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Bitcoin staged a strong recovery this week, climbing from near $58,000 to almost $62,000 as market sentiment improved and ETF inflows returned. Altcoins also joined the rebound, helping the broader crypto market recover after weeks of heavy selling pressure.

While July is just beginning, the past week delivered much-needed relief for investors, even though overall market sentiment remains cautious.

Bitcoin Finds Support and Recovers

At the start of the week, Bitcoin was still struggling near the $60,000 level following June’s sharp correction. Weekend trading remained mostly sideways, with neither bulls nor bears taking clear control.

Momentum shifted early in the business week. Bitcoin initially attempted to push higher but faced resistance around $60,700, triggering another wave of selling.

The sharpest decline came on Tuesday, when Bitcoin fell alongside broader risk markets, including the S&P 500, Nasdaq Composite, and major tech stocks. BTC dropped below $59,000 and briefly touched the $58,000 region on some exchanges, marking its weekly low.

That support level held firmly.

Bitcoin quickly recovered above $60,000 and later rallied toward $62,000 as buyers returned. The rebound gained momentum after spot Bitcoin ETFs recorded fresh inflows following a prolonged period of outflows.

Altcoins Join the Recovery

The broader crypto market also posted strong gains.

Ethereum rebounded sharply and climbed back toward $1,700, while Solana emerged as one of the week’s top performers with double-digit gains.

Other major altcoins including XRP, Dogecoin, Cardano, Stellar, and HYPE also moved higher, helping total crypto market capitalization recover some of last month’s losses.

Major Headlines This Week

The week also brought several significant developments across the crypto industry.

Donald Trump’s latest financial disclosure revealed that he holds more than $50 million in Bitcoin, sparking renewed discussion around political involvement in crypto.

Meanwhile, Securitize made its New York Stock Exchange debut and introduced tokenized shares on Solana and Avalanche.

Institutional adoption also advanced as Standard Chartered became the first major global bank to offer direct USD Coin minting and redemption services for institutional clients through a partnership with Circle in Dubai.

At the same time, competition in the stablecoin sector intensified as OpenUSD emerged as a potential challenger to Circle’s dominance, backed by major financial players such as Visa, Mastercard, BlackRock, and Coinbase.

Elsewhere, around 1,700 investors in the United Kingdom filed a lawsuit against Binance and former CEO Changpeng Zhao, seeking roughly $200 million in damages over claims tied to unauthorized derivatives products.

Market Outlook

Despite this week’s rebound, caution remains warranted.

The recent recovery has helped stabilize sentiment, but Bitcoin still faces a critical test. Bulls need a decisive breakout above key resistance near $70,000 to confirm a true trend reversal and rule out the possibility that this rally is merely a temporary relief bounce.

Market Snapshot

• Total Market Cap: $2.22 trillion

• 24H Volume: $66 billion

• BTC Dominance: 56%

• Bitcoin: $62,000 (+2.7%)

• Ethereum: $1,731 (+9.6%)

• XRP: $1.12 (+7.2%)

Overall, the crypto market finally showed signs of life this week. While the worst of the recent selloff may be easing, confirmation of a sustained recovery will depend on whether Bitcoin can reclaim higher resistance levels in the weeks ahead.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Donald Trump has defended his family’s massive crypto earnings, insisting there was “nothing illegal” or improper about the billions generated from digital asset ventures while he serves as president.

His remarks came shortly after newly released federal financial disclosures revealed the scale of his crypto-related income and holdings, reigniting debate over whether a sitting president’s private business interests can conflict with public responsibilities.

Trump Responds to Crypto Earnings Scrutiny

During a July 2 interview with CNBC host Joe Kernen at the White House, Trump addressed questions surrounding the large profits disclosed in his annual financial report.

The 927-page filing from the U.S. Office of Government Ethics showed Trump earned more than $2.2 billion in 2025, with a significant portion linked to cryptocurrency ventures.

The disclosure included:

• $594 million from World Liberty Financial, a DeFi project co-founded with his sons

• $636 million from sales of Trump-branded meme coins

• More than $50 million worth of Bitcoin reportedly held in cold storage

When asked whether he was directly aware of his family’s crypto operations, Trump initially said no, before clarifying that even if he were aware, he believes no wrongdoing occurred.

He emphasized that his assets are managed through trusts overseen by his sons, Eric Trump and Donald Trump Jr., alongside outside investment firms. According to Trump, he does not communicate with those firms or discuss investment decisions with his sons.

Trump also noted that because presidential policies can affect many industries, nearly any business activity involving family members could be interpreted as a potential conflict of interest.

