Crypto Price Analysis 7-9: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, POLKADOT: DOT, JUPITER: JUP, FILECOIN: FIL

The crypto market inched higher in the past 24 hours, rising nearly 1% to $3.36 trillion as Bitcoin (BTC) and other cryptocurrencies traded in positive territory. The flagship cryptocurrency is marginally up over the past 24 hours, trading around $108,789, with investors hopeful of a move to $110,000. While BTC remained flat, Ethereum (ETH) saw a substantial uptick, surpassing $2,600. The world’s second-largest cryptocurrency is up over 3% in the past 24 hours, trading around $2,629. 

Ripple (XRP) is also trading in positive territory, up nearly 3% over the past 24 hours, while Solana (SOL) is up over 2%, trading at $152. Dogecoin (DOGE) is up over 2% and Cardano (ADA) is up nearly 4% at $0.594. Chainlink (LINK), Stellar (XLM), Toncoin (TON), Hedera (HBAR), Litecoin (LTC), and Polkadot (DOT) also registered notable increases. 

US Stocks Missed As Markets Navigate Trade Tensions 

US stocks were mixed on Tuesday as renewed trade tensions and tariffs weighed down market sentiment. The Dow Jones Industrial Average dropped 108 points due to investor concerns about new tariffs. However, the S&P 500 and the Nasdaq Composite registered marginal gains, rising 0.08% and 0.18% respectively. Banking and consumer-facing firms were hit hard, with JP Morgan dropping 3.5% and Amazon falling 1.26%. Walmart also fell nearly 2% due to its exposure to the Chinese market. Meanwhile, crypto markets were largely unchanged, with Bitcoin (BTC) registering a marginal increase over the past 24 hours. 

Markets are keeping a watchful eye on shifting trade dynamics. President Trump extended the July 9 deadline for reinstating tariffs to April 1. However, tensions escalated as President Trump threatened South Korea and Japan with new tariffs, while China warned against any implementation of new tariffs. 

US Sanctions North Korean IT Worker

The US Treasury sanctioned a North Korean and a Russian individual, along with four entities connected to what it called a North Korean-run IT worker ring that infiltrates crypto companies operating in the US. The Treasury’s Office of Foreign Assets Control (OFAC) introduced sanctions against North Korea-based Song Kum Hyok for stealing the personal data of US citizens. OFAC also sanctioned a Russian national, Gary Asatryan, for using his companies to employ North Korean IT workers. Treasury Deputy Secretary Michael Faulkender stated, 

“Treasury remains committed to using all available tools to disrupt the Kim regime’s efforts to circumvent sanctions through its digital asset theft, attempted impersonation of Americans, and malicious cyberattacks.”

According to the Treasury Department, North Korea uses the revenue generated through large-scale hacks to fund its nuclear and ballistic missile program, deploying thousands of skilled IT workers around the globe. 

“Today, the Treasury's Office of Foreign Assets Control is taking action to stop individuals and entities that are enabling the Democratic People's Republic of Korea (DPRK) IT worker schemes. The DPRK generates significant revenue for its WMD and ballistic missile programs by deploying thousands of highly skilled IT workers around the world, who then hack and exploit internal systems.”

Japanese Company Aligns CEO With Bitcoin Strategy 

Tokyo-based energy company Remixpoint has announced that new CEO Takashi Tashiro will be paid in Bitcoin (BTC) as part of efforts to “be in the same boat” as the company’s shareholders. The company stated that it will calculate Tashiro’s salary and taxes, purchase the equivalent amount in BTC, and send it to the CEO’s chosen crypto wallet. According to the company, the move is part of a “shareholder-oriented management.” Remixpoint released a statement, stating, 

“The remuneration in this case will be paid in Japanese yen in format based on the appropriate organization of the Company Act and taxation. On top of that, we plan to acquire Bitcoin (BTC) equivalent to the same amount at the market price with Japanese yen, which is equivalent to the full amount of the payment, and deliver it to the crypto asset wallet designated by the President and CEO.”

CoreWeave Stock Dips As Analysts Cast Doubt On Core Scientific Acquisition 

CoreWeave (CRWV) shares opened lower on Tuesday as analysts raised doubts on whether its acquisition of Core Scientific CORZ) would contribute to its bottom line. CRWV fell 3.6% as markets opened, falling to $153.87. Despite the substantial decline, CoreWeave holds a market capitalization of $288 billion. Selling pressure on CRWV stock increased after D.A. Davidson’s Gil Luria raised concerns about CoreWeave’s $9 billion all-share deal to acquire Core Scientific, announced on Monday. Luria stated, 

“Core Scientific’s purchase doesn’t add any profits to CRWV. All they’re doing is ensuring CORZ doesn’t give its capacity to somebody else.”

Mizuho analysts downgraded CoreWeave shares from “outperform” to “neutral,” stating that CRWV’s risk-reward profile appears balanced, indicating the stock may take a breather after a near-300% rally. However, they acknowledged the potential benefits of the acquisition. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) is marginally down during the ongoing session, struggling to build momentum and push towards $110,000. The flagship cryptocurrency ended the weekend in positive territory, rising nearly 1% to cross $109,000 and settle at $109,229. However, it lost momentum on Monday, dropping 0.87% to $108,283. BTC fell to an intraday low of $107,446 on Tuesday but recovered to register an increase of 0.60% and settle at $108,938 before declining during the ongoing session. 

Despite sluggish price action, crypto traders are getting increasingly bullish about BTC’s chances of reclaiming $110,000. However, blockchain analytics platform Santiment believes optimism isn’t always a good sign. Santiment analyst Brian Quinlivan stated, 

“It’s pretty clear that the crowd is starting to salivate over a potential $110K+ Bitcoin market value.”

Santiment data reveals that for every bearish BTC comment, there are 1.51 bullish comments, the highest ratio in the past three weeks. Santiment used data from several sources, including X, Reddit, Telegram, 4Chan, BitcoinTalk, and Farcaster. However, Quinlivan cautioned that similar spikes in optimism were followed by substantial price drops on June 11 and July 7. 

“As we know, prices move in the opposite direction of the crowd’s expectations, as retail perpetually loses money from overly emotional decisions. We saw clear signs that retail was buying into the rising momentum of Bitcoin's price.”

Santiment believes BTC will experience a pullback before breaking through its all-time high of $111,970, set on May 22. Santiment analysts also highlighted that Bitcoin whale wallets have shown little activity in recent sessions, indicating caution. 

“For now, these wallets have been somewhat suspiciously flat. When they accumulate, prices often follow closely. When they dump or even just temporarily stop accumulating, it often signals that market values across crypto may see some declines.”

Meanwhile, CryptoQuant data suggests markets are confident about the long-term prospects of BTC, with on-chain data showing considerable dominance of outflows over inflows. The monthly outflow/inflow ratio has fallen to 0.9%, a level not seen since the end of the 2022 bear market. 

BTC ended the previous weekend in positive territory, rising nearly 1% to $108,350. However, it lost momentum on Monday, dropping 1.09% to $107,167. Selling pressure intensified on Tuesday as BTC fell 1.33% and settled at $105,742. Despite the selling pressure, BTC recovered on Wednesday, rising nearly 3% to reclaim $108,000 and settle at $108,845. Buyers retained control on Thursday as the price reached an intraday high of $110,583 before settling at $109,650, ultimately registering an increase of 0.74%. Price action was back in bearish territory on Friday, dropping 1.42% to $108,097.

Source: TradingView

BTC recovered over the weekend, registering a marginal increase on Saturday and rising nearly 1% on Sunday to reclaim $109,000 and settle at $109,229. BTC started the current week in the red, dropping 0.87% to $108,283 after facing selling pressure and volatility. The price recovered on Tuesday, rising 0.60% after falling to a low of $107,446 and settling at $108,938. The current session sees BTC marginally down as buyers and sellers struggle to establish control. 

Ethereum (ETH) Price Analysis 

Ethereum (ETH) extended its gains after crossing $2,600 on Tuesday, with the price marginally up during the ongoing session. The world’s second-largest cryptocurrency ended the weekend in positive territory, rising over 2% to $2,572. However, it lost momentum on Monday, dropping over 1% and settling at $2,543. Buyers returned to the market on Tuesday as ETH rose nearly 3% to cross $2,600 and settle at $2,616. ETH’s price action has been relatively subdued since May, with the price pinned down below $2,700.The price fell to a low of $2,119 on June 22 before recovering and reclaiming $2,500. However, Tesseract CEO James Harris is bullish on ETH, predicting a 160% increase from current price levels. Harris stated, 

“We forecast ETH at $6,500 by end-2025, assuming continued growth in ETH staking participation, higher gas consumption from layer 2 applications, and no significant regulatory headwinds specific to Ethereum. Ethereum is one of our top conviction picks among large-caps.”

Harris highlighted the over $1 billion in inflows to spot Ethereum ETFs and the Pectra hard fork as key drivers of the price increase. 

“The Pectra upgrade has improved layer 2 scaling solutions, fueling ecosystem growth. With healthy institutional inflows and status as the most staked and utilised digital asset, Ethereum is on track for a run in H2.”

However, 10x Research’s Markus Thielen predicted a different perspective, stating, 

“At 10x Research, we hold a moderately bullish outlook for crypto this month, driven largely by strong post-July 4 seasonality that could lift Ethereum toward $2,800 in the short term. However, we believe the ongoing lack of user activity remains a structural overhang for ETH, and the case for treasury adoption is far weaker than it is for Bitcoin.”

ETH registered a sharp increase on Sunday, rising nearly 3% to end the previous weekend at $2,500. However, it lost momentum on Monday, dropping 0.55% and settling at $2,486. Selling pressure intensified on Tuesday as the price fell over 3% to $2,407. ETH recovered on Wednesday, rising nearly 7% to $2,572. Buyers retained control on Thursday as the price rose 0.79% to $2,592, but not before reaching an intraday high of $2,636. Despite the positive sentiment, ETH registered a sharp decline on Friday, dropping over 3% to $2,509.

