WMA: Bitcoin Remains Bullish and Altcoins Thrive Despite Political Turmoil
Get the weekly summary of crypto market analysis, news, and forecasts!
This Week’s Summary
The crypto market ends the week at a total market capitalization of $3.36 trillion.
Bitcoin increased by over 1% to trade at around $109,000.
Ethereum gained nearly 5% to trade at around $2,550.
XRP is up 4%, Solana is up 1%, and Dogecoin is up 4%.
Almost all altcoins are trading in the green, with nearly no exceptions.
The DeFi sector decreased the total value of protocols (TVL) to around $116 billion.
Crypto Trends 30 June – 6 July 2025: Market Analysis and Performance
The crypto market holds its ground despite several events in the turbulent world of global politics, especially those on US soil. The past week saw further developments in the conflicts between Ukraine and Russia and between Israel and Iran, respectively. Furthermore, US President Donald Trump passed the now infamous $5 trillion legislation “One Big Beautiful Bill,” which will lift the debt ceiling and roll back expensive governmental programs, among other things. These events shook the global financial world. However, the crypto market did not crumble under pressure, as it sometimes does. On the contrary, most cryptocurrency assets have recorded impressive gains. Even the market capitalization increased to around $3.36 trillion.
Bitcoin is up by only a little over 1% this week. It may not seem much to the inexperienced eye. However, crypto market experts see this movement as a stabilizing and comforting event. The king of cryptocurrencies has experienced a seesawing trend in the past few months, mainly due to extreme volatility. Its recent trajectory suggests that BTC is poised to solidify its position above $100,000 before aiming higher.
Ethereum continues its power run, following a 5% increase. The second crypto in command has been trading in the green for the past two weeks. It is a refreshing sight, especially for Ethereum supporters, after many had feared that ETH could drop below $ 2,000. As it stands, Ethereum is well-positioned to tackle the $3,000 level.
Altcoins & DeFi
Most altcoins are trading in the green, with only a few exceptions. For example, XRP is up 4%, Solana is up 1%, Cardano is up 5%, Avalanche is up 2%, Sui is up 5%, Chainlink is up 1%, Hyperliquid is up 4%, and Stellar is up 3%.
The memecoins also joined the crypto market uptrend. For instance, Dogecoin is up 4%, Shiba Inu is up 3%, and Shiba Inu is up 4%.
The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is down 3%, The Sandbox is up 4%, and Floki is up 14%. Meanwhile, Decentraland is up 6%, Render is up 1%, and ApeCoin is up 2%. Stacks decreased by 2% and MultiversX by 1%. On the other hand, Virtuals is up by 1%.
The DeFi sector added over $8 billion to the total value of locked-in protocols (TVL), surging to around $116.04 billion.
Crypto Market Analysis – What’s in the News?
A US judge ruled that the legal fight over nearly 40,000 BTC between Celsius and Tether must continue.
Next Week’s Crypto Market Forecast
The cryptocurrency market continues to add value with every passing week, albeit modestly. Still, it is exciting to see most cryptocurrencies holding their ground in the face of political and financial adversity. Hopefully, the recent positive trend will continue for the rest of the year.
The post WMA: Bitcoin Remains Bullish and Altcoins Thrive Despite Political Turmoil appeared first on Crypto Adventure.
Filed under: Bitcoin - @ July 6, 2025 6:09 pm