Mercato

The market as a whole was strong and volatile, with BTC consolidating in a narrow range around $109,000 and ETH surging higher and falling back to the $2,570-$2,580 range, both facing key resistance tests. On July 3, BTC and ETH ETFs recorded single-day net inflows of $601 million and $148 million, respectively, and institutions continued to increase their positions. In terms of altcoins, BONK surged by more than 14% due to the increase in community activity; TIA rebounded more than 10% on the back of inflation adjustments; SPX6900 broke through the consolidation range and rose more than 10% driven by the RWA narrative. Greed continues, and the risk of overheating needs to be guarded against in the short term. U.S. stocks rose before the holiday, and gold prices fell slightly. (Click to view the full article)