Bitcoin (BTC): Hovering around $109K â modest gains of ~0.9% earlier today, though prices dipped slightly (~0.4%) due to tariff worries and the pause in MicroStrategy's BTC buys .
Ethereum (ETH): Up ~2â3% in recent sessions (trading near $2.6K), showing resilience despite wider market dips .
Altcoins:
Solana (SOL): +1%â2% range, with noteworthy net inflows outpacing ETH in recent weeks .
BNB: Trading around $661, slight decline (~0.4%) .
Small-caps/memes: Mixed roomâShiba Inu (âSHIBâ) has faced red days, floki and others fluctuating .
Total Market Cap: ~$3.36âT, mostly flat with mild volatilityâmixed daily movements, but trading volumes and on-chain volatility remain subdued .
đď¸ Key Drivers
Tariff headline risk: President Trump warning about potential U.S. tariffs from August 1 (25â40%) weighed on risk assets, including crypto; still, the pullback remains modest .
MicroStrategy pauses BTC buys: Their first weekly halt since April added a headwind to sentiment .
**Crypto policy momentum:**
Trump Media filed with the SEC for a "Crypto Blue Chip ETF" (70% BTC, 15% ETH, plus SOL, XRP, CRO) .
U.S. lawmakers are preparing for âCrypto Weekâ with hearings on bills like the CLARITY Act, stablecoin frameworks, and antiâCBDC measures .
Big money moves: A dormant 2011 Bitcoin wallet moved ~$8.6B in BTC â likely internal repositioning â sparking speculation .
Crypto hedge fund resilience: Funds like Tephra Digital and Edge Capital posted positive returns despite volatility .
Rise of tokenized treasuries: $7.4B being diverted into tokenized U.S. Treasury instrumentsâhelping diversify from stablecoins .
Trump Tariff Effect: Short-term jitters: Bitcoin slid ~0.7â1.0% into the low $108K range; Ethereum and others slipped modestly .
Despite volatility, analysts believe this is a temporary headwind, with potential for recovery once the tariffs take effect or are paused.
Bitcoin is nearing a new all-time high (~$112âŻk), currently hovering around $108.9âŻk, driven by:
Macro shiftsâpotential 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 $9âŻbillionâthough 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 âCrypto Week,â set for July 14, spotlighting bills like the Clarity Act and the AntiâCBDC Surveillance State Act .
Macro & market overview:
The global crypto market cap sits around $3.33âŻtrillion, with $35âŻmillion+ in liquidations in the last 4 hoursâmostly long positions .
The Altcoin Season Index recently rose to 27, indicating ~27% of top 100 altcoins outperform BTC over 90 days.
đ Bullish flow: $14.4âŻB into spot BTC ETFs YTD; $219âŻM into ETH spot ETF last week
đŚ Institutional update: 135 public companies hold BTC treasury; US Strategic BTC reserve hits ~200âŻKâŻBTC
đ Watchlist: Old BTC wallets worth $2âŻB just stirred after 14âŻyearsâno dump⌠yet
đ On the radar: Global blockchain conferences + token unlocks ahead.
đ˘ Corporate Bitcoin Treasuries ~135 publicly traded firms now holding BTC as treasury assets; mainstream adoption accelerating
âď¸ Altcoin vs. Bitcoin Altcoins losing relative market traction as corporate BTC demand grows⌠but utility-driven altcoins still have potential, especially if DeFi-friendly regs land
Exploring the future of secure and seamless Web3 connectivity with #WalletConnect đ $WCT is more than just a token â it's the gateway to the next-gen wallet ecosystem! Loving the innovation from @walletconnect đ
Loving the direction @walletconnect is heading! $WCT brings real utility to the #WalletConnect ecosystem. Big future ahead for wallet interoperability.
đşđ¸ U.S. âCrypto Weekâ Set for JulyâŻ14â18
The U.S. House officially designated JulyâŻ14â18 as âCrypto Weekâ, during which three major bills will be debated: the CLARITY Act, the GENIUS Act, and the AntiâCBDC Surveillance Act.
These measures aim to clearly define digital asset frameworksâwhatâs a security vs commodity, enhance consumer protections, and curb a central bank digital currency (CBDC) rollout.
Ripple has applied for a national bank charter and a Federal Reserve master accountâaiming to transform its stablecoin and payment tech into a fully regulated financial service.
This signals that crypto startups are increasingly playing by the rulebook.
Do you think that this news will make a positive impact on its price in the coming days?