Crypto Trades Sideways at $3.44T; ETFs, Treasury Buys Support
The post Crypto Trades Sideways at $3.44T; ETFs, Treasury Buys Support appeared on BitcoinEthereumNews.com.
Bitcoin is steady at $107,000 while the crypto market cap holds at $3.44 trillion. Grayscale mixed crypto ETF approved, Figma and American Bitcoin buy BTC. Fear & Greed Index at 63 indicates optimism despite sideways price action. The cryptocurrency market experienced sideways trading patterns with Bitcoin holding steady at $107,062, posting a minimal 0.06% gain. Ethereum dipped 0.71% to $2,447 as investors adopted defensive stances ahead of key market catalysts. The total market capitalization of cryptocurrencies stood at $3.44 trillion, with varying performance of leading tokens. Liquidations totaled $258.40 million in 24 hours, suggesting a moderate degree of leveraged trading. Arbitrum, Celestia, and ASI Alliance posted gains against the direction of the wider market. TKX, ALGO, and FART, however, extended recent losses as risk aversion pushed against levered positions. Regulatory Developments Support Institutional Adoption The Securities and Exchange Commission has approved Grayscale’s mixed cryptocurrency fund, creating an ETF structure that covers Bitcoin, Ethereum, XRP, Solana, and Cardano. This approval broadens institutional access to diversified crypto assets via regulated investment tools. Design platform Figma disclosed $70 million in Bitcoin ETF holdings through the IPO documentation. The company plans to invest an additional $30 million in Bitcoin, furthering its corporate treasury adoption trends. Eric Trump-backed American Bitcoin completed a $220 million funding round to acquire Bitcoin and mining equipment. The investment continues the trend of politically connected entities entering the cryptocurrency mining sector. Small-cap cryptocurrencies dominated daily action amid overall market flatness. STARTUP rose 61.1%, GOR increased by 50.4%, and SCA token increased by 49.1%. CBK token increased by 44.8% and PORTAL increased by 32.8% as investors rotated into smaller market-cap cryptos. Crypto Market Shows Greed Sentiment The Fear and Greed Index was 63, indicating a high level of greed sentiment, despite flat price action. The reading is a sign of underlying…
Filed under: News - @ July 2, 2025 8:22 pm