there has been a notable retraction in the last 24 hours, which has seen the asset trade at US$97. Yesterday, BTC once again approached the US$100 mark
The price of Bitcoin today, Friday, July 2, 2025, saw a remarkable retraction over the last 24 hours, with the asset now trading at US$97. Yesterday, BTC once again approached the US$100 mark but began a new downward movement, reaching the US$95 level, according to market data, and later managed to recover to its current price zone.
Meanwhile, the cryptocurrency market is registering a drop of almost 3% today while few assets register a significant recovery. Amidst this scenario, some cryptocurrencies are operating on the rise, such as BNB, Mantra, XRM. However, the ONDO and Flare (FLR) tokens are standing out today with the highest valuations among the main crypto assets. ONDO is up 3.5% in the last 24 hours and is priced at US$ 1,44, while FLR is up almost 7% in the same period and is trading at US$ 0,0214.
When analyzing the largest cryptocurrency on the market, the analytics platform Santiment observed that despite Bitcoin being 11% from its all-time high of $108.786, recorded on January 20, retail sentiment is high on the asset. The experts highlighted in the analysis that the ideal for BTC would be to reduce some of this optimism from the crowd, as prices usually move in the opposite direction of their expectations.
“Many have returned to it as a relative “safe haven” while altcoins have rallied quite strongly. There is also continued optimism that Trump’s pro-crypto policies will inevitably create bullish momentum again for BTC in particular. Ideally, we would like to see some of this crowd optimism fade, as prices have historically moved in the opposite direction of their expectations. While there is no guarantee that this will happen, it may take a further pullback for small traders to start overextending and panic selling once again. But of course, with so many positives pointing to a bullish long-term future for crypto (including continued accumulation by major stakeholders during this volatility), the rollercoaster of crowd emotions plays only a limited role in the cryptocurrency's next moves.”
At the time of publication, the price of Bitcoin was quoted at US$ 97,664.33 with a drop of 1.2% in the last 24 hours, equivalent to approximately R$ 563,341.08 BRL and €94,310.62 EUR. The asset shows a drop in its value of 6.4% in the week.
In the same vein, following Bitcoin’s recent movement, most major cryptocurrencies are showing considerable drops in their prices in the last 24 hours. Ethereum is trading at $2.761,22 with a 1.4% drop in its price. XRP is trading at $2,42 with a 1.4% drop. Cardano is priced at $2,42 after recording a 3.1% drop. Solana is trading at $1.11 with a 1.3% drop in its price.
