Bitcoin comfortable at $107K, and a big week for regulatory and economic events
📉 Bitcoin remains steady – Minimal difference between BTC’s daily high and low signals continued consolidation.
📈 Ethereum outperforms – ETH gained 9% over the week, adding another 1.5% in 24 hours.
📊 Sentiment firms up – The Fear and Greed Index ticked higher, now sitting solidly in Neutral territory.
📅 Big week ahead – Crypto ETF decisions, Powell’s speech, and US jobs data could shift market sentiment.
The difference between Bitcoin’s daily high and low yesterday was negligible, possibly pointing to further consolidation for the market-cap leader, which has also gained about 5.6% in price over the past seven days. Ethereum has outperformed with a 9% price rise over the same period, adding another 1.5% over 24 hours. Most other cryptocurrencies also edged into the green overnight, showing positive momentum on a longer timeframe. Against this backdrop, the Fear and Greed Index has edged higher and now sits firmly in Neutral.
Looking ahead, several key events this week could influence investor sentiment. The Securities and Exchange Commission may approve another crypto ETF on Wednesday. On Tuesday, Fed Chair Jerome Powell is scheduled to speak at a European Central Bank forum, and US jobs numbers are due at the end of the week. Some analysts suggest that if unemployment ticks upward, it could pressure the Fed to lower interest rates sooner, which could move sentiment for risk-on assets like crypto and equities.
In the markets…
🌍 Total crypto market cap ↗️
The global crypto market cap is approximately $3.31 trillion, up 0.5% over the past 24 hours.
🟠 Bitcoin (BTC) ↗️
Price: $107,680, up 0.93% in the last 24 h
Daily high: $108,771
Daily low: $107,361
📈 S&P 500 ↗️
SPY is currently up about 0.5% since yesterday’s close.
😐 Fear & Greed Index
The Crypto Fear & Greed Index stands at 52/100, indicating a neutral sentiment among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for BTC is approximately 44, still in the neutral zone (30–70).
Data is accurate as at 07:42 GMT, 30 June.
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
