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The Bitcoin network received a fresh difficulty bump this week at block height 951552, with the protocol dialing things up by 1.72%. Meanwhile, the network's hashrate kept flexing its muscles, climbing past the 1,000 exahash per second (EH/s), or 1 zettahash per second (ZH/s) threshold.

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Solana (SOL) struggled to extend gains while hovering in the low $82 range, even as sustained inflows into newly launched spot ETFs underscore rising 'institutional demand'. Derivatives positioning and elevated volatility, however, are signaling potential downside pressure toward $75, keeping traders cautious despite the supportive flow data.

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Bitcoin's underwater supply has climbed above 40% as investors question whether long-term conviction can hold.

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The crypto market seems to be returning to its bearish structure as the year's second quarter has worn on, with large-cap assets taking most of the hit in the past few weeks. With this grim market backdrop, the XRP token has lost nearly 10% of its value over the last two weeks.