Bitcoin "On Holiday" Below $109k, U.S. House Preps for "Crypto Week", Ripple Applies for Banking License

(Use a poster with your logo and the title "Daily Alpha Briefing")

Good morning, fellow soldiers. JarFire here with the hottest intel you need before you start your trading day.

1. The Macro Picture: A Quiet Holiday Market

  • The global crypto market saw a slight correction, with total market cap dipping about 1.12% to $3.3 trillion.

  • Bitcoin (BTC) is currently trading around $108,997 USDT, down slightly from yesterday. The market appears to be "on holiday" along with the U.S. stock market (for the July 4th Independence Day), resulting in low liquidity and minor price movements.

  • Analysts view this as a consolidation phase for BTC, with key resistance at the $110,000 - $112,000 zone and strong support at the $100,000 level.

2. The Big Narrative: "Crypto Week" in the U.S.

  • This is the most important news for next week: The U.S. House of Representatives has declared the week of July 14th as "Crypto Week."

  • They will debate three crucial bills: a crypto market structure bill, a stablecoin bill, and a bill to ban a central bank digital currency (CBDC).

  • What's the alpha here? This shows U.S. lawmakers are getting serious about creating a clear regulatory framework, something the entire market has been waiting for. Any positive news from "Crypto Week" could be a massive catalyst for the whole market.

3. Altcoin Spotlight:

  • Ripple (XRP) Surges: XRP had an impressive rally after CEO Brad Garlinghouse confirmed the company is applying for a U.S. banking license. This is an incredibly ambitious move, signaling Ripple's intent to deeply integrate with the traditional finance system.

  • 14-Year-Old Bitcoin Wallet Awakens: A wallet holding 10,000 BTC (worth over $1B) has been activated after 14 years of dormancy, causing a stir in the community.

  • Ondo Finance & Pantera Capital Invest $250M: These two major funds are pouring a huge amount of capital into Real-World Asset (RWA) projects, showing this continues to be a very hot narrative.

Conclusion:
The market seems to be holding its breath for moves from U.S. regulators next week. In the meantime, capital continues to quietly flow into projects with strong fundamentals and clear vision, like Ripple and the RWA sector.

Trade with a cool head and efficiency today, soldiers!