Crypto Market Watch: Bitcoin Approaches Historical Highs, Meme Coin Craze Continues

Market Overview

Bitcoin broke through $108,500 over the weekend, just a step away from the record weekly closing price of $109,000. Analysts point out that Bitcoin is testing the key liquidity area of $109,000, with market focus on whether it can break through and hold this level. Some believe that based on historical halving cycle patterns, Bitcoin may reach its bull market peak in September or October 2025. The market may currently be at the end of a bull market, and the next 2-3 months will be critical.

Ethereum outperformed Bitcoin, with a weekly closing price breaking 2500 USD and a 7-day increase of 12.23%. On-chain data shows a potential bullish trend, with some traders expecting ETH to possibly reach 3000 USD in the short term. The activity in the Ethereum ecosystem has increased, with Arbitrum-related news driving ARB up by 17.4%.

The Meme coin market remains hot, with the Meme coin creation tool Moonshot Create launched by Moonshot introducing multiple new projects. Among them, $MONKEPHONE, $MOONCOIN, and $RICH have market capitalizations of around $7 million, while $MOONCAT reached a high of $3.11 million. Projects like $MORI and $USELESS have also shown independent market trends, with the latter rising over 1700% in the past month and its market cap exceeding $200 million.

Key Data

• Bitcoin price: $108,379, annual increase of 15.67%
• Ethereum price: $2,500.45, year-to-date decline of 25.2%
• Fear and Greed Index: 52 (Neutral)
• Market share: BTC 64.7%, ETH 9.1%
• 24-hour liquidations: 80,868 people, total amount $201 million

ETF Capital Flow

• Bitcoin ETF: Net inflow for 14 consecutive days, with the latest single-day inflow of 501 million dollars.
• Ethereum ETF: Single-day net inflow of $77.4472 million

Recent Important Events

• Vitalik will participate in a fireside chat hosted by a trading platform in Cannes on July 1.
• The U.S. Senate votes on the "Beautiful Big Bill"
• The governors of major central banks around the world will hold a panel discussion.
• Multiple projects are about to welcome token unlocks, including Optimism, Kamino, Across Protocol, and Sui.

Market Highlights

• Data shows that 27% of South Koreans aged 20-50 hold cryptocurrency, and 70% intend to expand their investments.
• The RWA market size grew by 85% year-on-year to $24 billion, becoming the second fastest-growing sector after stablecoins.
• A well-known venture capital firm has once again transferred a large amount of COMP tokens to a certain trading platform.
• A large asset management company has increased its Bitcoin holdings for 9 consecutive weeks, with a total increase of approximately 107,000 coins.
• The chairman of the U.S. Digital Asset Financial Advisory Committee suggests that the allocation of cryptocurrency in portfolios can increase to 10-40%.

The crypto market is showing a positive trend, with increasing institutional participation. Bitcoin is approaching its historical high, the Ethereum ecosystem is active, and the Meme coin craze continues. However, the market also faces potential pressures such as token unlocks, and investors need to remain vigilant and pay attention to future developments.