He added that while he encourages his children to avoid unnecessary conflicts, they are still free to run their own businesses.

Crypto as a Strategic Industry

Trump also reiterated his broader support for crypto, framing it as a strategically important industry for the United States.

He argued that if the U.S. fails to lead in digital assets, geopolitical rivals such as China could gain an advantage.

According to Trump, maintaining leadership in crypto aligns with broader national economic and competitive interests.

The White House has also rejected conflict-of-interest allegations, maintaining that neither Trump nor his family has engaged in conduct that undermines the public interest.

Critics Remain Skeptical

Despite these defenses, critics continue to raise concerns about whether Trump’s political influence played a direct role in boosting the value of his crypto-related ventures.

Among them is longtime Bitcoin critic Peter Schiff, who argued that Trump’s crypto earnings cannot be viewed as ordinary investment returns.

Schiff claims that many buyers of Trump-branded tokens were motivated less by financial fundamentals and more by access, influence, and political alignment.

He pointed to the performance of the Official Trump and Melania Meme tokens, both of which are trading far below their peak valuations, as evidence that speculative demand may have been driven by factors beyond traditional investment logic.

According to Schiff, these tokens raise broader questions about whether political branding in crypto can blur the line between investment and influence.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

The first major Bitcoin options expiry of the second half of 2026 is taking place today, but its market impact may be limited.

Roughly 31,000 Bitcoin options contracts are set to expire on Friday, July 3, representing a notional value of about $1.9 billion. Compared to last week’s large end-of-quarter expiry, today’s event is significantly smaller, making major spot market disruption less likely.

Crypto markets have remained mostly range-bound this week, though sentiment improved on Friday. Total market capitalization has increased by nearly $70 billion since Monday as selling pressure from last month’s downturn has eased.

Bitcoin Options Positioning

This week’s Bitcoin options expiry carries a put/call ratio of 0.7, indicating a stronger bias toward call options over puts. The max pain level sits near $61,000, close to Bitcoin’s current trading range, meaning a sizable number of contracts could expire in profit.

According to data from Deribit, open interest remains highest at the $80,000 strike price, where around $1.1 billion in contracts are concentrated. Meanwhile, bearish positions at the $60,000 strike still account for roughly $900 million.

Data from Coinglass shows total Bitcoin options open interest across exchanges has dropped to a 16-month low of $26 billion following last week’s larger expiry.

Derivatives analytics platform Greeks.live noted that short-term downside protection continues to dominate Bitcoin options pricing. This suggests traders remain focused on near-term risk management rather than significantly changing long-term market expectations.

Ethereum Options Also Expiring

Alongside Bitcoin, around 134,000 Ethereum options contracts are also expiring today, with a combined notional value of approximately $228 million.

Ethereum’s max pain level is around $1,650, while its put/call ratio stands at 1.3, indicating slightly more bearish positioning compared to Bitcoin.

ETH options open interest across all exchanges remains subdued at around $3.6 billion, its lowest level since January 2023.

Combined, today’s crypto options expiry represents nearly $2 billion in total notional value.

Market Outlook

Despite cautious positioning in derivatives markets, spot markets are showing signs of strength heading into the weekend.

Total crypto market capitalization has climbed to roughly $2.2 trillion, with most major assets trading in positive territory.

Bitcoin briefly touched an intraday high of $62,000 on Thursday following weaker-than-expected U.S. jobs data, before easing back toward $61,500 during Friday’s Asian session.

Ethereum outperformed slightly, reclaiming the $1,700 level with a 6% daily gain and maintaining most of those gains.

However, with a long holiday weekend underway in the United States, trading volumes may remain relatively quiet, which could limit major market moves in the short term.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

XRP may be showing some of its weakest sentiment in years, but analysts believe that extreme pessimism could be setting the stage for a potential rebound.

Over the past 24 hours, XRP gained around 5%, allowing it to recover above the $1.10 level. Despite this short-term bounce, the token remains more than 50% below its price from a year ago.

Recent on-chain data suggests that the prolonged downturn has pushed investor sentiment and holder performance to historic lows.

According to Santiment, XRP holders are currently seeing some of the worst average returns in the asset’s history. The token’s 30-day MVRV has dropped to -45%, while its 365-day MVRV sits at -47%, indicating that both short-term and long-term holders are deep in losses.

For the first time in XRP’s nearly 12-year history, both groups of holders are experiencing record-low average returns. This reflects an environment of elevated fear, frustration, and widespread market exhaustion.

Santiment noted that further downside is still possible, especially if the broader crypto market weakens. However, from a risk-reward perspective, current conditions may present a relatively attractive accumulation zone since much of the downside appears to have already been absorbed by existing holders.

