Overview

• Bitcoin briefly surpassed $112,000 on July 9 before trading back under $110,000 and holding within a narrow range.
• Crypto exchange-traded funds saw net inflows for a twelfth consecutive week, driving assets under management to a record $188 billion.
• On-chain activity and trading volumes for Bitcoin have fallen to their lowest levels in nearly two years, pointing to a summer market lull.
• Major altcoins saw mixed profit-taking, with Solana and Dogecoin retreating while Ether hovered near $2,600 and XRP traded around $2.26.
• Bitcoin’s resilience in the face of renewed U.S. tariff threats highlights growing institutional demand and insulation from policy volatility.