Crypto Price Analysis 7-11: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, RIPPLE: XRP, FILECOIN: FIL, DOGWIFHAT: WIF

The crypto market soared on Friday as its market capitalization surged over 5%, thanks to Bitcoin (BTC), Ethereum (ETH), and other altcoins registering substantial increases. BTC soared to a new all-time high, just days after crossing $112,000, as it raced to $118,403 before registering a marginal decline and moving to its current level. The flagship cryptocurrency is up over 5% in the past 24 hours, trading around $116,617. 

Meanwhile, ETH rallied over 7%, reaching an intraday high of $2,972 before moving to its current level of $2,963. Ripple (XRP) also traded in positive territory, with the price up over 6%, trading around $2.56. Meanwhile, Solana (SOL) crossed the crucial $160 mark thanks to the market rally. The altcoin is up almost 5%, trading around $164. Dogecoin (DOGE) is up over 10%, trading around $0.198, while Cardano (ADA) is up almost 11%, trading around $0.685. Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Toncoin (TON), Litecoin (LTC), and Polkadot (DOT) also registered notable gains. 

Remixpoint Raises $215 Million To Expand Bitcoin Holdings 

Energy company Remixpoint has raised 31.5 billion yen ($215 million) to expand its Bitcoin treasury. The firm will allocate all the raised funds to purchase BTC. Remixpoint raised the funds through its 25th series of stock acquisition rights and a fourth series of unsecured bonds. The series of stock acquisition rights will create over 55 million new shares, and represents a 39.5% share dilution. Remixpoint is currently the 30th largest corporate Bitcoin treasury, holding 1,051 BTC. The firm plans to increase its holdings to 3,000 BTC in the near term. 

The news comes after Remixpoint announced that CEO Takashi Tashiro will be paid in Bitcoin as part of the company’s efforts to be “in the same boat” as its shareholders. Remixpoint’s board has unanimously approved its Bitcoin investment strategy, highlighting the potential to enhance corporate value from a risk-return perspective while preserving flexibility. 

“We have become even more convinced of Bitcoin’s future, and this decision is the result of extensive discussions. We understand the difference between seizing opportunities and playing it safe, as well as the distinction between a challenge and recklessness.” 

US Treasury Officially Removes Controversial Biden-era Reporting Rule 

In a big win for DeFi platform compliance with the Internal Revenue Service (IRS), the US Treasury Department officially removed the controversial DeFi broker reporting rules. The Biden-era rule required DeFi platforms to issue IRS 1099-DA forms for all user transactions. The repeal was part of an earlier act in which the US Congress repealed the rule. President Donald Trump signed the bill in April. Several DeFi-friendly congressmen viewed the rule as a burden on DeFi platforms. They also believed it went against the principles of decentralization. 

Under the new reporting rules, DeFi platforms will be exempt from several compliance requirements. These include know your customer (KYC) rules and transaction reporting. Additionally, the Congressional Review Act mechanism also ensures the IRS cannot issue a substantially similar rule in the future unless authorized by Congress. However, the repeal is applicable only to non-custodial DeFi applications, with centralized exchanges still subject to 1099-DA forms. 

Bitcoin (BTC) Could Move To $120,000 

Predictions that Bitcoin’s (BTC) latest rally could soar past $120,000 during its latest bull run are on track, with the flagship cryptocurrency crossing $118,000 during the ongoing session and showing no signs of slowing down. While BTC is soaring to record levels, altcoins are emerging as bigger winners, with Ethereum (ETH) crossing the crucial $3,000 mark, and Ripple (XRP) surging past $2.50. ETH is up over 8%, while XRP is up 7%, with buyers firmly in control. BTC broke past $112,000 on Thursday after weeks of trading in range, and continued its uptrend on Friday. Analysts have stated that there is clear evidence of renewed spot demand and conviction buying. 