Source: TradingView

The price recovered on Saturday, rising 0.35% to $2,518. Bullish sentiment intensified on Sunday as ETH rose over 2% and settled at $2,572. Despite the positive weekend, ETH started the current week in the red, dropping over 1% to $2,543. Buyers returned to the market on Tuesday as the price rose nearly 3% to cross $2,600 and settle at $2,616. The current session sees ETH marginally up as buyers and sellers struggle to establish control. Sellers will attempt to drive ETH below $2,600, while buyers will attempt a move to $2,700.

Solana (SOL) Price Analysis

Solana (SOL) has traded between $145 and $160 since the previous weekend as it struggles to push above the 50-day SMA. SOL ended the previous weekend positively, rising nearly 2% to $153. It faced volatility and selling pressure on Monday as sellers attempted to overwhelm buyers. Despite the selling pressure, SOL rose 1.01% and settled at $154. SOL lost momentum on Tuesday, falling over 5% to go below $150 and settle at $147. Despite the selling pressure, it recovered on Wednesday, rising nearly 4% to reclaim $150 and settle at $152.SOL was back in the red on Thursday, registering a marginal decline. Selling pressure intensified on Friday as the price fell over 3%, slipping below $150 to $147.

Source: TradingView

Sellers retained control on Saturday as the price registered a marginal decline. Despite the selling pressure, SOL recovered on Sunday, rising nearly 3% to reclaim $150 and settle at $151. SOL started the current week in the red, dropping 1.96% to $148. However, it recovered on Tuesday, rising nearly 2% to reclaim $150 and settle at $151. The current session sees SOL up 0.47% as buyers look to build momentum and push above the 50-day SMA.

Polkadot (DOT) Price Analysis

Polkadot (DOT) rose 3.52% on Sunday (June 29), rising to $3.53. However, it lost momentum on Monday, dropping nearly 4% to start the previous week in the red. Selling pressure intensified on Tuesday as DOT fell 3.53% to $3.28. Despite substantial selling pressure, DOT rebounded on Wednesday, surging over 8% to cross the 20-day SMA and settle at $3.55. The price reached an intraday high of $3.67 on Thursday but lost momentum after reaching this level, registering a marginal decline and settling at $3.54. Bearish sentiment intensified on Friday as DOT fell over 5%, slipping below the 20-day SMA and settling at $3.36.

Source: TradingView

DOT remained static on Saturday before rising almost 1% on Sunday to end the weekend at $3.39. Despite ending the weekend positively, DOT was back in the red on Monday, dropping 0.59% and settling at $3.37 after failing to cross the 20-day SMA. Buyers returned to the market on Tuesday as DOT rose nearly 3%, crossing the 20-day SMA and settling at $3.46. The current session sees DOT up almost 1%, trading around $3.49. Buyers will look to retain control and push the price beyond $3.60.

Jupiter (JUP) Price Analysis

Jupiter (JUP) price action was bullish the previous weekend, rising over 11% on Saturday and 3.01% on Sunday to settle at $0.465. Despite the positive sentiment, JUP was back in the red on Monday, dropping 1.28% to $0.459. Bearish sentiment intensified on Tuesday as the price plunged nearly 8% and settled at $0.425. JUP recovered on Wednesday, rising almost 7% and settling at $0.453. The price reached an intraday high of $0.482 on Thursday before settling at $0.459, ultimately registering an increase of 1.29%. Bearish sentiment returned on Friday as JUP fell over 5% and settled at $0.434.

Source: TradingView

Despite the selling pressure, JUP recovered on Saturday and registered a marginal increase. The price continued rising on Sunday, registering an increase of over 2% and settling at $0.445. JUP started the current week in the red, dropping over 2% to $0.436. Sellers retained control on Tuesday as the price fell to a low of $0.424 before settling at $0.432, ultimately registering a drop of $0.432. The current session sees JUP up 1.23%, trading around $0.437.

Filecoin (FIL) Price Analysis

Filecoin (FIL) started the previous week in the red, dropping nearly 4% on Monday, slipping below the 20-day SMA and settling at $2.30. Sellers retained control on Tuesday as the price fell almost 5% to $2.19. Despite the overwhelming selling pressure, FIL recovered on Wednesday, surging over 8% to cross the 20-day SMA and settle at $2.37. Buyers retained control on Thursday as the price rose almost 1% to $2.39. Selling pressure returned on Friday as FIL plunged nearly 6%, slipping below the 20-day SMA to $2.25.

Source: TradingView

Price action was mixed over the weekend as FIL registered a marginal decline on Saturday before rising 1.37% on Sunday to settle at $2.28. FIL was back in the red on Monday, registering a marginal decline before rising nearly 2% on Tuesday to cross the 20-day SMA and settle at $2.31. The current session sees FIL up almost 1%, trading around $2.32.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.