🔍 Market Highlights – July 7, 2025
Bitcoin is nearing a new all-time high (~$112 k), currently hovering around $108.9 k, driven by:
Macro shifts—potential U.S. tariffs on BRICS nations.
Speculation over Fed rate cuts.
A surge in institutional inflows into Bitcoin ETFs .
Ethereum gained ~2% in early trading, now near $2,560, lifted by rising momentum in spot ETH ETFs, with eight consecutive weeks of inflows totaling over 61,000 ETH .
Altcoins & Meme Tokens:
Floki Inu (FLOKI) soared +14.3% on Binance.
SPX6900 rallied +12.2%.
Celestia (TIA), AAVE, XLM, and MKR are also seeing solid moves on the charts .
Binance Updates:
Binance Alpha is listing Infinity Ground (AIN), with a limited Airdrop event live now .
OTC market insights show robust futures activity in BTC and ETH .
On the corporate front:
Core Scientific is being acquired by CoreWeave for $9 billion—though CS shares fell ~22% post-announcement.
Bit Digital (BTBT) is shifting focus from BTC to ETH, now holding 100,000+ ETH, and saw a +19% stock bump .
Upcoming legislative action:
The U.S. House Financial Services Committee is prepping “Crypto Week,” set for July 14, spotlighting bills like the Clarity Act and the Anti‑CBDC Surveillance State Act .
Macro & market overview:
The global crypto market cap sits around $3.33 trillion, with $35 million+ in liquidations in the last 4 hours—mostly long positions .
The Altcoin Season Index recently rose to 27, indicating ~27% of top 100 altcoins outperform BTC over 90 days.
