Bitcoin Kicks Off the Week Eyeing $108,000

Bitcoin Kicks Off the Week Eyeing $108,000

Today BTC rose almost 1 %, trading around $108,275, following former President Trump’s June 29 message urging Republicans to “make it all up, times 10, with growth,” dismissing deficit concerns. Analysts like Will Clemente say this underscores a growing narrative: loose fiscal policy will fuel inflation, weakening the dollar and cementing Bitcoin and gold as preferred hedges

As inflation narratives dominate, expect elevated volatility and continued bid for hard assets. With macro uncertainty rising, Bitcoin looks poised to attract renewed institutional and retail interest today.

Ethereum is gaining favor in the markets, with ETH trading hovering around $2500, up by almost 3% outperforming Bitcoin due to bullish headlines and regulatory clarity for stablecoins as Ethereum is home to most stablecoin deposits.

The global crypto market cap stands at $3.33 trillion, up by 1.12% in today’s trade.

Moving on to US based crypto ETFs… Last Week, Spot Bitcoin ETFs witnessed net inflow of $2.2 billion. Whereas Spot Ether ETFs saw a net inflow of $283 million.

Strategy co-founder Michael Saylor signaled the company’s 11th consecutive week of Bitcoin purchases, a streak that began on April 14.

The publicly listed Spanish company Vanadi Coffee has announced a shareholder-approved plan to invest up to €1 billion in Bitcoin.

Japanese Bitcoin treasury firm Metaplanet has surpassed mining company Cleanspark in becoming the fifth-largest corporate holder of Bitcoin after buying another 1,005 BTC for $108 million. The firm now holds 13,350 BTC acquired for around $1.31 billion at around $97,832 per Bitcoin. At current market prices, the treasury is worth $1.45 billion.

Toronto-based Bitcoin Treasury Corporation has wrapped up the first leg of its aggressive Bitcoin accumulation strategy, snapping up 478.57 BTC for C$70 million. The purchase lifts the company’s total stash to 771.37 BTC

The Blockchain Group confirms the acquisition of 60 BTC for EUR 5.5 million, with total holding of 1,788 BTC, and a BTC Yield of 1,270.7% YTD

UNI, PEPE, AAVE and FARTCOIN are up by 5%. Whereas, HYPE and SPX6900 are up by 7%.

The token for the Ethereum layer-2 blockchain, Arbitrum, gained 17% over the day amid speculation that the network will announce a partnership with US trading platform Robinhood Markets Inc. on Monday. ARB is trading around $0.36.

Real-world asset (RWA) tokenization on the Aptos blockchain has gained significant momentum in recent months, with the total value of onchain assets surpassing $540 million, driven by multiple deployments from traditional asset managers. Hence, APT is up by almost 3%, trading around $4.91.

Outlook

Markets enter the week on edge as traders brace for key macro signals and central bank commentary. All eyes are on Fed Chair Jerome Powell’s Tuesday appearance at the ECB forum, alongside global central bank heads. While Powell maintains a cautious stance on rate cuts, political pressure mounts—Trump criticized the Fed for keeping rates “artificially high.”

Meanwhile, U.S. labor data, including May’s Job Openings and Labor Turnover Survey (JOLTS) and June payrolls, could shift rate expectations. Tariff negotiations nearing the July 8–9 deadline and ongoing dollar weakness further add to volatility. For crypto, rising uncertainty in traditional markets could boost safe-haven demand for Bitcoin and other digital assets, especially if dollar softness continues.

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