Crypto snapshot for July 5th 🧠💰:
🟢 Market Overview
- Bitcoin (BTC) is holding steady at $109K, up 0.19% — showing signs of consolidation before a potential breakout.
- Ethereum (ETH) is up 0.21%, trading around $2,577, boosted by DeFi and Layer-2 activity.
- BNB is slowly climbing at $660.82, while Solana (SOL) dipped slightly to $152.12 despite ETF buzz.
📰 Key Headlines
- Ripple has applied for a U.S. national banking license, aiming to become a regulated financial entity — a major move toward mainstream legitimacy.
- Solana’s new ETF launched in the U.S. with $12M in inflows, signaling growing institutional interest.
- Trump’s 10% tariff policy is stirring global trade fears, which could tighten crypto liquidity short-term.
- BlackRock’s Bitcoin ETF ($IBIT) is now the third-highest earning fund in its portfolio, managing $76B in assets.
- A dormant Bitcoin whale just reactivated a wallet worth $1.09B, sparking speculation about market moves.
🧠 What to Watch
- U.S. crypto tax reform bills are set for a vote on July 14, covering staking, mining, and small transaction exemptions.
- Altcoins like XRP, SHIB, and PEPE are showing bullish patterns — analysts expect potential rallies this summer.
