Crypto Assets
BTC
Bitcoin started the week on a positive note and rallied to the $66,000 level. However, it failed to sustain those gains, leading to profit booking that pushed the price back toward the $63,000 level. Overall, the cryptocurrency market continues to reflect mixed sentiment amid ongoing global macroeconomic and geopolitical developments. On the daily chart, the RSI is hovering around the 50 level, suggesting the potential for a positive reversal if buying momentum strengthens. Additionally, the Stochastic Oscillator is in the oversold zone at 21, indicating that fresh buying interest could emerge in the near term. The next key resistance level is positioned around $67,800.
ETH
Ethereum climbed to a fresh high of $1,981, reaching the key resistance zone between $1,980 and $2,030. Despite facing resistance, ETH continues to exhibit bullish momentum, with the daily RSI holding above the 56 level, indicating sustained buying strength. Additionally, the Stochastic Oscillator is in the oversold zone at 22, suggesting the potential for fresh buying interest to build in the coming sessions. Looking ahead, ETH is likely to face immediate resistance around the $2,030 level, followed by the next major resistance at $2,105 in the coming week.
SOL
Solana remained range-bound throughout the week while continuing to exhibit underlying bullish strength. On the daily chart, the RSI stands at 45, indicating that bullish momentum has slowed but remains intact. Meanwhile, the Stochastic Oscillator has declined to 18, entering the oversold zone, which suggests the potential for a short-term price recovery if buying interest returns. On the upside, SOL is likely to face immediate resistance near the $78.65 level, followed by the next key resistance at $82.30.
Note: The crypto market cap is at $2.19 trillion, as of date.
Market News
- Strategy posts an $8.22 billion Q2 unrealized loss as Bitcoin’s average price falls below $75,476.
- Strategy CEO Phong Le says the firm remains committed to becoming the world’s largest Bitcoin buyer.
- CLARITY Act update: Treasury chief urges Senate vote before recess.
- Solana: 100M CU blocks go live on mainnet – 29 July 2026.
- South Korea to tax crypto gains.
- Bitcoin ETFs saw only $205 million in net inflows during July.
- ETH faces $1.016 billion in long liquidations below $1,825, according to Coinglass data.
- Crypto exchange Luno cuts 20% of its workforce.
- Hyperscale Data sells 100 BTC to fund its Michigan AI data center.
- BitMine buys 27,801 more ETH and now holds 4.8% of the total supply.
Events in July & August
- Major Token Unlocks: EIGEN & SUI
- Major Crypto Conferences:
SEC decision deadline on Spot Solana ETFs – 31 July
Blockchain Rio 2026 – 11-13 August
Wyoming Blockchain Symposium – 17-20 August
Coinfest Asia 2026 (Bali) – 20-21 August
Bitcoin Asia 2026 (Hong Kong) – 27-28 August
Weekly Support and Resistance Levels
| Coins | CMP | Support 2 | Support 1 | Trend | Resistance 1 | Resistance 2 |
| BTC | $63,380 | $58,200 | $61,080 | Positive | $66,700 | $68,400 |
| ETH | $1,907 | $1,735 | $1,815 | Positive | $2,030 | $2,120 |
| SOL | $74.20 | $67.65 | $71.10 | Neutral | $78.15 | $82.35 |
| BNB | $589 | $529 | $556 | Negative | $633 | $659 |
| HYPE | $55.10 | $50.05 | $54.20 | Positive | $60.30 | $65.65 |
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