Historically, such deeply negative MVRV readings have often aligned with stronger long-term market setups.

Adding to the bullish case, crypto analyst Ali Martinez reported that XRP’s SuperTrend indicator has triggered its first buy signal since mid-June. He noted that the previous buy signal was followed by a 14% rally, while the same indicator accurately identified the last two major pullbacks of 19% and 16%.

Network activity is also improving. Martinez highlighted a sharp rise in daily active XRP addresses, which climbed from 23,000 on June 14 to nearly 40,000, suggesting stronger user participation and growing on-chain engagement.

Institutional interest has also remained steady. Spot XRP ETFs in the U.S. recorded more than $59 million in net inflows during June. After two straight days of outflows, the funds returned to positive territory on July 3 with $6.55 million in fresh inflows.

Data from SoSoValue showed that Bitwise contributed the largest share of those inflows, highlighting continued institutional appetite for XRP despite recent volatility.#crypto#cryptonewshttps://coinsignals.net https://t.me/coinsignalpublic

Strategy has been one of the biggest corporate drivers of Bitcoin demand for years, but that influence may weaken in the next market cycle.

According to Matt Hougan, Strategy is unlikely to play the same dominant role in Bitcoin accumulation going forward. He believes the next phase of Bitcoin demand will be led by large institutional investors rather than a single corporate buyer.

Hougan pointed to Strategy’s updated framework for STRC, which allows the company to occasionally sell Bitcoin to meet dividend obligations. While he does not expect Strategy to become a major seller, the change means the company may buy or sell depending on market conditions instead of acting as a consistent source of demand.

He noted that Strategy is not under pressure to sell large portions of its holdings and could remain a net buyer if Bitcoin prices strengthen. Still, its influence on the market is expected to decline compared to previous cycles.

Hougan explained that Bitcoin’s major buyers have changed over time—from early cypherpunks to Asian investors, then U.S. retail traders, followed by Grayscale Investments and Strategy. He believes the next wave will be driven by institutions with far deeper capital pools.

These buyers could include global banks, asset managers, pension funds, endowments, sovereign wealth funds, and financial advisers. Hougan argues this transition is already happening.

Examples include Morgan Stanley launching Bitcoin ETF offerings and Wells Fargo adding Bitcoin exposure to model portfolios. He also pointed to growing government and sovereign interest, including strategic reserve initiatives and institutional allocation discussions.

Although Bitcoin ETFs saw outflows in 2026, Hougan noted they have attracted over $50 billion since launching in 2024 and are now widely accessible across major adviser platforms.

Meanwhile, Tim Sun of HashKey Group believes a slowdown in Strategy’s Bitcoin purchases may actually benefit the market.

Sun argues that reduced buying from Strategy could help correct supply-demand distortions created by its financing-driven accumulation model. Instead of relying heavily on corporate buying and ETF inflows, Bitcoin could build a stronger and more sustainable price floor based on organic market demand.

In his view, that would create a healthier and more stable market structure for Bitcoin over the long term.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Standard Chartered has become the first globally systemically important bank to provide institutional clients with direct stablecoin minting and redemption services through its banking platform.

The move allows eligible institutional clients to mint and redeem USD Coin directly without needing to open separate accounts with Circle. This creates a more streamlined onboarding process by combining traditional banking and stablecoin services within a single platform.

Integrated Banking and Stablecoin Access

The service, announced on July 2, was developed through a partnership between Standard Chartered and Circle. It will initially be offered through the bank’s operations at the Dubai International Financial Centre.

Qualified institutional clients will be able to access banking, custody, and digital asset services through one integrated system while using USDC for on chain settlement and treasury management.

For now, the offering is limited to the bank’s DIFC operations, but Standard Chartered plans to expand the service into additional markets pending regulatory approval.

Roberto Hoornweg said digital assets are becoming an increasingly important part of global financial infrastructure, with institutional clients demanding the same trust, governance, and reliability found in traditional finance.

He added that the initiative is designed to support broader institutional participation in digital asset markets while maintaining strong compliance and risk management standards.

Stablecoin Adoption Gains Momentum

Market analysts view this launch as another major step in the integration of stablecoin infrastructure into regulated finance.

According to crypto market observers, allowing a globally significant bank to participate directly in the USDC minting process removes a major operational barrier for institutions, many of which previously relied on exchanges or over the counter trading desks to access stablecoins.

This development could accelerate institutional adoption of USDC and strengthen liquidity across blockchain based financial markets.

