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Bitcoin (BTC) continued to trend higher on Monday, on track to set a new all time high this week, as retail investors watch for the President Donald Trump’s tariff deadline and the upcoming ‘Crypto Week’ in Washington.
Bitcoin’s price was trending at round $108,750 during pre-market U.S. hours, having climbed 0.6% in the last 24 hours. It is around 2.8% below its all-time high of nearly $112,000 reached in May, earlier this year. However, on Stocktwits, retail sentiment around the apex cryptocurrency remained in ‘neutral’ territory.
Ethereum (ETH) was on a stronger rally that Bitcoin on Monday morning. Ethereum’s price was trading at around $2,560, having gained more than 2% in the last 24 hours.
This comes as Bitcoin investment products saw $790 million of inflows last week, a slowdown from the previous three-week average of $1.5 billion, with dynamics shifting in favor of Ethereum,, according to CoinShares latest report. It noted that investors might be becoming more cautious about investing in Bitcoin as it approaches all-time high price levels.
Meanwhile, Dogecoin (DOGE) rallied 4.2% during the same the period. Dogecoin’s price was at around $0.1715 in pre-market U.S. hours. Solana (SOL) gained 3.5% in the last 24 hours, while Cardano (ADA) was up 1.6% and Ripple’s XRP (XRP) rose 1.2%.
The deadline of the 90-day pause on U.S. repiprocial tariffs ends on Wednesday, July 9. Come next Monday, three key crypto legislations will be up for discussion in the House of Representatives – the CLARITY Act, the Anti-CBDC Surveillance State Act and the Senate’s GENIUS Act.
“Bitcoin is likely to set a new all-time high this week or next,” the head of research at 10x Research, Markus Thielen, told Cointelegraph.
The overall cryptocurrency markets had dipped more than 2%, trading at a valuation of $3.4 trillion on Monday morning.
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