Cryptocurrency markets showed mixed activity on Wednesday morning, with Bitcoin leading gains while Ethereum, XRP, and Dogecoin traded flat. Investors are closely monitoring the impending ratification of the 'Big Beautiful Bill' in the House, which could significantly impact market sentiment.
Current Crypto Market Snapshot
| Cryptocurrency | Ticker | Price |
|---|---|---|
| Bitcoin | BTC | $107,839.78 |
| Ethereum | ETH | $2,453.46 |
| Solana | SOL | $149.38 |
| XRP | XRP | $2.18 |
| Dogecoin | DOGE | $0.1617 |
| Shiba Inu | SHIB | $0.00001138 |
Key Market Insights
Large Transaction Volume:
- Bitcoin's large transaction volume increased by 22.7%, while Ethereum's rose by 11.6% (IntoTheBlock data).
- Daily active addresses for Bitcoin grew by 5.4%, whereas Ethereum saw a 2% decline.
Liquidations:
- Over the past 24 hours, 100,377 traders were liquidated, totaling $257.54 million (Coinglass data).
ETF Outflows:
- Spot Bitcoin ETFs recorded net outflows of $342.3 million**, while spot Ethereum ETFs saw **$40.7 million in outflows (SoSoValue data).
Trader Perspectives and Market Sentiment
Bitcoin's Bullish Signals
Crypto trader Titan of Crypto highlighted Bitcoin's clean bounce off cloud support, now targeting a key trendline. A confirmed golden cross—a bullish technical indicator—suggests the potential for a breakout.
"Bitcoin Golden Cross Confirmed! BTC bounced right off the cloud and is now heading back to the trendline. Next test could be the breakout."
— Titan of Crypto (@Washigorira) July 2, 2025
Ethereum's Historical Parallels
Mister Crypto observed Ethereum mirroring its 2021 price action, indicating a possible final retest before a major upward move:
"This $ETH setup is so similar to 2021. If history repeats, this is the final retest before price explodes upwards."
— Mister Crypto (@misterrcrypto) July 2, 2025
Altcoin Outlooks
- Solana: Rebounded from $140 support**, with **$195 as the next resistance (Crypto General).
- Dogecoin: Weekly ADX shows a lower low—a pattern preceding past bull runs (Trader Tardigrade).
FAQ Section
1. What is the 'Big Beautiful Bill' and how could it affect crypto?
The bill’s ratification may influence regulatory clarity and institutional adoption, potentially boosting market confidence.
2. Why is Bitcoin outperforming Ethereum and others?
Bitcoin’s dominance often rises during uncertainty due to its status as a "digital gold" safe haven.
3. Should investors be concerned about ETF outflows?
Short-term outflows are common; long-term trends depend on macroeconomic factors and regulatory developments.
4. What does a golden cross mean for Bitcoin?
It signals a potential shift from bearish to bullish momentum, historically preceding price rallies.
5. Is Dogecoin’s ADX pattern reliable?
While past patterns don’t guarantee future results, ADX trends have correlated with Dogecoin’s breakout phases.
6. How high could Solana climb if it breaks $195?
A sustained break above $195 could target $220–$250, depending on broader market conditions.
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This analysis combines technical indicators, trader insights, and macroeconomic context to provide actionable market perspectives.