The announcement comes amid intensifying competition in the stablecoin sector. Just one day earlier, OpenUSD entered the market as a new stablecoin initiative backed by more than 140 companies, including Visa, Mastercard, Stripe, Coinbase, Ripple, and BlackRock.

OpenUSD introduces another strong competitor in the race to build institutional grade stablecoin infrastructure.

Standard Chartered has continued expanding its presence in regulated digital assets. Earlier this year, the bank was among the first institutions to secure a stablecoin issuer license in Hong Kong, enabling it to issue Hong Kong dollar backed stablecoins for cross border payments.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Circle is facing growing competitive pressure following the launch of OpenUSD (OUSD), a new stablecoin backed by some of the world’s biggest financial and payment companies.

OpenUSD enters the market with support from major players including Visa, Mastercard, American Express, BlackRock, and Coinbase.

The announcement has sparked concerns about what the new stablecoin could mean for USD Coin and Circle’s market position. Investor sentiment has already reacted, with Circle’s stock declining roughly 12.7 percent over the past five trading sessions.

Although established stablecoin issuers still dominate the market, analysts believe OpenUSD could significantly reshape competition.

OpenUSD Could Challenge Circle’s Distribution Advantage

According to Alex Witt of Verda Ventures, distribution remains the most critical factor in the stablecoin market.

He noted that Circle, unlike Tether, does not control its main distribution channels. This weakens its competitive position and may leave it vulnerable to challengers with stronger built in distribution networks.

Witt pointed to Circle’s revenue sharing arrangements as evidence of this weakness and suggested OpenUSD could significantly reduce Circle’s first mover advantage.

Bernardo Brites, co founder and CEO of Trace Finance, described OpenUSD as a major turning point for the stablecoin industry.

He said the market views OpenUSD as a direct competitive threat to Circle, though he also highlighted several risks. These include the challenge of building liquidity from scratch, limited trading pair availability, governance complexity across multiple stakeholders, and a low fee model that may restrict long term growth.

Despite these concerns, Brites believes OpenUSD has a major advantage through its backers. He emphasized that support from global payment networks, financial processors, and banking institutions gives the project an unprecedented distribution advantage.

Circle Pushes Back on OpenUSD Concerns

Jeremy Allaire has responded by defending Circle’s position and challenging the assumptions behind OpenUSD’s model.

Allaire argued that stablecoin markets operate through powerful network effects, often favoring a small number of dominant players. He stressed that long term network building and ecosystem trust matter more than newly formed alliances.

Addressing OpenUSD’s revenue sharing model, Allaire said Circle already shares a large portion of its revenue with distribution partners. However, he warned that giving away too much revenue could weaken the infrastructure needed to sustain a stablecoin ecosystem.

He also raised concerns about OpenUSD’s consortium based governance structure, pointing to the poor historical performance of consortium led products in achieving scale, agility, and strong product market fit.

Allaire noted that Circle experimented with a similar model during USDC’s early development and encountered significant operational complexity.

Despite the competitive threat, Allaire expressed confidence in Circle’s position. He reaffirmed that Circle’s partnership with Coinbase remains strong and added that many of OpenUSD’s founding members are likely to continue using USDC as partners and customers.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin regained momentum and moved back above the $60,000 mark after a volatile trading session, while major altcoins also posted gains despite ongoing concerns over ETF outflows.

After falling to an intraday low of around $58,300, Bitcoin staged a strong rebound as buyers stepped in and pushed prices higher. At one point, BTC briefly traded above $61,000 before settling near $60,500.

The asset is now up nearly 3 percent over the past 24 hours, with its market capitalization recovering to approximately $1.2 trillion.

Bitcoin Rebounds but Market Caution Remains

Although Bitcoin has regained the key $60,000 psychological level, broader market sentiment remains cautious following several days of sustained selling pressure.

The total cryptocurrency market capitalization has risen to about $2.16 trillion, marking a 2 percent increase over the last 24 hours. Daily trading volume has also climbed above $83 billion.

Bitcoin’s market dominance remains above 56 percent, indicating that while altcoins are recovering, they are still struggling to significantly outperform BTC.

Ethereum also moved higher alongside Bitcoin, gaining around 3 percent to trade near $1,625. Despite the rebound, ETH remains well below the highs recorded earlier this year.

Solana and Bitcoin Cash Lead Altcoin Gains

Several major altcoins joined the market recovery, with Solana and Bitcoin Cash emerging as standout performers.

Solana rose more than 4 percent, making it one of the strongest performers among the top ten cryptocurrencies. Bitcoin Cash posted even stronger gains, climbing roughly 5 percent.

Cardano also moved higher, with ADA gaining over 3 percent. Chainlink recorded similar gains during the session.

