTC were transacted. Below that, another important support level sits near $37,870, where about 206,000 BTC previously changed hands.

War Concerns Drive Market Anxiety

Geopolitical tensions have also dominated crypto discussions online. According to Santiment, conversations about war across crypto focused social media have reached their highest level since April following Trump’s latest remarks. Mentions of terms including “war,” “Iran,” and “ceasefire” have surged, reflecting growing uncertainty among traders.

Santiment believes market volatility could remain elevated until investors receive clearer signals on the geopolitical situation. Even so, the firm noted that traders have become increasingly skeptical of political headlines throughout 2026, which may reduce the market’s reaction compared with similar events earlier this year.

If tensions continue to escalate, Bitcoin and the broader crypto market could remain under short term pressure. However, an extreme spike in fear could eventually create the conditions for a strong relief rally once uncertainty begins to fade.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Ethereum cofounder Joseph Lubin says momentum is building around the network’s long term prospects, even as Ether continues to struggle in the market and investor sentiment remains cautious.

In a post on Wednesday, the Consensys founder described the current period as the “Summer of Ethereum Love,” pointing to the emergence of independent organizations working to expand Ethereum’s ecosystem alongside the Ethereum Foundation.

Institutional Interest Continues to Grow

Lubin said newly launched groups such as Ethlabs are helping accelerate Ethereum’s development through parallel initiatives while preserving the network’s neutrality and decentralization.

He highlighted Ethereum’s uninterrupted 11 year operating history, censorship resistance, permissionless design, and global neutrality as qualities that make it attractive to corporations and governments building blockchain based infrastructure.

According to Lubin, an increasing number of major financial institutions are recognizing Ethereum’s long term value proposition and choosing the network as the foundation for their blockchain initiatives.

His comments followed a statement from SharpLink Chief Executive Officer Joseph Chalom, who said Ethereum is entering a new phase of institutional growth as organizations focused on infrastructure, adoption, and commercialization continue to emerge.

Recent launches such as Ethlabs and Ethereum Institutional, both supported by Ethereum Foundation developers and companies holding significant Ether reserves, have reinforced that narrative.

Market Sentiment Remains Divided

Despite growing optimism among industry leaders, traders remain far less convinced.

CryptoQuant analyst Darkfost said the market is currently experiencing significant uncertainty, with Ethereum caught between improving long term fundamentals and persistent macroeconomic risks.

The analyst pointed to ongoing tensions between the United States and Iran, along with expectations that the Federal Reserve could raise interest rates later this year, as factors keeping investors on edge.

According to Darkfost, even relatively small market movements have been enough to trigger waves of selling, including the recent decline that briefly pushed Ether toward the $1,500 level.

However, exchange flow data also shows a divided market. While some investors have been selling in response to heightened uncertainty, others have been using the pullback as an opportunity to accumulate additional ETH.

Ether Struggles to Break Higher

Selling pressure has continued over the past day, with Ether falling about 1.8% to approximately $1,720 during Thursday’s Asian trading session.

The cryptocurrency has attempted to break above the $1,800 level three separate times this week but has been rejected on each occasion. As a result, ETH has returned to its weekly lows and risks falling below $1,700 if broader market sentiment fails to improve.

From a longer term perspective, Ether remains roughly 65% below its all time high, keeping the asset deep within bear market territory.

Market analyst Cryptollica argued that Ethereum’s prolonged consolidation should not necessarily be interpreted as continued weakness. Instead, the analyst described the current price action as a period of late stage compression following years of failed recovery attempts and weakening sentiment.

According to Cryptollica, if current support levels hold, Ethereum’s next major move could catch many market participants by surprise.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

More than three weeks after the release of the XRP Ledger’s latest software update, adoption continues to increase, but most network nodes are still running an older version of the software.

According to XRPScan, only 357 of the network’s 828 nodes, representing about 43%, have upgraded to version 3.2.0. Meanwhile, 426 nodes, or roughly 51%, continue to operate on version 3.1.3.

