The EURJPY pair ended the bearish correctional trend quickly, leaning on forming extra support on 170.45 level, renewing the attempts of pressing on the resistance of the bullish channel at 172.30.

Note that the continuation of the contradiction between the main indicators might decelerate the chances for breaching the current resistance, which forces it to provide mixed trading, and there is a chance for forming correctional waves to target 171.40 level, reaching the mentioned extra support, while breaching the resistance and holding above it will open the way for achieving extra gains that might extend towards 172.85 and 173.45.

The expected trading range for today is between 171.40 and 172.30

Trend forecast: Fluctuated within the bullish track

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.

Despite the stability of the GBPJPY pair within the bullish channel’s levels, its continuous pressure for the negative pressure by stochastic exit from the overbought level, besides forming an important obstacle against the bullish attempts, these factors support the chances for forming more of the correctional trading, targeting 197.85 and 197.40 level.

The price success to step above 199.00 and providing a positive close, reinforcing the chances for gathering the positive momentum, to attempt to target several positive stations by targeting 199.60 and 200.35 level.

The expected trading range for today is between 197.85 and 199.00

Trend forecast: Bearish correctionally

Platinum price succeeded in settling in the last trading above $1366.00 level, announcing its surrender to the main bullish scenario, recording some of the gains waited on Friday by reaching $1403.00.

Stochastic attempts to provide positive momentum will increase the chances of resuming the bullish attack, to wait for attacking the barrier at $1420.00 and surpassing it to extend the trading towards $1457.00 forming the main target in the near trading.

The expected trading range for today is between $1365.00 and $1420.00

Trend forecast: Bullish