Crypto Daily — July 1, 2026

$BTC reclaims $60K, 24h contract liquidations ~$363M, market shifts from continuous panic to short-term repair.

1. $BTC breaks $60K, currently at $60,203, up +3.3% in 24h; $ETH rebounds to $1,621.95, up +3.8% in 24h, major assets halt decline in the short term.

2. EU MiCA rules fully take effect, but derivatives are still excluded from the framework; the market begins discussing the "regulatory mismatch" between high-leverage on-chain trading and compliant platforms.

3. Gate / $GT: $GT up +1.4% today, following the rebound but with weak momentum.

4. Ethereum Institutional officially launches as an independent non-profit organization to drive institutional adoption of Ethereum and L2s; on the same day, $ETH staking deposits remain elevated, easing circulating supply pressure.

5. Cantor Fitzgerald believes the crypto market may be entering the late stages of a bear market, with $BTC potentially completing its cycle bottom around late October; meanwhile, it emphasizes focusing on projects with cash flow or real-world use cases.

6. $M up +74.9% in 24h with a volume of ~$16.1M, becoming today's strongest altcoin, a high-volatility recovery following a prior sharp decline.

7. Altcoins: $BTW, $WBT, $BAS, $DYDX up +26.9% / +18.5% / +17.2% / +15.5% respectively, with interest concentrated in BTC ecosystem, exchange tokens, identity verification, and derivatives sectors.

Market Status
$BTC currently at $60,203 (+3.3%); $ETH currently at $1,621.95 (+3.8%). $GT up +1.4%, exchange tokens overall recovering.

Daily Brief
$BTC bullish probability 52/100, bearish 48/100; altcoin sentiment clearly warming up, but still a rotation rebound, not a full bull market spread.

Expected tomorrow: $BTC fluctuation range -1.5% to +2.5%, key level to watch is $60K. If it holds above $61.8K, there is a chance to continue rebounding to $63K–$64K; if it falls below $58.8K, the market may retest previous support lows.