Crypto Assets today: Bitcoin shows signs of weakness, with the recovery of Dollar, Ethereum and XRP reduce losses:

Bitcoin is struggling to reclaim the $109,000 level as the Dollar index rebounds above 97.00.
Ethereum is steadily recovering, aiming for a breakout trend approaching $2,600.
The XRP upward trend has stagnated, but it remains above key moving averages, indicating a robust technical structure.
On Monday, cryptocurrency prices remained relatively stable, with Bitcoin (BTC) staying below $109,000. Attempts over the weekend failed to break through the psychological resistance of $110,000, preventing a test of last week's high of $110,530. Bitcoin continues to face downside risks as the dollar index (DXY), which tracks the value of the dollar against six major currencies, rebounded above 97.00.
At the same time, the largest altcoin by market cap, Ethereum (ETH), shows resilience with the aim of breaking through $2,600 in the upcoming trades. On the other hand, XRP (XRP) is struggling to maintain its weekend gains, trading at around $2.27 at the time of writing.
Market Overview: The Dollar Index is rising, what will happen to Bitcoin next?
The Dollar Index is recovering, currently hovering around 97.41, after falling to 96.92, which is the lowest level since February 2022. Several macroeconomic factors have led to a nearly 13% decline in DXY this year.
This decline can be attributed to multiple factors, including the tariffs imposed by U.S. President Donald Trump in April and the ongoing geopolitical tensions in the Middle East.
Investors are increasingly concerned about the sustainability of US debt, which continues to rise and has surpassed $36 trillion this year. According to a recent report by Al Jazeera, the tax cuts proposed by the US president are expected to increase the national debt by as much as $5 trillion.
The Dollar Index rose above 97.00, coinciding with the restart of tariff negotiations. President Trump hinted at imposing a 10% tariff on all countries associated with or allied with the BRICS economies.
Today's chart: Bitcoin may continue to decline.
The price of Bitcoin is hovering around $108,813 at the time of writing, suppressed by market uncertainty, with traders acting cautiously and digesting macroeconomic risks related to tariffs.
The relative strength index on the daily chart (RSI) is slightly down despite being above the midpoint.
Traders should closely monitor the price movement above the $109,000 level to confirm the bullish outlook towards the psychological resistance at $110,000.
The Moving Average Convergence Divergence ( MACD ) indicator has maintained a buy signal since June 25, which may help stabilize the price of Bitcoin. As the blue MACD line remains above the red signal line, risk sentiment may stabilize prices before the next breakout attempt.
However, the risks cannot be ignored, so attention needs to be paid to the temporary support area of $106,500, which was tested on June 27, and the 50-day Exponential Moving Average (EMA), currently at $105,150.
Altcoin Update: Ethereum, XRP sends mixed signals
The price of Ethereum remained relatively unchanged on Monday, trading at around $2,568 at the time of writing. Technical indicators, including the MACD with a buy signal and the RSI holding at 55, suggest that consolidation is occurring.
Bulls show resilience, making it possible for Ether's price to break through the $2,600 psychological level and the $2,634 seller resistance, which was last tested on Thursday.
According to the Ethereum price being above the 200-day exponential moving average, currently at Dollar 2,473, the 50-day exponential moving average is at Dollar 2,455, and the 100-day exponential moving average is at Dollar 2,399, the technical structure remains solid.
As for XRP, the bulls are regaining strength, pushing towards the resistance level of $2.33. The rising trajectory of the RSI at 56 supports a short-term bullish outlook, while the buy signal from the MACD indicator encourages traders to increase their investments.
If the path of least resistance remains upward, the price of XRP may gradually rise to the next key resistance level of $2.47, which was tested on May 23 and the May high of $2.65. On the downside, XRP is supported above key levels, provided by the 100-day EMA ($2.22), the 50-day EMA ($2.21), and the 200-day EMA ($2.11).
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