New Update Brings Performance and Security Improvements

Version 3.2.0 introduces several notable enhancements to the XRP Ledger infrastructure. One of the most visible changes is the renaming of the network’s core server software from rippled to xrpld.

The release also delivers performance improvements aimed at institutional users by lowering operational costs and reducing memory consumption across nodes by an estimated 30% to 40%.

In addition, the update strengthens network security, improves the developer experience, and enhances overall efficiency. These improvements build on the maintenance update released in late May, which introduced bug fixes and upgrades for permissioned domains and vault functionality in version 3.1.3.

Validator Adoption Nears Activation Threshold

Although a majority of nodes have not yet migrated to the latest release, adoption among validators has progressed much further.

Approximately 61% of XRPL validators operating on rippled based software have already upgraded to version 3.2.0. More importantly, 89% of the network’s Unique Node List, the trusted group of validators responsible for reaching consensus, is now running the new software.

The XRP Ledger requires at least 80% of Unique Node List validators to support a software version before network upgrades can be activated. With 31 of the 35 trusted validators already using version 3.2.0, the required threshold has been exceeded, meaning the network now considers the update sufficiently adopted. Remaining nodes are expected to upgrade over time.

Security Amendment Still Awaiting Approval

While the software rollout continues, the network is also voting on an amendment known as fixCleanup3_2_0, which includes several security and maintenance improvements tied to the latest release.

The amendment has not yet received enough support to be activated. It requires approval from at least 28 of the 35 Unique Node List validators, but only 17 have voted in favor so far, representing approximately 48.6% of the trusted validator set.

If approved, the amendment will introduce fixes affecting single asset vaults, the lending protocol, multipurpose tokens, permissioned domains, and permissioned decentralized exchanges.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

The US Securities and Exchange Commission has released its 2026 Regulatory Agenda, outlining 38 proposed rulemaking initiatives that place cryptocurrency regulation and public market reforms among the agency’s top priorities.

The proposals are designed to simplify compliance for digital asset businesses, establish clearer rules for blockchain based financial products, and reduce regulatory burdens for companies seeking to go public.

Crypto Regulation Takes Center Stage

Among the key proposals is an expansion of the definition of a qualified custodian to provide firms handling tokenized assets with clearer regulatory guidance.

The SEC is also considering a safe harbor framework for early stage crypto projects that would give developers a defined period to build, test, and launch tokenized products under more flexible compliance requirements before becoming subject to the full regulatory framework.

In addition, the agency is reviewing financial responsibility and recordkeeping requirements for broker dealers that custody digital assets. The proposed changes aim to replace rules originally designed for traditional securities with standards better suited to cryptocurrencies and tokenized assets.

The agenda also includes proposed amendments to the regulatory framework governing cryptocurrency trading on alternative trading systems, with the goal of modernizing oversight as digital asset markets continue to evolve.

IPO Rules Could Become More Business Friendly

Beyond crypto, the SEC plans to make it easier and less expensive for companies to access public markets.

Proposed reforms include updating corporate disclosure requirements and expanding eligibility for simplified registration processes, measures the agency believes could encourage more domestic initial public offerings.

Atkins Highlights Innovation and Investor Protection

SEC Chair Paul Atkins said the commission has made significant progress during the first year of his leadership and remains committed to supporting President Donald Trump’s objective of making the United States a global leader in the cryptocurrency industry.

According to Atkins, the agency is working to create clear regulatory standards for raising capital through crypto assets while providing greater certainty around the custody and trading of tokenized securities on blockchain networks.

He emphasized that investor protection will remain a core priority and said the SEC will continue enforcing securities laws while giving businesses the confidence to develop and expand innovative products within the United States.

Proposals Enter Public Review

The proposed rules have not yet been adopted and will now move into the public comment process before the commission considers final approval later this year.

Separately, progress on the CLARITY Act has slowed. Although the legislation passed the House in 2025 and cleared the Senate in May, it missed its anticipated July 4 signing deadline and is now awaiting a full Senate floor vote. Lawmakers face a narrow window to advance the crypto market structure bill before Congress begins its August recess.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic