Bitcoin Sets Sights on New All‐Time High

Plus: Bitcoin’s June rally may just be the opening act 👇

Author

Macro Point Daily
July 02, 2025

👋 Welcome Back to Macro Point Daily, The smartest crypto take of the day — macro trends, market moves, daily charts, and a side of memes.

Every day we provide the 5 stories which matter most in crypto, and one just for the degens.

In Today’s Edition

  • 📈 BTC hits record June monthly close

  • 📉 DXY crash could fuel BTC breakout

  • 🛠 VeChain rolls out $15M staking on July 1

  • 🔁 Algorand integrates Wormhole token transfers

  • 💥 Meme‑coin chaos: DOGE feud, PENG surge

  • 💸 $2.5B lost to hacks/scams H1 2025

Let’s dive in.👇

Today’s Edition

📌 Bitcoin posts record monthly close

Bitcoin closed June at its highest-ever monthly price – north of $107,000.

After three consecutive record months, BTC ended the quarter strong. That spinning-top candlestick hints at indecision—but analysts like 10X see a potential ~9% lift heading into July. Traders are watching for confirmation of a bullish continuation or a short-term pullback. With macro winds shifting and July historically strong, the momentum may keep rolling.

  • 🟢 June ended above June 2020's $107K resistance

  • 🔍 Technical patterns suggest possible follow‑through

  • 🚨 Watch for resistance flip or macro headwinds

📉 Dollar index posts worst six-month drop since ’91

DXY plunged over 10%, the steepest six‑month fall since 1991.

Fed rate‑cut speculation and simmering trade-war angst crushed the dollar. That weakness typically boosts bitcoin’s appeal as a dollar hedge. But analysts warn short-term BTC may dip below $100K unless momentum rebounds. Crypto sentiment remains strong, but all eyes are on upcoming Fed remarks for confirmation.

  • 🟢 Dollar broad weakness lifts crypto sentiment

  • 🔻 But BTC faces immediate resistance at $108K

  • ⏳ Next Fed commentary or rate data will be pivotal

📈 $2.5B lost to hacks/scams in H1

Crypto investors lost $2.47B to bad actors in H1 2025.

CertiK data shows this amount now eclipses full-year 2024 losses. Biggest culprits: Bybit breach and token-rug waves. As capital floods into crypto, attackers follow—and so do regulations. Expect security audits and on-chain monitoring tools to see more demand.

  • 🚨 Exploits remain the top drain on sector

  • 🛡️ Risk controls & audits more critical than ever

  • 🔍 Projects with beefed-up security will shine

📈 Algorand adds Wormhole native transfers

Algorand integrates Wormhole’s Native Token Transfer standard today.

This move enables seamless cross‑chain token shifts between Algorand and Ethereum ecosystems. By natively supporting Wormhole, Algorand boosts interoperability, paving the way for deeper DeFi and bridge ecosystem expansion. It’s also a potential liquidity unlock as multichain tools get more adoption.

  • 🌐 Enhances cross‑chain DeFi composability

  • 🧩 Positions ALGO as key player in multichain flows

  • 📈 Monitor ALGO inflows and DeFi TVL uptick

🛠 VeChain launches $15M StarGate staking

VeChain debuts its StarGate staking program July 1, with $15M in rewards.

Following recent SEC clarity, VET users can now stake directly via StarGate. This bolsters on‑chain utility, incentivizes holding, and positions VeChain as a more DeFi-ready asset. The move could tighten supply while encouraging long-term alignment with tokenomics.

  • 🎯 Rewards boost could tighten circulating supply

  • 🏗 Strengthens VeChain’s long-term tokenomics

  • 🔭 Track staking uptake and reward distribution

Degen Domain

🐸 Meme madness: DOGE drama & PENG pump

Trump escalates DOGE-verse feud; PENG soars 73% on hype.

Trump mock-taunted Musk via Dogecoin, fueling social chatter and triggering speculative mania. Meanwhile, obscure meme coin PENG surged 73% as degen capital rotated from tired names to newer low-cap plays. It’s another day of meme coin roulette—fast moves, faster reversals.

  • 🐕 DOGE stirred by political headline drama

  • 🚀 PENG market cap jumped on speculative surge

  • ⚠️ High‑risk plays: fast rewards, faster dumps

💬 Quote of the Day

“Risk comes from not knowing what you're doing.”

— Warren Buffett

See you tomorrow. Forward to a friend who still thinks ETFs are boring.

📉📈🧠🫡
— Macro Point Daily