Bitcoin Dips Below $109K as Traders Await Breakout; Altcoins and Regulation in Spotlight
The global cryptocurrency market experienced a mild downturn on July 5, 2025, with total capitalization dipping to $3.32 trillion, marking a 1.1% drop in the past 24 hours. Trading volume also fell sharply by 16.5%, signaling growing investor caution following a volatile week.
🔶 Bitcoin (BTC) Holds Ground Near $108K
Bitcoin, the market leader, continues to trade in a tight range, fluctuating between $107,300 and $109,100. As of writing, BTC is priced at $108,153, reflecting a daily loss of approximately 0.75%. Despite short-term bearish pressure, sentiment remains cautiously optimistic, buoyed by robust ETF inflows totaling over $4.5 billion in July alone.
Analysts have identified a strong support zone at $100K–$103K, and eyes are now on whether BTC can reclaim resistance at $BTC
112,500 to resume its upward trajectory.
🧠 Ethereum (ETH) and XRP Face Resistance
Ethereum is trading near $2,520, down slightly from recent highs. While holding steady, ETH’s momentum has slowed amid the broader market cooldown.$ETH
XRP, on the other hand, is encountering stiff resistance at $2.30. Having failed to break past this level multiple times since mid-June, XRP now trades at $2.24. The next 24–48 hours could determine whether it breaks higher or re-tests lower support zones.
🚀 Altcoin Watch: Gainers and Memecoins Shine
Despite the pullback in major tokens, several altcoins posted notable gains:
GNS (Gains Network): +17%
AUDIO: +9%
BONK (Memecoin): +7%
Memecoins continue to enjoy speculative momentum, with analysts highlighting four emerging tokens catching investor interest as the weekend begins.
🔮 Outlook: Predictions and Risks
On the prediction front, traders on various derivatives and betting platforms are split:
50% probability BTC hits $115K this July.
Lower odds for more aggressive targets: $120K (26%), $130K (7%), $150K (2%).
However, some analysts warn of a looming correction, with one forecasting a potential 80% crash if macroeconomic conditions shift or regulatory crackdowns intensify.
🏦 Institutional Moves & Regulation
Coinbase announced the acquisition of Liquifi, a token management firm, in a strategic bid to streamline token issuance for U.S. companies.
Ripple Labs has applied for a U.S. national bank charter and a Federal Reserve master account, signaling ambitions to integrate deeper into the regulated financial system with its RLUSD stablecoin project
These developments come as U.S. regulators and banks reevaluate their approach to crypto assets and blockchain infrastructure.
🛡️ Security Remains a Major Concern
A recent report revealed that crypto losses from hacks and scams reached nearly $2.5 billion in the first half of 2025. Notable incidents include a $1.5 billion breach of Bybit’s wallet infrastructure, allegedly orchestrated by North Korean-linked hackers. These figures highlight the continued need for stronger cybersecurity and due diligence in crypto investing.
📌 Conclusion
The crypto market remains in a state of consolidation, with traders closely monitoring Bitcoin’s next move and Ethereum’s stability. Regulatory clarity, institutional developments, and security threats will play crucial roles in shaping the market’s next direction.
Key Levels to Watch:
BTC resistance: $112,500
ETH breakout: $2,600
XRP ceiling: $2.3
Support zones: BTC $103K, ETH $2,400
Stay tuned and stay safe.
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