Crypto Market Faces Volatility Amid Major Developments and Pending Token Unlocks

Cryptocurrency prices show significant levels, with Bitcoin at $105,673, Ethereum at $2,516, XRP at $2.18, BNB at $650.18, and Solana at $150.35. Liquidations amount to $84.25 million overall, split into $23.85 million longs and $60.40 million shorts. The recent rally in Trump coin following a statement about a large purchase plan faded quickly after a 6% rise, indicating short-term enthusiasm without sustained support. The Argentine president Javier Milei was exonerated in a fraud case related to $LIBRA, removing political uncertainty. Coinbase has settled a legal dispute with Bit Global over unfair competition, clearing a potential regulatory hurdle. In July, a large tranche of Trump tokens will be unlocked, likely increasing supply and putting downward pressure on the price. Deutsche Bank is contemplating launching its own stablecoin or joining an industry initiative, signaling growing institutional interest in digital assets. Among altcoins, Arena and DLC are leading gains with +57.8% and +40.6%, respectively, while Ever and Zeus are among the biggest decliners. Overall, the market exhibits mixed signals—short-term volatility, upcoming token unlockings, and institutional developments suggest cautious optimism. The significant short liquidation and the quick fade of Trump's rally highlight underlying bearish pressures despite recent positive movements.