Crypto Market Sees Stable Tone in July Amid Rebalancing Portfolios

The crypto market has entered July with a more stable tone after several months of heavy selling. Bitcoin has reclaimed the $61,000 range, while major altcoins are attempting to establish stronger support levels ahead of the second half of the year.

Investors are repositioning their portfolios for the next market cycle, favoring established blockchain ecosystems and earlier-stage AI projects. Among the names attracting attention are Binance Coin ($BNB), MemeToro ($MT), and HyperLiquid ($HYPE).

Binance Coin continues to prove its strength as a large-cap cryptocurrency. It's currently trading between $562 and $590, holding above the important $580 support zone despite broader market weakness.