The price of (Silver) settled in its last intraday trading, as a truce to catch its breath to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals emergence, gathering its positive strength amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
The price of (Gold) rose in its last intraday trading, succeeding to breach the current resistance level at $3,365, after it succeeded in offloading its clear overbought conditions on the (RSI), to notice the beginning of positive overlapping signals on them, opening the way for achieving more of the gain, amid the continuation of the dynamic support that is supported by its trading above EMA50, and under the domination of the main bullish trend on the short-term basis and its trading alongside a bias line.
The price of (EURUSD) rose in its recent intraday levels, supported by the beginning of the positive signals appearance on the (RSI), after reaching oversold levels in attempt to offload this condition and offloading some of its previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, which prevents its recovery on the intraday basis, especially with its trading within bearish correctional channel’s range on the short-term basis.
Therefore, our expectations suggest a decline in the (EURUSD) price in its upcoming intraday trading, if the resistance level settles at 1.1710, to target the support level at 1.1635.
Expected trading range for today: Between the support at 1.1635 and resistance at 1.1710
Today’s forecast: Bearish
Strong inflows into U.S.-listed Bitcoin exchange-traded funds (ETFs).
Bitcoin prices rose during Monday’s trading, extending gains for the second consecutive day and continuing to set new all-time highs, with trading above the $120,000 level for the first time in history.
This surge comes amid strong inflows into U.S.-based Bitcoin ETFs, and a strong demand from institutional investors, and supportive policies from the administration of U.S. President Donald Trump toward cryptocurrencies.
Price Overview
• Bitcoin Price Today: On the Bitstamp exchange, the price of Bitcoin rose by $2,308, or 1.94%, to reach $121,448, marking a new all-time high. It opened today’s trading at $119,140, with the lowest level recorded at $118,972.
• The settlement on Bitstampt exchange on Sunday, Bitcoin prices closed Sunday with a 1.4% gain in the fifth increase in the past six days, amid record demand for the leading cryptocurrency.
• The world’s largest digital currency “Bitcoin” recorded a 9% gain last week, marking its third consecutive weekly rise.
Cryptocurrency Market Capitalization
The total cryptocurrency market capitalization rose by over $20 billion on Monday to reach $3.818 trillion, the highest level since December 2024, driven by Bitcoin’s record-breaking rally and rising Ethereum prices.
Strong Inflows into Exchange-Traded Funds
Bitcoin exchange-traded funds (ETFs) added approximately $1.03 billion on Friday on the final session of the week. This marked the seventh consecutive day of new inflows into these U.S.-listed products, bringing the total to around $3.735 billion.
On Thursday, July 10, these ETFs recorded their largest daily inflow of 2025, with a value of $1.18 billion.
Bullish Catalysts
Joshua Chu, Co-Chair of the Hong Kong Web3 Association, stated that Bitcoin’s new record highs are being driven by continued institutional accumulation, as major players are taking advantage of limited supply and draining liquidity from exchanges.
In March, President Donald Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He also appointed several crypto-friendly figures, including Paul Atkins as Chairman of the Securities and Exchange Commission, and David Sacks as the White House’s AI Czar.
The U.S. Congress is nearing the approval of new legislation to regulate digital currencies in the United States.
Trump family companies
Trump family businesses have made a strong entry into the world of cryptocurrencies. Trump Media & Technology Group (DJT.O) is reportedly planning to launch a cryptocurrency-focused exchange-traded fund (ETF) to invest in multiple digital assets, including Bitcoin, according to a filing submitted to the U.S. Securities and Exchange Commission (SEC) last Tuesday.