Meanwhile, XRP traded near $1.06 after posting modest gains. XRP related ETF products have continued to attract inflows, standing out at a time when Bitcoin and Ethereum ETFs are experiencing notable outflows.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Ethereum continues to face heavy bearish sentiment, but underlying supply dynamics suggest a more complex picture beneath the surface.

According to data from CryptoQuant, Ethereum is currently experiencing a sharp contrast between market pessimism and tightening supply conditions. Analysts described the situation as a “wall of worry,” where negative sentiment is colliding with growing staking activity.

Institutional demand appears weak, with the Coinbase Premium, often used as an indicator of institutional interest, falling 230 percent below its three month average. At the same time, deeply negative funding rates on Binance point to cautious sentiment among leveraged traders and short term market participants.

Despite the widespread pessimism, Ethereum’s price has remained relatively stable over the past week instead of breaking lower.

Staking Activity Reduces Liquid Supply

Ethereum’s supply is becoming increasingly constrained as more ETH moves into staking.

CryptoQuant reported that stablecoin balances on Binance are declining while staking inflows have surged by 65 percent. This trend suggests that long term holders are continuing to lock up Ethereum, even as short term traders reduce exposure or open short positions.

Analysts noted that this combination of deep market pessimism and shrinking exchange supply has historically created conditions that can pressure short sellers, especially if selling momentum begins to weaken.

They added that a recovery in the Coinbase Premium could be an important signal of improving market sentiment.

Staking data further reinforces this tightening supply trend. According to Ultrasound Money, Ethereum staking has reached a record 40 million ETH, representing around 33 percent of the network’s total supply.

Validator data also highlights strong demand for staking. While only 9,248 ETH are waiting in the validator exit queue, more than 2.9 million ETH are currently in the entry queue.

Market Outlook Remains Uncertain

Tom Lee recently noted that cryptocurrency remains highly volatile and that Ethereum continues to face several macroeconomic headwinds.

These include concerns over potential Federal Reserve rate hikes, regulatory uncertainty surrounding the Clarity Act, growing investor focus on artificial intelligence, and increased competition from private credit markets.

At the same time, Lee highlighted several long term positive catalysts for Ethereum, including the continued growth of tokenization, the expanding role of digital finance, and increasing adoption of blockchain based financial infrastructure.

ETH Price Outlook

Despite these supportive long term trends, Ethereum’s price remains under pressure.

ETH fell to an intraday low of $1,550 on Tuesday before recovering slightly to around $1,585 during Wednesday’s Asian trading session.

Market analysts warn that prolonged weakness at current price levels could increase the risk of another downward move, particularly if Bitcoin loses key support near $58,000.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Metaplanet has increased its Bitcoin holdings after purchasing an additional 2,823 BTC, bringing its total treasury to 43,000 BTC. Despite this expansion, the company still needs to acquire 57,000 more Bitcoin to achieve its target of holding 100,000 BTC by the end of 2026.

The latest acquisition marks Metaplanet’s first major Bitcoin purchase in three months and completes its second quarter accumulation under its ongoing Bitcoin treasury strategy.

The company spent 35.89 billion yen, equivalent to approximately $222 million, on the latest purchase, with an average acquisition cost of more than 12.7 million yen per Bitcoin. This increased its holdings from 40,177 BTC at the end of March to 43,000 BTC by June 30.

Lower Purchase Price Improves Cost Basis

According to the company’s official statement, the lower average purchase price during the quarter helped reduce Metaplanet’s overall average acquisition cost from 15.51 million yen to 15.3 million yen per Bitcoin.

In total, Metaplanet has invested 659 billion yen to build its Bitcoin treasury of 43,000 BTC.

The company also reported strong revenue from its Bitcoin income generation activities, earning approximately $10.95 million, or 1.747 billion yen, during the quarter.

After accounting for this revenue, Metaplanet’s effective acquisition cost dropped to 34.14 billion yen, translating to around 12.093 million yen per Bitcoin.

Expansion Continues Despite Stock Decline

Although Metaplanet continues to aggressively expand its Bitcoin reserves, its stock performance has struggled this year. The company’s shares have fallen nearly 49 percent since the start of the year.

Beyond Bitcoin accumulation, Metaplanet is also expanding its presence in the financial sector. The company recently announced plans to acquire SBI Securities in a deal valued at approximately $13 million. The transaction is expected to close in July, after which the firm will be rebranded as Metaplanet Securities.

Simon Gerovich described the acquisition as the company’s first major strategic purchase and a key milestone under Project Nova, its long term initiative aimed at building a Bitcoin focused financial ecosystem in Japan.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic