The price of
Bitcoin is recovering from a sharp decline
and a clear brilliance for the digital currency AAVE
The price of
- Bitcoin has witnessed sharp fluctuations since Sunday evening
- as the price touched the $107,000 barrier before falling
- by more than $5,000, then rising again.
The peak recovery was some $106,600
with relative stability above the $104,000 level to date.
This fluctuation
pushed Bitcoin's market value to about $2.090 trillion, with
market dominance continuing at 60.7%, according to the “coingecko” platform.
Bitcoin's price decline began at the end of last week
when the price fell below $102,000 on Thursday.
However
the currency quickly recovered part of its losses, exceeding $103,000 on Friday
and remained moving sideways until Sunday evening.
Then a strong rise began
reaching $107,000 for the first time since January, before falling again to
a level close to $102,000, then rebounding towards $106,600.
Coinciding
- with the fluctuation of Bitcoin's movement
- most alternative digital currencies
- recorded noticeable gains.
The price of
Ethereum increased by 5.5% to exceed $2,500.
As for Ripple
it was able to defend an important support level
and is currently trading at $2.35.
Currencies such as SOL, TRX, SUI, LINK, AVAX, SHIB, HBAR
and TAO posted daily gains of up to 7%.
However
AAVE stood out in particular, as its price jumped by more than 20% to reach $265
outperforming most digital currencies with a large market capitalization.
Thanks to these moves
the total market value of cryptocurrencies increased by about $100 billion
within one day, reaching $3.42 trillion according to coingecko data.
Bitcoin continues to rise
driven by a decline in currency supply on platforms
and increased investor interest in long-term accumulation.
The Binance platform witnessed
the withdrawal of
more than 3,090 Bitcoins worth $325 million, in addition to :
- large inflows of Ethereum from Binance and Kraken, which reflects
- the decline in available liquidity and enhances the chances of
- a continued rise if demand remains high.
“CryptoQuant”
data indicates that these moves coincide with notable institutional developments
such as “Circle”'s readiness for a public listing and reports of
potential acquisition deals involving Coinbase and Ripple.
The current “MVRV” ratio of 2.33, which remains below the historical take profit
threshold of 2.75, indicates that the market has not yet reached saturation.
In a seasonal context
although summer usually witnesses a market recession
summer 2025 looks different.
Factors such as Federal Reserve decisions, potential tariffs in July
and upcoming US legislation around digital assets are keeping anticipation high.
Bullish activity
is also seen in the options markets at the $110 and $120,000 levels
indicating expectations of further volatility and rises.
In general
technical and market indicators support the continued recovery of Bitcoin
with the possibility of momentum expanding in the coming period.