$BTC 📉 Market Update:

Bitcoin is currently around $108,773, with an intraday range between $107,590 and $108,930. It’s hovering in the $100 K–$110 K range, showing stability despite slight headwinds .

Key Drivers:

Trade tensions & tariffs: Bitcoin dipped slightly (down ~0.8% to ~$107,700) on July 7 as the U.S. announced new 25–40% tariffs on various countries, dampening investor appetite for risk assets like crypto .

Options market activity: Traders are piling into higher-strike calls—especially September $130K calls—signaling a bullish outlook if Bitcoin breaks above $110K, with some expecting upward volatility following the upcoming Fed minutes release .

Overall market tone: The broader crypto market is down ~0.4–1.5% today, with total market cap slipping ~4.6% and BTC showing a mild decline (~0.4–1.5%) .

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🔍 What to Watch:

FOMC minutes (due this Wednesday): Could stir volatility, especially for assets priced near key technical levels like Bitcoin.

Macro headlines: Any further tariff or geopolitical developments may continue to impact crypto—similar to traditional equities.

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Summary

Price: ~$108.8K

Short‑term sentiment: Slightly bearish to neutral, with market digesting macro/tariff concerns.

Medium‑term outlook: Bullish bets building; key resistance at $110K could trigger momentum.

Volatility watch: Fed minutes may usher in a move—keep alerts on.