It is a truth universally acknowledged, that a single cryptocurrency in possession of a good fortune, must be in want of a substantial increase in value. And so, the crypto market has begun the new week on a most bullish note, with an increase of nearly 2% to a staggering $3.38 trillion. Bitcoin, that most esteemed of cryptocurrencies, has bounced back to reclaim the lofty heights of $109,000, having spent most of the weekend languishing around $108,000.
Meanwhile, Ethereum, that most worthy of rivals to Bitcoin’s throne, has attempted to move past the $2,600 mark, but alas, was thwarted by the cruel hand of upper-level resistance. And yet, it remains up over 2% in the past 24 hours, trading around $2,577. Ripple, that most mercurial of cryptocurrencies, is up 2.29%, trading around $2.27, while Solana, that most radiant of newcomers, is up nearly 3%. Dogecoin, that most whimsical of memecoins, has registered a substantial increase of nearly 7% over the past 24 hours.
A Union of DeFi and TradFi?
Nelli Zaltsman, that most esteemed of experts in the field of blockchain payments innovation, has opined that the divide between decentralized finance (DeFi) and traditional finance (TradFi) may soon be a thing of the past. Speaking alongside Chainlink Labs co-founder Sergey Nazarov at the RWA Summit Cannes 2025, Zaltsman expressed her optimism regarding the potential for a convergence of these two seemingly disparate worlds.
“Our goal has always been to find the best way to work with the public blockchain, regulatory environment permitting.”
JPMorgan, that most venerable of financial institutions, has recently partnered with Chainlink to pilot a synchronized settlement technology, enabling the bank’s blockchain-based deposits to orchestrate transactions across multiple blockchains. Nazarov hailed this milestone as an exemplary instance of how banks can connect traditional capital with digital asset markets.
A Bounty of Seized Crypto
The US Secret Service, that most diligent of law enforcement agencies, has seized over $400 million in digital assets over the past decade, creating one of the largest crypto cold wallets in existence. According to Jamie Lam, an investigative analyst of some renown, the agency’s Global Investigative Operations Center (GIOC) tracked funds using open-source tools, blockchain analysis, and a healthy dose of patience.
“That’s how they do it. They’ll send you a photo of a really good-looking guy or girl. But it’s probably some old guy in Russia 😂.”
A Whale of a Tale
Blockchain intelligence firm Arkham has opined that the $8.6 billion worth of Bitcoin moved last week does not appear to be heading for a sell-off. Arkham believes that the transfers may be the owner upgrading from the original legacy wallet to a Native SegWit address, which offers improved security and lower fees.
“There are no indications that this whale is selling Bitcoin. Yesterday’s $8 billion transfers were possibly related to address upgrades, moving from 1-addresses to bc1q-addresses.”
Bitcoin Price Analysis
Bitcoin’s price action has picked up of late, fueled by optimism surrounding the upcoming “crypto week” in Washington. However, broader market sentiment remains cautious, thanks to growing uncertainty regarding President Trump’s shifting stance on tariffs. The flagship cryptocurrency dropped to a low of $107,340 on Friday before recovering over the weekend, with the price rising 0.19% on Saturday and nearly 1% on Sunday to reclaim $109,000.
Bitcoin faces a crucial week ahead, with two major catalysts set to dictate price action. The most important catalyst for Bitcoin and the broader market will be the upcoming July 9 tariff deadline. The US has reached agreements with several trading partners, but President Trump could revert to the high tariffs announced back in April.
Ethereum Price Analysis
Ethereum is marginally up during the ongoing session as it attempts a fresh move beyond the $2,550 resistance zone. The world’s second-largest cryptocurrency remained in positive territory over the weekend, despite falling to a low of $2,476 on Friday before reclaiming $2,500.
Ethereum faces immediate resistance around the $2,600 mark, with the key resistance level sitting at $2,620. A break above $2,620 and $2,650 could push the price beyond $2,700.
Solana Price Analysis
Solana extended its gains with the price marginally up during the ongoing session. The altcoin registered a sharp drop on Friday, falling over 3% to $147. However, it recovered on Saturday, rising nearly 3% to reclaim $150 and settle at $151.
“Bitcoin and Solana Cup and Handle Pattern on the monthly chart. $BTC has broken out of the handle while $SOL is still waiting for the breakout. This pattern sets $BTC and $SOL to targets of $230,000 and $4,390, respectively 🚀.”
Dogecoin Price Analysis
Dogecoin registered a sharp drop on Friday, falling to an intraday low of $0.156. However, it recovered from this level to register an increase of 1.38% and settle at $0.161. Price action remained positive over the weekend as Dogecoin rose 0.99% on Saturday and nearly 4% on Sunday to settle at $0.169.
Litecoin Price Analysis
Litecoin traded in positive territory over the previous weekend, rising 0.63% on Friday and settling at $84.82. Buyers retained control over the weekend as Litecoin rose 1.86% on Saturday and 0.73% on Sunday to settle at $87.90.
Cosmos Price Analysis
Cosmos has traded around the $4 level over the past few sessions, struggling to build momentum and push higher. The price registered a sharp drop on Thursday, falling nearly 3% to $3.89. However, it recovered on Friday, rising 0.61% and settling at $3.91.
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2025-07-07 16:37