Schlagwort: crypto market

Key takeaways

• Ripple’s XRP is down less than 1% in the last 24 hours and could rally higher soon.
• Institutional demand for XRP continues to grow, with XRP digital asset products recording $10.6 million in weekly inflows.

The cryptocurrency market is having a bearish start to the week despite the gains recorded on Monday. Bitcoin briefly dropped below $108k while Ether continues to struggle to surge above $2,600.

Ripple’s XRP is also consolidating as bulls defend the $2.2 support level. The coin could rally higher amid strong institutional demand.

Steady capital flow keeps XRP’s price high

XRP, the native coin of the Ripple ecosystem, is down by less than 1% in the last 24 hours as major cryptocurrencies underperform. Despite the current consolidation, analysts believe XRP could break out soon and head towards new highs.

The rally could be fueled by growing institutional demand for XRP. Data obtained from CoinShares revealed that fund inflows into XRP-related financial products reached $10.6 million, accelerating year-to-date inflows to $335 million. The cumulative total assets under management (AUM) for XRP average around $1.4 billion.

Interest in XRP comes from various sectors of the market, including futures contracts’ Open Interest (OI). XRP’s OI has increased by approximately 25% to $4.69 billion since dropping to $3.54 billion on June 23. The increase suggests that traders have a bullish bias and a betting on a future price surge.

XRP’s technical outlook remains bullish

The XRP/USD 4-hour chart is bearish as the broader crypto market consolidates. However, the technical indicators are strong, suggesting a bullish bias for Ripple’s native cryptocurrency. 

The bulls would have to surpass the key resistance levels at $2.33 and $2.47 in the near term to enable XRP to rally toward the $3 psychological region for the first time since January 2025. 

The RSI and MACD indicators are both positive, suggesting that traders could be gaining exposure to XRP. In case XRP surpasses the $2.47 resistance level, it would need to overcome the May high of $2.65 to enable it to attempt the $3 mark.

However, a reversal is not ruled out, with the market sentiment still shaky thanks to renewed tariff talks. If there is a pullback, XRP could likely test the June support level of $1.90. The bulls would likely defend the 100-day Exponential Moving Average (EMA) currently at $2.22, the 50-day EMA at $2.21, and the 200-day EMA at $2.11.

The post XRP could rally higher on steady capital inflow; check forecast appeared first on CoinJournal.

Key takeaways

• BONK is the best performer among the top 50 cryptocurrencies by market cap.
• The memecoin could rally above $0.000032 if market conditions persist.

BONK surges 10%, outperforms other memes

BONK, the native token of the Bonk memecoin, is the best performer among the top 50 cryptocurrencies by market cap. The token added 10% to its value in the last 24 hours and now trades at $0.00002326 per coin.

The token’s positive performance is primarily driven by the surge in activity on LetsBonk, a recently developed token launchpad. For months, Pump.fun dominated the Solana token launchpad space. However, the story has changed as Pump.fun lost market share to LetsBonk, which some people call Bonkfun. As of this writing, LetsBonk now holds 55% of the total launchpad market share.

🚨 @bonk_fun now commands 55% of total launchpad market share, while Pumpfun falls below 35% https://t.co/AkuzZ1TJVq pic.twitter.com/N2hBgS5b0B

— The Solana Post (@thesolanapost) July 7, 2025

BONK targets $0.00003265, with strong support at $0.00002062

The BONK/USD 4H chart is extremely bullish thanks to the token’s ongoing rally. The technical indicators suggest further upward movement. The pair is currently efficient, suggesting that BONK has swept liquidity to the downside in anticipation of an upward rally.

Following the 46% surge last week with a wedge pattern breakout, BONK’s bullish start this week targets the highest price in May. A daily close above the $0.00002218 could see BONK target the $0.00002581 level, the inception point of the falling wedge pattern.

In the event of an extended rally, BONK could test the $0.00003265 level for the first time since January 2025. 