“Bitcoin’s latest breakout above $112,000 confirms the market has broken out of its ‘indecisive’ phase. There's clear evidence of renewed spot demand and conviction buying.”

The flagship cryptocurrency’s market dominance has also reached multi-year highs. Strong ETF demand, exchange outflows, and corporate treasuries are giving significant bullish signals for the Bitcoin market. 

Altcoins Surge 

Bitcoin’s (BTC) dominance jumping to multi-year highs has raised questions about altcoins. While BTC is cornering significant capital, altcoins have significant potential for a rally. According to analysts, an altcoin rally could likely come down to macroeconomic factors. 

“Right now, the trend favors Bitcoin. But just beneath it, altcoins are quietly positioning for a late-summer rotation. But if macro shocks hit (a hawkish Fed pivot or geopolitical escalation), Bitcoin could spike in dominance as risk appetite vanishes.”

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) has soared to a new all-time high just hours after crossing $112,000 on Thursday. The flagship cryptocurrency’s latest push was powered by strong demand from retail and institutional investors, and the crypto-friendly policies of the Trump administration. According to analysts from Sygnum Bank, BTC’s latest rally is being driven by its growing recognition as a safe-haven asset. Katalin Tischhauser, the head of research at Sygnum Bank, stated that BTC has outperformed and has been decoupling on days when the S&P 500 and broader markets corrected. 

“This has been supported by Bitcoin’s increasing status as a safe haven asset in the face of fiat debasement, also confirmed by the first US state signing a Bitcoin reserve bill into law, following the federal Bitcoin reserve established by Executive Order.”

Bitcoin reserves across centralized exchanges have also been declining since April, a sign of long-term confidence in the asset. Declining reserves could lead to a supply shock-driven rally. The flagship cryptocurrency raced to a new all-time high of $118,403, barely 24 hours after it crossed $112,000. BTC’s jump past $118,000 triggered a wave of liquidations, wiping out over $1 billion in short contracts in 24 hours. According to data from Coinglass, the value of shorts liquidated on July 10 is the single-largest liquidation event this year. Long contracts worth $120 million were also liquidated in the same timeframe, highlighting the market’s renewed bullish momentum. Derivatives exchange Bybit accounted for most of the liquidations, with $291 million in contracts liquidated, 98% of which were shorts. HTX saw $138 million in liquidations while Gate ($71.8 million), OKX ($54.62 million), and Binance ($54.56 million) completed the top 5. 

Analysts pointed out that the current breakout is far calmer and structurally sound, and highlighted that despite the surge, important indicators suggest the market is not overheated. BTC’s MVRV ratio stands at 2.2, significantly lower than the overheated levels seen during rallies in March and December 2024. There has also been a shift in investor behavior. Analysts noted that during previous bull markets, short-term holders made up around 30% of the market. However, the current rally has seen that number drop to 15%, meaning less volatility and a lower risk of sudden selloffs. Miners have also remained relatively quiet, while retail investors are largely missing. 

BTC has mostly traded positively since last Tuesday’s low of $105,328. The flagship cryptocurrency recovered from this level, rising nearly 3% and settling at $108,845. Buyers retained control on Thursday as BTC crossed $110,000 for the first time since May, reaching an intraday high of $110,583. The price registered a marginal decline from this level and settled at $109,637. Despite the positive sentiment, BTC was back in the red on Friday, dropping 1.41% to $108,097. Price action returned to positive over the weekend as BTC rose 0.19% on Saturday and nearly 1% on Sunday to reclaim $109,000 and settle at $109,231.

Source: TradingView

BTC started the current week in the red, dropping almost 1% to $108,273. However, market sentiment began picking up, with the price rising 0.62% on Tuesday and settling at $108,942. Buyers retained control as BTC rose over 2%, briefly crossing $112,000 for the first time before settling at $111,255. Bullish sentiment intensified on Thursday as BTC raced to an intraday high of $116,401 before settling at $115,159. The flagship cryptocurrency soared past $118,000 during the ongoing session, reaching an intraday high of $118,403 before moving to its current level of $117,255, up almost 2%.

