Bitcoin Is Mixed Amid Various News

Trump announces "Applying Tariffs on Jul. 9 as Noticed"
Cryptocurrencies Down In The Morning On Trump Announcement
"SEC Simplifies Process for Approving Altcoin ETFs" News Released
On the Afternoon of the 2nd, Altcoin-Focused Rising Represented

The cryptocurrency market, including Bitcoin(BTC), was mixed on Jul. 2 with various materials mixed.

After visiting Florida the previous day, U.S. President Donald Trump solidified his policy stance on a private jet, saying, "We will not extend the tariffs announced from the 9th." President Trump announced that he would not extend the grace period for mutual relations, turning the market's hopes into fear, leading to morning buying and falling cryptocurrency markets.

However, after news broke that the U.S. Securities and Exchange Commission(SEC) was considering simplifying the approval of the cryptocurrency spot exchange-traded fund(ETF), leading to a rise centered on altcoins.

Bitcoin crossed the $106,000 mark, while potential spot ETF approval candidates such as Solana(SOL), XRP, Ada(ADA) and Dogecoin(DOGE) rose.

◇Bitcoin = Bitcoin price is $106,928 at 4:30 p.m. on Jul. 2, 2025. Bitcoin's share(Dominance) was 65.49%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 43.21% and 56.79%, according to on-chain analytics platform Sigbtc.

Experts expressed optimism in Bitcoin from a long-term perspective.

"It may be difficult for Bitcoin to surpass $110,000 unless there is a new catalyst," said Valentin Fournier, a senior research analyst at cryptocurrency analyst BRN. "Short-term momentum has weakened, but given the accelerating pace of Bitcoin purchases in the corporate finance sector, strong signals are still valid from a mid-term perspective."

Market analyst Scott Melker also said on his SNS on the 2nd, "Bitcoin is solidifying its position as a means of avoiding political uncertainty and inflation," adding, "As macroeconomic instability increases, long-term demand will also increase."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jul. 2 was StormX (STMX), up about 136% on the day alone.

StormX's surge is attributed to a sharp increase in transaction taxes following the delisting of Upbit.

Upbit said on the 20th of last month that it will end StormX's trading support by members of the Digital Asset Exchange Joint Consultative Grou (DAXA).

StormX is a cryptocurrency created to integrate the worldwide freelance market. It aims to reduce brokerage fees and provide accurate services while connecting people who need work without intermediaries with those who find work.

StormX tokens can be rewarded by participating in work or occupation through Storm Market.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 63 points. The Greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be cautious about selling products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 50.7, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr