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Cryptocurrency

Bitcoin En Route to $60K Recovery, XRP Leads Altcoin Push, Germany Sells Out: This Week’s Market Recap

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The cryptocurrency market has gone through a considerable rollercoaster in the past seven days, with the price action being as volatile as it can get. At the time of this writing, the total capitalization settled at around $2.5 trillion, up 3.5% during that period.

Bitcoin wasted no time and, on July 7th, pushed above $58K for the first time this week. The bears intercepted the move immediately and, on the following day, pushed it back below $55K, where buyers found a quick recovery only to bring it all the way back to $58K again… on the same day.

The entire week was more or less filled with this type of volatility. On Thursday, the US Bureau of Labor Statistics released the numbers for June’s Consumer Price Index, which clocked in at 0.1% less compared to the previous month. Markets took it as a sign of relief that inflation was slowing down, and Bitcoin surged immediately. Unfortunately, the move was for not, and the bears pushed it back below $57K.

Ultimately, BTC is currently trading at around $58K, but that’ rollercoaster was not the craziest thing that happened over the past seven days.

It appears that the German state that’s been selling massive amounts of BTC throughout the past week is finally getting closer to zeroing its holdings out. Many analysts are taking this as a sign that the pressure will be alleviated and that the prices might recover.

On the other hand, there’s the looming uncertainty of Mt. Gox creditors who receive their recoveries might start selling.

But enough about Bitcoin. Former US President and current presidential candidate – Donald Trump – will be making an appearance at a Bitcoin conference this month! This came as a shock to many, while others are associating it with the fact that he’s cozying up to the community because of the upcoming election later this year.

MicroStrategy—a well-known business intelligence firm and one of the largest corporate holders of Bitcoin—will be splitting its stock in a 10:1 ratio. The move was announced by its CEO, Michael Saylor, earlier this week, and MSTR shares popped on the news.

All in all, it’s been a very exciting week for most altcoins as well. They experienced similar volatility as Bitcoin, and some were even more volatile. For instance, XRP is up 9.1%, BNB is up 8%, and so forth.

It’s very interesting to see if the market will continue recovering now that the selling pressure from Germany is likely to decrease. If one thing is certain – we’re definitely in for exciting times ahead!

Market Data

Market Cap: $2.46T | 24H Vol: $71B | BTC Dominance: 50.9%

BTC: $58,022 (+2.6%) | ETH: $3,125 (+4.6%) | BNB: $532 (+8%)

market_update_cover

This Week’s Crypto Headlines You Better Not Miss

Illinois Court Confirms That Bitcoin And Ethereum Are Both Commodities: CFTC Chair. The Chairman of the United States Commodities and Futures Trading Commission (CFTC) – Rostin Benham – has stated that a court in Illinois has formally ruled both Bitcoin and Ethereum to be commodities.

Ethereum Hitting New Records: 47.36 Million ETH Stake in the ETH2 Beacon Deposit Contract. Data shared by the crypto analytics firm Santiment reveals that Ethereum has managed to hit a new record. It appears that a whopping 47.36 million ETH has been staked in the ETH2 Beacon deposit contract.

SEC Drops Investigation Into Paxos For BUSD Stablecoin. The United States Securities and Exchange Commission (SEC) has dropped its investigation into Paxos for the BUSD stablecoin. The company will not be charged by the SEC with issuing an unregistered security in the form of BUSD.

MicroStrategy (MSTR) Pops 3% After Saylor Announces 10 For 1 Stock Split. The business intelligence firm MicroStrategy will be doing a 10 for 1 stock split. This was announced by its CEO, Michael Saylor. MicroStrategy is the world’s largest corporate holder of Bitcoin.

Donald Trump to Take Stage at Bitcoin Conference This Month. Former US President Donald Trump will be taking the stage at the Bitcoin Conference that’s being held in Nashville from July 25th to 27th. The appearance comes as a surprise and is interpreted as a win for the community.

Sell-Off by Small Bitcoin Traders Contrasted by Increasing Whale and Shark Holdings. It appears that small Bitcoin traders are selling off their coins. On the flipside, whales and sharks (terms used to describe larger holders) are accumulating more – a dynamic showcasing the higher conviction of larger BTC holders.

Charts

This week, we have a chart analysis of Ethereum, Ripple, Binance Coin, Dogecoin, and Polkadot – click here for the complete price analysis.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Cryptocurrency

Bybit Expands Global Reach with Credit Card Crypto Purchases in 25+ Currencies and Cashback Rewards

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[PRESS RELEASE – Dubai, UAE, June 27th, 2025]

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event empowering users to buy crypto with over 25 local fiat currencies — bringing seamless access to digital assets to a broader global audience.

With just a few clicks, users can now purchase USDT, BTC, ETH, and more directly with their credit cards, while benefiting from real-time currency conversion and cashback of up to 10 USDT.

To further sweeten the deal, new users making their first transaction in a newly accepted currency will also receive an additional 5 USDT bonus, stackable with the cashback reward.

The supported local currencies include: PKR, ETB, ARS, LKR, RWF, AOA, KGS, MAD, AMD, TJS, ZMW, TZS, MZN, TMT, JOD, MWK, PYG, BTN, BHD, MVR, HNL, MGA, GTQ, CRC, and UYU.

This initiative shows Bybit’s goal to make crypto accessible everywhere. By making it easier to convert local currencies into crypto, more people can join the Web3 space with ease and confidence.

To participate, users simply need to visit the “One-Click Buy” page on Bybit’s platform, select their desired digital asset and payment currency, and link a Visa or Mastercard. Eligible participants must have completed Level 1 Individual Identity Verification or Business Verification.

Users should note that this offer is not available to customers in the European Economic Area. Full terms and conditions apply.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Cryptocurrency

Crypto Price Analysis June-27: ETH, XRP, ADA, SOL, and HYPE

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This week, we examine Ethereum, Ripple, Cardano, Solana, and Hype in greater detail.

Ethereum (ETH)

Ethereum closed the week with a 5% loss, but it managed to stay above the $2,400 support after a volatile period. This puts it back into a range that has been ongoing since early May, despite a brief visit to $2,100 recently.

On the daily timeframe, the MACD is about to create a bullish cross. If confirmed later, this could serve as a catalyst for higher price levels. The current resistance is found at $2,800, and buyers have to break above it if they want ETH to enter a sustained rally.

With Bitcoin sitting comfortably above $100K, the market remains optimistic. Ethereum could be a good performer in the second half of 2025, considering it has already completed a major correction between January and April of this year.

ETHUSDT_2025-06-27_13-02-43
Chart by TradingView

Ripple (XRP)

XRP is starting to resemble a stablecoin after its price has been hovering around $2 for months. Despite closing the week with a 4% loss, buyers continue to defend the support at $2 well.

In light of this flat trend, the momentum indicators are not very helpful in assessing direction. A much better indicator in such situations is the volume, which has been in decline since the ATH from December 2024. A falling volume is usually bearish, but unless the key support breaks, it’s too early to call it.

Historically, XRP has never stayed above $2 for this long. While this is encouraging, its 2024 rally from $0.5 to $3 happened in one month. This has left a huge gap on the weekly chart, which could be filled later. This hints at a drop under $2 as a likely possibility.

XRPUSDT_2025-06-27_13-03-20
Chart by TradingView

Cardano (ADA)

There were high hopes for ADA in 2025 after it ended 2024 with an impressive rally that took it to $1.3. Holders were hoping this price action would continue this year, but they were met with a long and painful downtrend that has been ongoing for six months now.

Only this week, this cryptocurrency fell by 7% which pushed it close to 55 cents. If selling intensifies, then the next key levels of support will be found at $0.50 and $0.45. At this time, bears continue to dominate, which makes lower prices likely.

Looking ahead, Cardano is competing in a very crowded market and struggles to attract much-needed attention. The volume shows selling has intensified lately, which only reinforces a bearish bias at this time.

ADAUSDT_2025-06-27_13-03-32
Chart by TradingView

Solana (SOL)

Solana fell by 4% this week, and buyers are currently trying to reclaim the resistance at $152. Their last two attempts were swiftly rejected by sellers who always returned in force, around $150. This shows aggressive selling into any buys, which is bearish.

On the positive side, the daily MACD shows the start of a bullish cross. If confirmed in the coming days, this could give bulls another opportunity to reach $152. Should they fail again, then the support levels at $130 and $118 may stop any sell pressure.

With buyers struggling, Solana remains in a downtrend. To change that, the current resistance has to turn into a support so that it can act as a spring for the price to move higher.

SOLUSDT_2025-06-27_13-03-47
Chart by TradingView

Hype (HYPE)

HYPE closes the week in red with a modest 1% loss. Although this is negligible, the cryptocurrency will likely continue its downtrend if it fails to secure $37 as key support in the near future. This correction comes after HYPE made an ATH at $46 in early June.

Should the price revisit its support levels at $35 and $32, that could be an excellent area for buyers to return, like they did in the past. Ideally, HYPE would make a higher low and then aim to return above $40.

Looking ahead, this cryptocurrency has already corrected by 32% from its ATH, which is significant. It would be surprising to see it make new lows. If that happens, then this correction will be extended and likely see the price fall under $30.

HYPEUSDT_2025-06-27_13-02-20
Chart by TradingView
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

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XRP Surpasses BTC, ETH in This Surprising Metric Despite SEC Lawsuit Roadblock

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TL:DR

  • Ripple’s lawsuit resolution against the US SEC will have to wait even longer as Judge Torres denied the two parties’ joint motion for an indicative ruling.
  • However, this seemingly negative development has turned the community bullish on XRP, according to data from Santiment.

As the analytics company informed, the bullish vs. bearish posts on social media in regards to the fourth-largest cryptocurrency have skyrocketed to a 17-day high.

Consequently, XRP has surpassed the two biggest digital assets by market cap, bitcoin and ether, both of which are performing a lot better in terms of price actions in the past week or so.

BTC managed to reclaim the $100,000 line after its brief hiatus below it and now sits at around $107,000 as the geopolitical environment in the Middle East improved. ETH also recovered from its substantial slump and is back to $2,400.

In contrast, XRP’s price has been trading downward for weeks and is currently below $2.1 after another 3-4% daily drop. The latest setback took place yesterday following Judge Torres’s decision to deny the joint motion filed by Ripple and the SEC for a quicker resolution in their lawsuit.

Nevertheless, it’s not all doom and gloom as the XRP token saw a major adoption announcement earlier this week, as you can check here.

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