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Bitcoin slips to $106,961.52, facing resistance near the $109K level.
Solana rises 0.92% amid news of the first US Solana staking ETF.
Metaplanet becomes the fifth-largest BTC holder after $108M Bitcoin buy.
The crypto prices today show a mixed trend. On July 1, 2025, the global crypto market cap is down by 0.95% to $3.3T as of 11.09 AM. Bitcoin and Ethereum are slightly down while altcoins like Solana, TRX, and XRP are gaining due to ETF optimism and fresh institutional interest. The overall market remains stable as investors await clarity on SEC decisions.
Here’s how the world’s top ten tokens are performing today:
Bitcoin (BTC) price today is at $106,961.52, reflecting a 1.32% decline in the past 24 hours. Analysts warn that if BTC dips below $106,000, nearly $1.07 billion in long positions on major exchanges could be liquidated.
Analysts warn that if Bitcoin dips below $106,000, over $1.07 billion in long positions could be liquidated across centralized exchanges. Conversely, a rise above $109,000 could trigger $1.15 billion in short liquidations, potentially sparking a mini-rally.
Ethereum (ETH) price today is down by 1.08% to $2,472.24. Despite the slight pullback, Ethereum has seen net inflows of $31.8 million into its US spot ETF. This signals growing investor interest in Ethereum-based financial products.
Most altcoins are in green today except Cardano, BNB, and Dogecoin. Here’s the rundown on the current altcoins' performance:
Solana (SOL) is trading at $152.70, up by 0.92% over the past 24 hours. The rally follows confirmation that the REX-Osprey Solana and Staking ETF will launch on Wednesday. The ETF will allow US investors to gain exposure to staked SOL and earn passive income. Analysts say the ETF could encourage wider adoption of altcoins among institutions.
ETF Store President Nate Geraci showed enthusiasm on the news. Geraci explained, “We’ll see what happens when the spot ETFs are approved. But XRP Army is 'way’ more passionate than I think people realize. If I had to rank passion based on my experience on this platform: 1) BTC, 2) XRP, 3) HBAR, 4) ETH, 5) SOL.”
XRP gained 1.55% to reach $2.22, while TRON (TRX) also saw minor gains of 0.88%. BNB and Cardano, however, remain in the red, showing daily losses of 0.29% and 0.21%, respectively.
Meanwhile, the influencer-backed popular memecoin, DOGE, has also registered significant losses. Dogecoin price today dipped 2.02% to $0.1635.
Also Read: Top Altcoins to Watch in July That May Outshine Bitcoin
Tether (USDT) and USD Coin (USDC) maintained their $1 pegs, offering steady liquidity to traders. USDT had a 24-hour volume of over $62 billion, indicating continued demand for stable digital assets.
The following key developments are influencing today’s market movements:
Solana ETF Launch: The REX-Osprey Solana Staking ETF will launch this Wednesday, providing exposure to spot SOL with staking yields. The SEC has shown a willingness to accommodate unique ETF structures, increasing optimism for future altcoin ETF approvals.
Kazakhstan’s Crypto Reserve: Kazakhstan’s central bank confirmed plans to establish a state-run cryptocurrency reserve. The reserve will likely be funded through national crypto mining operations and seized assets, introducing a sovereign digital investment model.
Metaplanet’s $108M BTC Purchase: Japanese firm Metaplanet has now acquired 13,350 BTC after buying another 1,005 BTC worth $108 million. This makes it the fifth-largest corporate Bitcoin holder, trailing only MicroStrategy, Marathon, Twenty One Capital, and Riot.
SEC ETF Approvals: There is optimism around the US SEC approving spot ETFs for Litecoin (LTC), Solana (SOL), and XRP. Bloomberg ETF analysts James Seyffart and Eric Balchunas have indicated a 95% probability of the approvals taking place this year. This development may result in an altcoin bull run with an increase in regulatory acceptance of cryptocurrencies.
While Bitcoin hovers just below a key support level, Solana and other altcoins are gaining from ETF optimism. Institutional moves like Metaplanet’s BTC buy and Kazakhstan’s reserve plans are reshaping crypto market dynamics. Traders should keep an eye on ETF developments and regulatory signals for further momentum.
Also Read: XRP Price Prediction: Breakout Setup, Technical Chart Patterns & Market Dynamics
1. Why is the crypto market down today?
Major tokens like Bitcoin and Ethereum dipped on June 30 due to technical resistance and market profit-taking.
2. What are today’s top news updates in crypto?
Solana ETF to launch Wednesday, Metaplanet bought $108M BTC, and Kazakhstan plans a national crypto reserve.
3. Could Bitcoin price fall further?
Yes, according to analysts, if Bitcoin price drops below $106K, long liquidations could trigger further declines.
4. How is Solana performing?
Solana is up 0.92% following news of its upcoming staking ETF in the US.
5. Is Ethereum still a good investment?
Yes, with $31.8M in ETF inflows, Ethereum shows rising institutional interest.
