Bitcoin is consolidating above $107,000, bolstered by steady spot ETF inflows and a major corporate treasury acquisition. Meanwhile, Ethereum retreats from last week’s gains, and XRP extends its pullback toward key support.
📈 Market Highlights
- Bitcoin holds above $107,000–$108,000, supported by ongoing inflows into spot ETFs totaling $501 million last week cryptorank.io+1cointelegraph.com+1.
- Metaplanet Inc. acquired 1,005 BTC (~$108 million), raising its holdings to 13,350 BTC, making it the world’s fifth-largest corporate holder cryptorank.io+8bitcoinmagazine.com+8cointelegraph.com+8.
- Ethereum trades near $2,450, falling back below its 200‑day EMA ($2,468) after encountering resistance at $2,522.
- XRP retreats to around $2.17, eyeing the 200‑day EMA near $2.10 after stalling below its 100‑day EMA ($2.22).
🔍 Institutional flows continue to shape price action:
CoinShares reports strong inflows into crypto products—$2.7 billion last week, bringing H1 totals to $16.9 billion, led by Bitcoin at 83% and Ethereum at $429 million coindesk.com+13blog.coinshares.com+13cryptorank.io+13.
🗓️ What’s Coming This Week?
- June 30: Fed Chair Powell speaks at the ECB Forum in Sintra—watch for macro market impact.
- June 30–July 2: Ethereum community conference.
- July 2–3: ADP employment and jobs report rollouts.
- July 4: U.S. markets closed for Independence Day.
Institutional ETF ETFs and momentum-driven corporate buys suggest a potential breakout, but macro data this week could sway momentum.
📊 Support & Resistance Levels
| Asset | Support | Resistance |
|---|---|---|
| BTC | $106,600 / 50‑day EMA ($104,120) | $109,000 → psychological $110,000 |
| ETH | 50‑day EMA ($2,427) / 100‑day ($2,378) | 200‑day EMA ($2,468) / $2,522 |
| XRP | 200‑day EMA ($2.10) | 100‑day EMA / $2.22 / $2.24 |
