The crypto market saw a 2% increase in total market capitalization, reaching $2.32 trillion on July 1. Bitcoin and Ether also experienced gains of around 2.5% and 2.2% respectively. Factors contributing to this uptrend include a positive macro environment, reduced selling pressure, and a stronger market structure. Recent data suggests a strengthening market sentiment following the FOMC meeting on June 12, where the Fed Funds Target Range remained unchanged. Analysis shows increased volatility in trading activity, with corrections and consolidations. Stablecoin outflows from exchanges have decreased, indicating reduced selling pressure. Bitcoin's spot price fell below short-term holders' realized price, signaling potential seller exhaustion. Technical analysis suggests a possible rise towards $2.52 trillion, but challenges lie ahead between $2.30 trillion and $2.358 trillion. Readers are advised to conduct their own research before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news