The cryptocurrency market started July with stronger price action across several leading digital assets. Bitcoin, Ethereum and Solana posted gains after holding key support levels during June.
Market data also showed higher on-chain activity suggesting that network usage increased as prices recovered. While the broader market remained cautious, the latest move placed attention on whether the recovery can continue over the coming weeks.
The latest market recovery remained concentrated in the largest cryptocurrencies. According to CoinMarketCap data, the combined market value of the top eight crypto assets reached about $1.71 trillion. That represents roughly 78.8% of the total cryptocurrency market capitalization of approximately $2.17 trillion.
Bitcoin continued to hold the largest share of the market at about 57.8% while Ethereum accounted for around 9.8%. Together, the two assets represented more than two-thirds of the total crypto market. As a result, their price movements continued to influence overall market direction.
Bitcoin gained nearly 9% over four days during early July. Ethereum also maintained support above key price levels after recovering from June lows.
CoinDesk stated that “the recent recovery in the crypto market has still been primarily driven by a small number of top-tier assets.” The report also noted that increased market concentration means price movements in Bitcoin and Ethereum continue to shape broader market performance.
Market participants also monitored network activity. Data showed that 24-hour active addresses on several blockchain networks increased from mid-June, indicating stronger user participation during the recent recovery.
Price action during June established several support zones across major cryptocurrencies. Bitcoin found buying interest near $60,000. Dogecoin attracted support around $0.078, while BNB stabilized near $557. XRP also held buying interest close to $1.05 before later testing lower levels.
Ethereum maintained demand near $1,559 during the same period. Solana remained above the $60 level, while TRX held support near $0.31. HYPE also maintained its support area around $52.99. These price levels continue to serve as important reference points as traders monitor market strength.
By the end of June, Bitcoin, Dogecoin, BNB, and XRP briefly traded below their earlier support levels before recovering. CoinDesk reported that “selling pressure had not yet fully subsided” during that period. However, Solana, TRX, and HYPE remained above their June lows throughout the market pullback.
The stronger support seen in those assets separated them from several larger cryptocurrencies that temporarily broke below previous support areas. Their ability to remain above key levels became one of the main observations during the June trading period.
The market recovery widened during early July as more major cryptocurrencies moved higher alongside Bitcoin. If current momentum continues, CoinDesk reported that Bitcoin could revisit the mid-June level near $67,050. Dogecoin, BNB, and XRP could also retest previous trading levels around $0.091, $630, and $1.30.
Solana recorded one of the strongest performances among leading cryptocurrencies. The asset moved above its mid-June high and traded beyond $75. According to the report, continued buying could allow Solana to approach the $98 level if market conditions remain supportive.
Other digital assets also remained under close watch. TRX continued to monitor resistance near $0.37 while HYPE tracked the $76 to $80 range. Ethereum also remained positioned for a possible retest of the $2,395 level if buying activity continues.
Alongside price gains, blockchain activity also improved. Rising active addresses across several networks suggested increased user engagement during the recovery period.
Also Read: Solana Price Prediction: Will SOL Reclaim $80 After $60 Support Bounce?
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