The RSI of 81 suggests that BONK is currently in the overbought region, while the MACD lines are firmly in the positive zone, suggesting a buying pressure. A rising trend in the green histogram bars indicates increasing uptrend momentum.

However, if BONK fails to hold the support level above $0.00002218, it could retest the 50% Fibonacci level at $0.00001734 in the coming days.

The post BONK rallies 10% to outperform other major cryptos; check forecast appeared first on CoinJournal.

Key takeaways

• BTC is trading below $109k and could retest the $107k region before rallying high.
• Market analysts believe Trump’s new trade negotiation date of August 1 will make Bitcoin less volatile.

The cryptocurrency market was bullish over the weekend, with the major cryptos currently in the green. Bitcoin climbed above $109k on Sunday but has slightly retraced and could dip lower in the coming hours.

Despite that, analysts remain optimistic about Bitcoin’s medium-term performance ahead of Trump’s trade deal negotiations in August.

Analysts expect a less volatile July for Bitcoin

July could be a quiet month in terms of trade deals as U.S. Treasury Secretary Scott Bessent announced Sunday that tariffs, initially revealed in April, will take effect on Aug. 1.

The tariffs will take effect for countries without a trade agreement with the U.S.  Bessent warned that the tariff level will revert to April’s rates if negotiations fail before that date.

While speaking to The Block, Jeff Mei, COO at BTSE commented that,

“Traders previously were concerned about volatility leading up to the July 9 tariff deadline on Wednesday. It looks like markets are rallying after it was revealed countries will have more time to negotiate before tariffs take effect at the beginning of August.”

According to Mei, the upcoming release of the U.S. consumer price index on July 15 will give investors an insight into whether inflation is low enough for the Federal Reserve to lower interest rates.

An interest rate cut would be potentially positive for Bitcoin and could spur it to surpass its current all-time high price of $111k.

BTC could refresh its record highs soon amid bullish sentiments

The BTC/USD 4H chart is bullish and efficient as the bulls are currently in control of the Bitcoin market. The technical indicators suggest that Bitcoin could rally to a new all-time high soon.

The RSI of 53 shows that buyers are regaining control, while the MACD lines are currently in the positive zone, suggesting a strong buying sentiment. However, BTC could retest the low of $107,850 before rallying higher in the near term. 

If Bitcoin continues its upward momentum, it could extend the rally toward the May 22 all-time high at $111,980. An extended rally would allow Bitcoin to reach a new all-time high price.

On the flipside, failure to defend the support level at $107,850 could see BTC retest the consolidation zone and Transactional Liquidity (TLQ) area at $105,333.

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• Initial ruling of “yes” on 24 June appearance has been formally challenged.
• Debate centres on lack of tie, trainers, and formality of attire.
• Background includes past bet confusion and political pressure from Trump.

Ukrainian President Volodymyr Zelenskyy’s attire has unintentionally sparked a multimillion-dollar crypto betting frenzy.

A simple prediction on Polymarket—asking whether Zelenskyy would appear in a suit by the end of June—has evolved into a $79 million conundrum over what counts as a suit.

The wager, originally intended as a light-hearted market, has escalated into a contentious debate now entangled in rule interpretations, public appearances, and even political optics.

Polymarket ruling contested as images from NATO visit go viral

The current round of confusion began on 24 June, when Zelenskyy attended a NATO gathering in the Netherlands.

He was photographed in a dark jacket, shirt, matching trousers, and trainers.

The images circulated rapidly, and many on the decentralized betting platform Polymarket interpreted the outfit as a suit.

Polymarket had opened the market on 22 May, posing the question: “Will Zelenskyy wear a suit before July?”

The original terms specified the outfit had to qualify as a suit in “a commonly accepted” sense.

Following the appearance, the platform initially ruled “yes,” triggering a partial payout.

But this decision was soon contested by some traders who argued that Zelenskyy’s look lacked formal shoes, a tie, or sufficient distinction between formalwear and casual attire.