Ethereum (ETH) Price Analysis

Ethereum (ETH) is on the verge of reclaiming $3,000, a level the world’s second-largest cryptocurrency has not seen since February 2025. ETH is up nearly 7% in the past 24 hours, as the crypto market soars to new highs. The price had lagged behind BTC this cycle, but the narrative has finally turned bullish thanks to growing ETF inflows and tokenization narratives fueling investor confidence. If ETH closes above $3,000, it could trigger another rally, taking it past the $3,500 mark.

Data analytics platform Swissblocks highlighted that the current scenario for ETH is more bullish than Q2, potentially marking the beginning of alt season. ETH inflows have gained momentum, with institutional demand also rising. Chicago Mercantile Exchange (CME) ETH futures open interest jumped to $3.27 billion, the highest since February 2. The jump suggests increased institutional positioning, indicating a growing appetite among investors to gain exposure to ETH.

ETH registered a sharp drop on Tuesday (July 1), dropping over 3% to $2,407. Despite the bearish sentiment, the price recovered on Wednesday, rising nearly 7% to cross the moving averages and settle at $2,572. Buyers retained control on Thursday as ETH rose 0.79%, reaching an intraday high of $2,636 before settling at $2,592. However, it lost momentum on Friday, dropping over 3% and settling at $2,509. ETH recovered over the weekend, rising 0.35% on Saturday and over 2% on Sunday to settle at $2,572.

Source: TradingView

Despite the positive weekend, ETH was back in the red on Monday, dropping 1.12% to $2,543. The price rebounded on Tuesday, rising nearly 3% to cross $2,600 and settle at $2,616. Bullish sentiment intensified on Wednesday as ETH rose almost 6% to cross $2,700 and settle at $2,770. Buyers retained control on Thursday as the price reached an intraday high of $3,001 before settling at $2,950. The current session sees ETH up over 1%, trading around $2,981. If ETH closes above $3,000, it could extend its rally beyond $3,500. The MACD and RSI show strong bullish sentiment, but ETH could see a small correction before resuming its rally.

Solana (SOL) Price Analysis

Solana (SOL) lost momentum during the ongoing session, with the price marginally down after reaching an intraday high of $166. SOL crossed the crucial $160 mark on Thursday when it raced to $165 before closing at $164. The altcoin’s uptick came amid a jump in market activity as 23-hour trading volumes rose 19% to $4.9 billion, indicating that traders could be readying for a potential breakout. Institutional interest in SOL is also picking up, adding weight to an already-bullish scenario as altcoins get dragged higher by BTC’s jump to a new all-time high. Despite SOL’s impressive performance, it remains substantially lower than its January peak of $294. Analysts, including James Seyffart and Eric Balchunas, predict that a Solana ETF could be approved by October.

SOL registered a substantial drop last Tuesday, falling over 5% to $147. Despite the selling pressure, the price recovered on Wednesday, rising almost 4% to reclaim $150 and settle at $152. SOL reached an intraday high of $156 on Thursday but lost momentum after reaching this level and fell back to $152. Selling pressure intensified on Friday as the price dropped over 3%, slipping below $150 and settling at $147. Sellers retained control on Saturday as SOL registered a marginal decline. However, it recovered on Sunday, rising almost 3% to reclaim $150 and settle at $151.

Source: TradingView

SOL was back in the red on Monday, dropping almost 2% and settling at $148. Despite the bearish start to the week, the price recovered on Tuesday, rising nearly 2% to reclaim $150 and settle at $151. Buyers retained control on Wednesday as SOL rose 3.54%, crossing the 50-day SMA and settling at $157. Bullish sentiment intensified on Thursday as the price soared past $160, reaching an intraday high of $165 before settling at $164. The current session sees SOL marginally down as it runs into resistance around the 200-day SMA. A break above this level could see the price reach $200.

Ripple (XRP) Price Analysis

Ripple (XRP) finally broke above the 200-day SMA and the resistance around $2.20, with bulls controlling the momentum. With a clear bullish structure forming, analysts predict a further uptrend, potentially pushing XRP past $2.70. XRP has largely traded below $2.40 since the end of April, except for a surge to $2.65 in mid-May. The token is up almost 6% in the past 24 hours and over 16% in the past week.

XRP started the previous week in positive territory despite facing selling pressure and volatility. However, it lost momentum on Tuesday, dropping almost 3% to $2.17. Bullish sentiment returned on Wednesday as the price rose nearly 3%, soaring to an intraday high of $2.30 before settling at $2.23. Buyers retained control on Thursday as XRP rose 1.10%, crossing the 50-day SMA and settling at $2.25. However, it lost momentum on Friday, dropping 1.65%, slipping below the 50-day SMA, and settling at $2.22. XRP registered a marginal decline on Saturday before rising over 2% to end the weekend at $2.27.

Source: TradingView

XRP raced to an intraday high of $2.35 on Monday. However, it lost momentum after reaching this level and dropped to $2.27, ultimately registering a marginal decline. Buyers returned to the market on Tuesday as the price rose almost 2% and settled at $2.31. XRP continued pushing higher on Wednesday, rising over 4% to cross the 200-day SMA and settle at $2.40. Bullish sentiment intensified on Thursday as XRP rallied nearly 6% to cross $2.50 and settle at $2.54. The current session sees XRP up almost 2%, trading around $2.59.

Filecoin (FIL) Price Analysis

Filecoin (FIL) plunged below the 20-day SMA on Monday (June 30), dropping to $2.30. The price continued dropping on Tuesday, falling nearly 5% and settling at $2.19. Despite the overwhelming selling pressure, FIL recovered, rising over 8% to cross the 20-day SMA and settle at $2.37. Buyers retained control on Thursday as the price rose almost 1% and settled at $2.39. However, FIL lost momentum on Friday, dropping nearly 6% and settling at $2.25. Selling pressure persisted on Saturday as the price registered a marginal decline. However, it recovered on Sunday, rising 1.38% to end the weekend at $2.28.

Source: TradingView

FIL started the current week on a bearish note, dropping 0.38%. The price recovered on Tuesday, rising 1.59% and settling at $2.31. Buyers retained control on Wednesday as FIL rose 5.55% and settled at $2.43. Bullish sentiment intensified on Thursday as the price rallied, rising almost 6% to cross the 50-day SMA and settle at $2.58. The current session sees FIL up 1.50%, trading at $2.62 as buyers look to push the price higher.

Dogwifhat (WIF) Price Analysis

Dogwifhat (WIF) started the previous week in the red, registering a marginal decline on Monday before dropping nearly 10% on Tuesday and settling at $0.784. Despite overwhelming selling pressure, WIF recovered on Wednesday, rising almost 16% to cross the 20-day SMA and settle at $0.909. Buyers retained control on Thursday as the price rose 1.54% and settled at $0.923. Selling pressure returned on Friday as WIF plunged over 8% to $0.847. Sellers retained control on Saturday as WIF faced selling pressure and volatility, ultimately remaining at $0.847. However, it recovered on Sunday, rising 3.54% and settling at $0.877.

Source: TradingView

Price action was back in the red on Monday as WIF fell almost 4% after failing to cross the 200-day SMA and settled at $0.843. The price registered a marginal recovery on Tuesday and moved to $0.850. Bullish sentiment intensified on Wednesday as WIF rallied, rising nearly 13% to cross the 50 and 200-day SMAs and settled at $0.960. Buyers retained control on Thursday as WIF reclaimed $1 and settled at $1.04. The current session sees the price down over 1%, trading around $1.03.

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.