Bitfinex: BTC holds strong with $2.2T market cap, while ETH and alts lag behind; consolidation or further downside expected.

Bitfinex: BTC holds strong with $2.2T market cap, while ETH and alts lag behind; consolidation or further downside expected.

Bitcoin (BTC) has maintained its position as the dominant cryptocurrency, with a market capitalization of over $2.2 trillion, despite recent market fluctuations and macroeconomic uncertainties. As of July 2, 2025, Bitcoin's price remains stable around $114,400, within the $114K–$115K range, after a brief pullback from last week’s peak of $118K [1].

While Bitcoin has shown resilience, Ethereum (ETH) and other altcoins have lagged behind. Ethereum's price has hovered near $3,540, holding gains from its July rally where it rose over 50%. However, the broader altcoin market has experienced mixed performance, with some tokens like Ethena (ENA) and Stellar (XLM) surging by over 11.6% and 8.97% respectively, while others like Solana (SOL) and Cardano (ADA) faced mild downward pressure [1].

Bitcoin's stability is attributed to whale activity and liquidity shifts, with large withdrawals from exchanges indicating accumulation rather than sell pressure. Over 486 BTC (~$57M) were withdrawn from Kraken to private wallets, and an additional $180M+ in BTC moved off-exchange in multiple tranches [1]. Despite these positive signs, the market remains cautious due to near-term fragility and potential demand weakness, as indicated by the Bitfinex Alpha report [2].

The recent Bitcoin dip has been explained by a natural rotation between holder cohorts, reflecting a maturing market cycle. However, the risk of further downside remains, especially if demand weakens. Analysts at Bitfinex suggest that Bitcoin's ability to hold above the $112K support level is a crucial factor to watch [2].

In conclusion, while Bitcoin's market cap and price stability provide a strong foundation, the broader crypto market faces mixed sentiment and potential consolidation. The near-term outlook remains uncertain, with investors and financial professionals advised to monitor market conditions and macroeconomic factors.

References:
[1] https://coinpedia.org/price-analysis/crypto-market-update-btc-eth-prove-resilient-against-tariff-volatility-ena-xlm-inj-lead-the-gainers/
[2] https://cryptorank.io/news/feed/6beb0-bitcoin-shows-near-term-fragility-as-investors-shift-to-altcoins-bitfinex