This marks the second such dispute on Polymarket involving Zelenskyy’s clothes.

In May, a similar market had also closed amid controversy after Zelenskyy wore a matching jacket and trousers without a tie, prompting some to argue the outfit technically met the suit criteria.

Fashion writer Derek Guy had weighed in then, suggesting the items were cut from the same cloth, satisfying the definition of a suit despite the lack of conventional styling.

Historical context, war symbolism, and political tension

The significance of Zelenskyy’s wardrobe choices extends beyond betting mechanics.

Since the Russian invasion of Ukraine in 2022, Zelenskyy has consistently worn military-style clothing to represent solidarity with Ukrainian soldiers.

He has publicly stated that he will return to wearing suits only when the war ends.

However, the issue of his dress became politically charged after a high-profile meeting in early 2025 with US President Donald Trump in the Oval Office.

Trump, in a pointed moment, criticised Zelenskyy not only for his position on the war but also for his refusal to appear in formal attire during the meeting.

The comment led to international headlines and further politicised Zelenskyy’s clothing decisions.

Outcome delayed as appeals process continues

At present, Polymarket has paused any final settlements related to the Zelenskyy suit market.

Two formal challenges have been filed against the ruling that considered his 24 June outfit a suit.

These appeals have locked up the funds, preventing traders from accessing their winnings or losses until a final resolution is reached.

Polymarket operates using smart contracts and third-party arbitration to resolve disputes, and the final decision will be made based on the evidence submitted, including photographs and interpretations of the platform’s rules.

Until then, tens of millions of dollars remain in limbo.

Despite the market’s light-hearted appearance, the legal and financial implications are very real.

With nearly $79 million in total volume, the Zelenskyy outfit debate has become one of the most valuable prediction markets ever run on Polymarket—surpassing even previous political betting events.

Whether or not Zelenskyy’s NATO appearance qualifies as a suit will now depend on the arbitration panel’s interpretation, which could set a precedent for future fashion-related prediction markets on the platform.

The post Zelenskyy’s attire divides Polymarket with $79M at stake appeared first on CoinJournal.

Key takeaways

• PEPE has lost 9% of its value in the last 24 hours, erasing some of the gains recorded earlier this week.
• The technical indicators remain bullish as PEPE could reclaim $0.00001077 soon.

Bitcoin dips below $109k, Pepe loses 9%

The cryptocurrency market has turned bearish after its recent positive performance. Bitcoin, the leading cryptocurrency by market cap, is down 1% in the last 24 hours and now trades below $109k. 

The negative performance saw the total cryptocurrency market drop to $3.35 trillion. PEPE, the native coin of the Pepe memecoin, lost 9% of its value in the last 24 hours, making it the worst performer among the top memecoins.

At press time, PEPE is trading at $0.00000980 but could rally higher amid strong technical indicators. 

PEPE eyes $0.00001077 as bullish sentiment remains

The PEPE/USD 4-hour chart remains bullish despite the token losing 9% of its value in the last 24 hours. The technical indicators remain positive, suggesting buying pressure from investors.

The Moving Average Convergence Divergence (MACD) lines are currently in the positive zone, indicating that buyers are in control of the market. Furthermore, the Relative Strength Index (RSI) of 56 shows PEPE is neutral but could enter the overbought region if the bulls stay in control.

If the bullish trend continues, PEPE could test the immediate and formidable resistance between $0.00001070 and $0.00001077. The price has repeatedly tested this zone and struggled to push through.

A sustained and decisive move above this resistance level would be a significant bullish signal, likely paving the way for a test of the $0.00001100 mark. 

On the downside, PEPE could struggle if bulls fail to defend the current support level at $0.00000980. Failure to defend this support level could see PEPE dip towards the Transactional Liquidity (TLQ) region at $0.00000898. These support levels are crucial, especially if a short-term pullback is expected.

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