Crypto Markets Open Q3 Steadily Despite MiCA Concerns

Despite initial concerns over liquidity trouble as the Markets in Crypto-Assets (MiCA) regulation took effect, cryptocurrency markets have opened Q3 steadily. The Bitcoin price has held at $59K, while Ethereum has shown strength around $1,570-$1,590.

The expected moves were obvious for months, and on MiCA Day Zero, the actual day passed quietly. Binance's thinning of liquidity was a major concern, but the market didn't react as expected. The Ethereum Foundation has also staked another 4,938 ETH worth close to $8 million on Lido.

US spot Bitcoin ETFs saw $4.51 billion in net outflows in June, but this looks more like a temporary adjustment than a deeper pullback. Trump's financial filing showed over $1.4 billion in crypto earnings last year, indicating he's not walking away from the space anytime soon.