Bitcoin’s Recovery Above $108,000
Following a shaky morning, Bitcoin rebounded to hover just above $108K. Bulls are watching closely for a move past the descending trendline, aiming at resistance near $110.5K—an area recently tested but not breached fxstreet.com+8fxstreet.com+8barrons.com+8.
Macroeconomic & Tariff Headwinds
Markets on edge as the 90-day tariff pause on U.S. imports is set to end Wednesday. Nations that fail to secure trade deals may face levies of up to 40% starting August 1. China has issued warnings against this escalation, saying it will respond to protect its interests fxstreet.com+1barrons.com+1.
ETFs and Institutional Cash Inflows
Digital asset funds logged $1.04 billion in inflows last week. Bitcoin spot ETFs attracted about $790 million, while Ethereum saw around $226 million of interest. Although smaller than the average $1.5 billion weekly inflows from recent weeks, the continued inflow suggests persistent institutional appetite as BTC nears record levels fxstreet.com.
On-Chain & Technical Outlook (Bitcoin)
Bitcoin is trading above its key EMAs—50-day ($105K), 100-day ($101.5K), and 200-day (~$95.6K). The MACD is hinting at bullish momentum, but the Money Flow Index is slipping (~55), which might delay a strong breakout fxstreet.com.
Altcoin Snapshot
Ethereum
ETH is holding its ground above $2,500, supported by its 50-, 100-, and 200-day EMAs (~$2,458, $2,402, and $2,474 respectively). A MACD crossover remains intact, and the next upside target lies between $2,633 and $2,880. A climb above $3K could be on the horizon if momentum continues fxstreet.com.
XRP
XRP is stuck near $2.29, constrained by a descending neckline since January. Support rests at the 50- and 100-day EMAs (~$2.21 and $2.22). A breach above this downtrend could propel XRP toward May highs around $2.65, followed by the psychologically appealing $3.00 mark .
Key Takeaways
| Asset | Current Price | Outlook |
|---|---|---|
| Bitcoin | ~$108K–$110K | Testing resistance; ETFs still drawing capital |
| Ethereum | ~$2,500+ | Consolidating above support, MACD bullish |
| XRP | ~$2.29 | Coiling beneath trendline, breakout potential |
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Investor vigilance is high given the impending tariff developments and ongoing trade negotiations.
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Technicals continue to favour BTC and ETH, even amid cautious money flow indicators.
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Altcoin setups like XRP could spark sharp moves if key technical thresholds are crossed.
In short, crypto markets are showing resilience despite incoming trade-related uncertainties, supported by strong ETF inflows and bullish technical indicators—ones to watch closely this week are the looming tariff actions and market reactions.
