Crypto Price Analysis 7-14: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, CHAINLINK: LINK, THETA NETWORK: THETA

The crypto market rally resumed after a lull over the weekend, as Bitcoin (BTC) and other cryptocurrencies registered substantial increases as the new week began. BTC surged to yet another all-time high, racing to $121,209 at the time of writing, with bulls firmly in control. The flagship cryptocurrency remained relatively calm over the weekend. However, price action picked up Monday, with BTC up nearly 3% over the past 24 hours, trading around $121,390. Meanwhile, Ethereum (ETH) resumed its upward trajectory as well, rising over 3% to reclaim $3,000 and move to its current level of $3,042. Ripple (XRP) is up almost 6%, trading around $2.93 as it looks to move past $3. Solana (SOL) is also trading in positive territory, with the price up 3.39%, trading around $167. A continuation of bullish momentum could see the price cross $170. Dogecoin (DOGE) is up over 5%, while Cardano (ADA) is trading around $0.208. Stellar (XLM) , Hedera (HBAR) , Chainlink (LINK) , Toncoin (TON) , Litecoin (LTC) , and Polkadot (DOT) also registered substantial gains. Lawmakers Set To Vote On Crucial Crypto Bills US lawmakers are set to pass three crucial bills for the blockchain industry this week, aptly dubbed “crypto week.” According to prominent industry figures, the bills will help bring clarity and help the industry grow by creating laws governing stablecoins and a clear crypto market structure. Congress is also debating a law preventing the central bank from creating a central bank digital currency (CBDC). The industry has found support on both sides of the aisle, with Democratic and Republican lawmakers making several amendments to the bills under consideration. However, market watchers are wondering if the bills will pass, given that lawmakers only have a week to consider bills with tremendous economic implications. Crypto companies have lobbied hard to urge Congress to pass the bills. Coinbase CEO Brian Armstrong stated that “America is ready for crypto.” However, participants on Polymarket don’t reflect the sentiment, giving the CLARITY Act only a 52% chance to pass. The act has been criticised for being a “crypto cash grab” and a means for companies to avoid regulation by the United States Securities and Exchange Commission (SEC). Americans for Financial Reform (AFR) panned the bill, stating, “[The bill] is a massive deregulatory bill backed by a gusher of campaign cash and lobbying muscle from ultra-wealthy venture capital firms and crypto billionaires. The bill will enrich them at the expense of consumers, communities, and financial stability.” It also raised concerns about President Trump’s crypto dealings, noting that the bill did not contain any provisions to address corruption and ethical concerns. Senator Elizabeth Warren stated, “Under the House bill, a publicly traded company like Meta or Tesla could simply decide to put its stock on the blockchain and — poof! — It would escape all SEC regulation.” The GENIUS Act has come under similar criticism. Senator Cynthia Lummis claims that the Senate has made considerable revisions to address the concerns of Democratic lawmakers. Bank Of England Issues Stablecoin Warning Bank of England (BOE) governor Andrew Bailey warned banks against issuing stablecoins, stating that the BOE should adopt tokenized deposits instead. According to Bailey, stablecoins threaten the fabric of the financial system and could cause governments to lose control of fiat currencies. He added that the Bank of England should not join the European Union in pushing for a central bank digital currency (CBDC) or issue a digital pound. The governor’s concerns have been echoed by several EU officials who argue that a dollar stablecoin could disrupt the financial system and damage the euro in global currency markets. RWAs Are The New ETFs Christopher Perkins, President and Managing Partner of investment firm CoinFund, believes Real-world asset (RWA) tokens can help democratize access to investments previously inaccessible to retail traders. Perkins compared them to exchange-traded funds (ETFs) and how they expanded access to financial assets. Perkins stated during an interview, “I believe tokens are the new ETFs. Ordinary people cannot access private markets. They’re private by their nature. And if you look in the US today, about 81% of companies — this is a BlackRock stat — with $100 million in revenue are private.” According to Perkins, tokenized RWAs, which trade 24/7 on globally accessible markets, reduce information asymmetry that keeps retail traders out of private placements under current investment laws. This leaves ordinary investors with little access to the most exciting and innovative companies. Perkins believes tokenized RWAs offer a highly compelling use case for blockchain technology and how it can increase capital velocity, enable equity financing through asset fractionalization, create new collateral for DeFi applications, overhaul current capital formation structures, and democratize investor access. Bitcoin (BTC) Price Analysis Bitcoin (BTC) resumed its rally, starting the new week with a move past $120,000. The flagship cryptocurrency is setting new highs as we write, racing to a high of $123,091 before registering a marginal decline and moving to current levels. The flagship cryptocurrency’s rally took a breather over the weekend after surging past $118,000 on Friday. The price registered a marginal decline on Saturday before resuming its uptrend on Sunday, rising almost 2% to end the weekend at $118,624. The current session sees BTC up nearly 3%, trading around $122,000. Investor sentiment has been buoyed by the expectation that the US House of Representatives will debate and pass key bills during the week, including the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. If the bills are passed, they could establish a comprehensive regulatory framework governing stablecoins, crypto asset custody, and the broader crypto ecosystem. Some crypto experts predict that BTC could hit $150,000 before the end of the year. However, they warned that markets could see a dip before it makes such a move. Others, including Anton Gontarev, commercial director at Bitcoin mining firm Intelion, believe $130,000 is the nearest target for BTC. The flagship cryptocurrency’s rally is being driven by unprecedented institutional interest. Spot Bitcoin ETFs have registered record inflows, with BlackRock’s IBIT hitting a record $83 billion in assets under management (AUM). IBIT’s AUM has tripled in 200 trading days, with the ETF currently holding over 700,000 BTC. Bloomberg ETF analyst Eric Balchunas stated, “$IBIT blew through the $80b mark last night, fastest ETF to get there in 374 days, about 5x faster than the previous record, held by $VOO, which did it in 1,814 days. Also at $83b, it’s now the 21st biggest ETF overall.” On-chain metrics indicate BTC could keep rising. The Long-Term Holder Net Unrealised Profit/Loss sits at 0.69, significantly lower than the 0.75 level typically linked with overheated markets. Bitcoin network activity has also registered a gradual yet substantial increase, and is yet to show signs of panic or profit-taking. Average transactions have risen from 340,000 to 364,000 over the past two days, but are significantly below labels seen during past rallies. “There are no signs of active coin selling in the market. This strengthens both the fundamental and technical bullish signal.” BTC reached an intraday high of $110,583 on Thursday (July 3) as markets rallied. However, it lost momentum on Friday, dropping 1.41% and settling at $108,097. The price recovered over the weekend, registering a marginal increase on Saturday and then rising nearly 1% on Sunday to reclaim $109,000 and settle at $109,231. BTC started the previous week in the red, dropping almost 1% to $108,273. The price recovered on Tuesday, rising 0.62% and settling at $108,942. Bullish sentiment intensified on Wednesday as BTC soared over 2% to cross $110,000 and settle at $111,255. Source: TradingView BTC raced to an intraday high of $116,393 on Thursday before settling at $115,159, ultimately registering an increase of 3.51%. Buyers retained control on Friday as the price continued its record-breaking rally, reaching a day high of $118,287 before settling at $116,885. The rally took a breather on Saturday as BTC registered a marginal decline and settled at $116,616. Bullish sentiment returned on Sunday as the price rose almost 2% to cross $118,000 and settle at $118,624. BTC has surged to a new all-time high during the ongoing session, with the price racing past $123,000 to a new high of $123,091 before registering a marginal decline and moving to its current level of $122,218. Ethereum (ETH) Price Analysis Ethereum (ETH) has also resumed its rally after a brief pause over the weekend, with the price up almost 3% during the ongoing session, having crossed the crucial $3,000 mark, a level not seen since February. The world’s second-largest cryptocurrency hit a multi-month high of $3,071, up over 120% from its lowest level this year. The increase has also pushed ETH’s market cap past $355 billion. Spot Ethereum ETFs maintained their positive streak, with inflows crossing the $5 billion mark. Ethereum ETFs added over $900 million last week, significantly higher than the $219 billion recorded the week prior. The jump was the highest since the ETFs secured approval in September. Surging ETF demand coincided with investors moving their ETH off exchanges, a sign of long-term confidence in the asset. ETH supply on exchanges has dropped from 10.6 million to 7.35 million. ETH’s price also jumped after SharkLink, a company listed on Nasdaq, bought over 10,000 ETH and outlined plans to make it the firm’s primary reserve asset. ETH reached an intraday high of $2,636 on Thursday (July 3) before settling at $2,592. Despite the positive sentiment, it lost momentum on Friday, dropping over 3% to $2,509, but not before reaching an intraday low of $2,476. The price recovered over the weekend, registering a marginal increase on Saturday before rising over 2% to settle at $2,572. ETH lost momentum on Monday, dropping 1.12% to $2,543 as it started the previous week in the red. The price recovered on Tuesday, rising nearly 3% to reclaim $2,600 and settle at $2,616. Source: TradingView 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. ETH’s momentum stalled as it faced resistance around $3,000. As a result, it could register only a marginal increase and settle at $2,956. The price action lost momentum on Saturday, registering a marginal decline to $2,942. However, it recovered on Sunday, rising almost 1% to $2,970. ETH has raced past $3,000 during the ongoing session, with the price up over 2%, trading around $3,040. Solana (SOL) Price Analysis Solana (SOL) has rebounded during the ongoing session as bullish sentiment returned after a substantial drop over the weekend. The price lost momentum on Friday after failing to cross the 200-day SMA, as selling pressure at upper levels overwhelmed buyers. SOL’s price action has mostly been bullish over the past few sessions. The price registered a sharp increase on Wednesday (July 2), rising nearly 4% to cross $150 and settle at $152. The price registered a marginal decline on Thursday before plunging over 3% on Friday, slipping below $150 to $147. SOL registered a marginal decrease on Saturday before rising nearly 3% on Sunday to reclaim $150 and settle at $151. Despite the positive sentiment, SOL was back in the red on Monday, dropping 1.97% to $148. Source: TradingView 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. SOL lost momentum on Friday after encountering selling pressure and volatility. As a result, it fell nearly 1% to $162. Sellers retained control on Saturday as SOL fell 1.38% and settled at $160. The price recovered on Sunday, registering a marginal increase and moving to $161. Bullish sentiment has returned during the ongoing session, with SOL up nearly 4%, trading around $165. Dogecoin (DOGE) Price Analysis Dogecoin (DOGE) crossed the 20-day SMA on Wednesday (July 2), rising over 7% to $0.168. The price continued pushing higher on Thursday, rising over 2% and settling at $0.172. Despite the positive sentiment, DOGE was back in the red on Friday, dropping over 5% to $0.163. DOGE recovered over the weekend, registering an increase of almost 1% on Saturday and then rising over 4% on Sunday to settle at $0.171. The popular memecoin started the previous week in bearish territory, dropping over 2% to $0.167. It recovered on Tuesday, rising 1.91% and settling at $0.171. Source: TradingView Buyers retained control on Wednesday as DOGE rose over 5% and settled at $0.180. Bullish sentiment intensified on Thursday as the price rallied nearly 9%, crossing the 50-day SMA and settling at $0.207. DOGE raced to an intraday high of $0.214 on Friday. However, it lost momentum after reaching this level and settled at $0.201, ultimately registering an increase of 2.55%. The price lost momentum on Saturday, dropping 1.89% to $0.197 before recovering on Sunday to register a marginal increase. The current session sees DOGE up almost 5%, trading around $0.207. Chainlink (LINK) Price Analysis Chainlink (LINK) raced to an intraday high of $14.08 on Thursday (July 3). However, it could not stay at this level and settled at $13.67, ultimately registering an increase of almost 1%. Buyers lost momentum on Friday as the price fell nearly 4% to $13.21. Despite substantial selling pressure, LINK recovered over the weekend, rising 0.33% on Saturday and over 2% on Sunday to settle at $13.50. The price was back in the red on Monday, dropping 0.54% to $13.43. LINK made a strong recovery on Tuesday, rising 4% to $13.97. Source: TradingView Buyers retained control on Wednesday as LINK rose 2.12% to reclaim $14, cross the 50-day SMA, and settle at $14.26. Bullish sentiment intensified on Thursday as the price rallied almost 7% to cross $15 and settled at $15.24. LINK raced to an intraday high of $15.86 on Friday. However, it lost momentum after reaching this level and dropped to $15.27, ultimately registering a marginal increase. Selling pressure returned on Saturday as LINK fell 1.16% to $15.10. However, it recovered on Sunday, rising nearly 4% to end the weekend at $15.65. The current session sees LINK up almost 4%, trading around 16.22 as buyers look to push the price above the 200-day SMA. Theta Network (THETA) Price Analysis Theta Network (THETA) registered a sharp jump on Wednesday (June 2), rising nearly 10%, crossing the 20-day SMA and settling at $0.719. The price registered a marginal increase on Thursday before dropping 4.50% on Friday and settling at $0.686. Sellers retained control on Saturday as THETA registered a marginal decline. However, it recovered on Sunday, rising 1.57% to end the weekend at $0.701. THETA started the previous week in the red, dropping over 2% and settling at $0.686. It recovered on Tuesday, rising 1.58% and settling at $0.697. Source: TradingView Buyers retained control on Wednesday as THETA rose nearly 6% to $0.738. Bullish sentiment intensified on Friday as THETA rose almost 8%, crossing the 50-day SMA and settling at $0.795. Despite the positive sentiment, the price lost momentum on Friday, registering a drop of almost 1% and settling at $0.788. Sellers retained control on Saturday as THETA registered a marginal drop. It recovered on Sunday, rising nearly 3% to cross $0.80 and settle at $0.810. The current session sees THETA up almost 2%, trading around $0.824. 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.

Source: Crypto Daily