Bitcoin (BTC) Rebounds Sharply to $109,600

Bitcoin (BTC) rebounded sharply to $109600 in late Sunday trading, finding fresh momentum after President Donald Trump announced a delay in imposing

Bitcoin (BTC) made a strong recovery in late Sunday morning trading, rebounding to $109,600 as several factors combined to create some bullish pressure on the crypto market.

Among the key developments, President Donald Trump announced a delay in imposing a 50% tariff on European Union goods, which had been due on Monday, July 9. The new deadline for the tariffs has been set for August 9.

The deferment, decided upon in an effort to reach a trade deal with the EU, provides both parties with more time to finalize negotiations. This move is expected to have a positive impact on markets, which had been showing signs of strain due to the pending tariffs.

As of 06:45 ET (10:45), Bitcoin was trading at $109,600, up 3% over the past 24 hours. BTC showed resilience despite a 5% price decrease following the recent breach of the $110,000 mark.

On the other hand, Ethereum (ETH) showed promise as it approached the critical $2,700 level, a level that could trigger a move towards $3,000.

Ethereum: Technical Analyst Highlights Crucial Level For A $3K Price Target

Early Sunday morning saw Ethereum trading at $2,570, a 2.34% increase over the last 24 hours. This rise followed a 17% surge in trading volume, catching the attention of technical analysts.

According to crypto analyst Ted Pillows, ETH was forming an inverse head-and-shoulders pattern on the 12-hour chart, a technical formation that usually precedes a significant price increase.

“[This is] an excellent opportunity to buy some DEFI tokens or provide liquidity to those who want to trade it. Critical neckline at $2,700. If we breakout of this, we could hit $3k quickly,” said Pillows.

The crucial “neckline” for this pattern is located at the $2,700 mark, a level that has rejected Ethereum’s price advances twice. A decisive breakout above this $2,700 level could propel ETH up towards the $3,000 psychological milestone, which would mark an impressive 17.4% rally from its current levels.

The potential for a rapid price increase is further highlighted by the fact that, in the past, when BTC experienced a 17% rally from a low of $9,000, it unfolded over a period of 100 days. However, in the case of ETH, a 17% move from $2,500 to $2,900 could occur much faster, potentially taking just 10 days to unfold.

Crypto traders keep an eye on new trends.

XRP Price Surges As It Hits Major Real-World Milestone In Dubai

In other cryptocurrency news, XRP is currently being affected by a major real-world adoption milestone in Dubai, pushing its daily trading volume past the $2 billion mark.

A firm named Ctrl Alt, in collaboration with the Dubai Land Department and the Virtual Assets Regulatory Authority (VARA), has just launched a groundbreaking tokenization initiative that heavily utilizes the XRP Ledger.

This project enables fractional real estate ownership in Dubai through the PRYPCO Mint platform, allowing investors to co-own prime Dubai properties starting with investments as low as just AED 2,000.

The Dubai Land Department’s pioneering Real Estate Tokenization Project with Ctrl Alt is a massive milestone for Dubai’s real estate market. https://t.co/fQfPBfvxvjCouldn’t be more delighted that the XRPL has been selected as the blockchain of choice for this project thanks to…

This ambitious move not only underscores XRP’s growing utility in the asset tokenization space but also aligns perfectly with Dubai’s ambitious strategy to build out a $16 billion tokenized property market by 2033. This development shows that XRP is capable of handling real-world use cases.

Solana Technicals Signal Potential Breakout As Major Averages Converge

On the Solana (SOL) front, the cryptocurrency is holding steady within the $170–$180 range as it displays promising technical signals that hint at a potential breakout. The convergence of its 50-day, 100-day, and 200-day exponential moving averages—located slightly below the current price—is a classic technical setup that could lead to significant price movements.

Furthermore, the persistent accumulation of Solana follows a sharp May rally from $130, indicating sustained interest from investors. The Relative Strength Index (RSI) is also balanced in the mid-50s, leaving room for further upward price action.

A confirmed breakout above $180 would validate a new