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Gate Research: BTC Holds Near Highs with Pullback, Zcash Privacy Network Enters Critical Migration Phase

Daily Research
Research
Altcoins
Trading
Macro Trends
VIP Daily Industry Report
2026-07-06 03:45:19
Reading Time: 3m
Last Updated 2026-07-06 03:57:14
On July 6, the crypto market saw a slight pullback. Both BTC and ETH continued to trade within a consolidation range after recovering from their highs. The Fear & Greed Index rebounded to 23, yet market sentiment remains in a state of extreme fear. Among top-performing tokens, NES (+38.49%), TLM (+27.14%), and ULTIMA (+18.25%) ranked as the biggest gainers. Capital continued to flow primarily into high-beta sectors such as AI infrastructure, chain games (GameFi), and application-focused ecosystems. On the industry front, DZ Bank is advancing the integration of crypto trading into Germany’s cooperative banking network. Gnosis Pay released a post-mortem on a payment card vault vulnerability, while Shielded Labs warned that the Zcash Ironwood upgrade may be delayed. Overall, the market’s main narrative remains centered on traditional finance distribution channels, payment security, and privacy network upgrades.
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