Bitcoin reached a record weekly close near $110,000, showing resilience amidst the recent movement of $8 billion in dormant whale BTC, tariff concerns, and a lack of liquidity due to holiday trading. After peaking, Bitcoin stabilized just below $108,000, while major cryptocurrencies experienced profit-taking; Solana (SOL) dropped 2.3% to $149 and Dogecoin (DOGE) fell 4.1%. Ether (ETH) and XRP remained stable, hovering around $2,530 and $2.26, respectively. The broader Asian markets were steady despite new tariff announcements, as President Trump indicated a willingness to engage in trade discussions. Analysts suggest that Bitcoin could exceed its previous high of $112,000 this month, spurred by strong institutional demand and ETF inflows. Ethereum is also expected to gain momentum, potentially testing $3,000 by July's end, though market volatility remains a concern. The anticipated Federal Reserve rate cut in September may further catalyze these activities.

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