Crypto Market Opens July With Modest Gains

The crypto market started the second half of the year with slight gains, recovering marginal losses from the weekend. Total market capitalization climbed to around $3.44 trillion, remaining within its established two-month range.

Bitcoin edged higher, revisiting the $109,500 level and aiming to reclaim $110,000. The price is now within 2.2% of its all-time high, suggesting that a breakout could be on the horizon if macroeconomic sentiment remains favorable.

Ethereum also saw upward movement, briefly touching $2,600 during Sunday trading. However, it once again met strong resistance, stalling the rally despite recent positive momentum.

On the economic front, key data and events are expected to shape market behavior this week. Monday brings updated figures on consumer credit, offering insight into borrowing and spending trends. Business sentiment and energy outlooks are due Tuesday, which may influence investor risk appetite.

Midweek, markets will analyze central bank meeting minutes for clues about interest rate direction. While rate cuts in July appear unlikely, broader economic indicators could shift expectations for future policy.

In addition, upcoming deadlines related to global trade tariffs, along with significant bond auctions scheduled through Thursday, could introduce short-term volatility across traditional and digital markets.