Here is a summary of the latest crypto news today, Tuesday, July 8, 2025:
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📉 1. Impact of US Tariffs & Market Volatility
Trump's tariffs trigger pressure: The announcement of new tariffs for 14 countries—including Japan, South Korea, Indonesia—caused crypto to drop 4.5% in the last 24 hours.
Bitcoin holds at $108K: Although slightly down (~0.4–0.6%), the price of Bitcoin remains stable around $108K. Ethereum slightly weakened to $2,550–$2,560.
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🏢 2. Public Company & Institutional Activity
Public companies and large ETF accumulation:
848,902 BTC held by public companies (about 4% of total supply), plus an additional 131,000 BTC in Q2 2025.
Spot ETFs in the US accumulated 1.25 million BTC, with IBIT BlackRock holding ~699,000 BTC.
Metaplanet (Japan) added 2,205 BTC: Approximately worth $238 million, strengthening their Bitcoin treasury position.
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⚒️ 3. Shift in Crypto Activity
Bit Digital shifts to ETH: Changing focus from BTC mining to Ethereum, accumulating 100,000 ETH and selling most of its BTC.
Ethereum 'genesis' wallet moves: Two old wallets from 2015 moved ETH worth $2.9 million, triggering market signals ahead of a potential rally.
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📊 4. Technical Indicators & Price Projections
Long-term investors dominate: More than 80% of Bitcoin supply is held by HODLers—historically a level preceding major rallies, predicted to reach $150K.
Bullish technical model: Rainbow Chart and Pi Cycle indicators point to the possibility of BTC breaking $200K by the end of 2025.
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🌐 5. Regulation & Tax
UK HMRC tightens crypto reporting rules: Starting January 2026, users must report personal data to crypto service providers; violations could incur a £300 fine.
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🔍 6. Altcoins, Winners & Losers
Major altcoins generally down: SOL, DOGE, XRP slightly weakened—significant drops include FARTCOIN (−9%), Moo Deng, Popcat, and others.
Bonk (BONK) becomes top gainer: up ~7–8% to ~$0.000023; followed by AB (+3.2%), Vaulta (+2.1%), DeXe, and POL.
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