ā¹ļøć Crypto Brief 07/06/2025 ć The crypto market remains stable with a 0.88% cap increase, driven by $ETH 1.82% gain amid institutional interest and technical optimism. $BTC (+0.64%) shows consolidation, while Toncoin's UAE partnership and $BONK 16.65% surge highlight altcoin momentum. Analysts suggest could target $5,791, and may btc retest $99K before a year-end rally. Focus remains on layer-1 ecosystems and staking narratives.
BREAKING š“ Donald Trump just broke his silence on Elon Musk creating a third party: "Third parties have never worked. So he can have fun with it, but I think it's ridiculousā
šØ BREAKING: U.S. Treasury Secretary Bessent announces that President Trump will impose April 2nd-level tariffs on countries failing to reach trade deals with the U.S. ā starting August 1st.
š This marks another extension of the tariff pause, now pushed from July 9th to August 1st.
ā ļø Elon Musk warns Trump could "bankrupt" the U.S. a dramatic turn in their once-friendly relationship that's now messier than a Netflix drama.
As these billionaire egos clash, it's the American people who pay the price ā including market instability that could ripple into $BTC , which often reacts to political and economic uncertainty.
How do you think this will affect Bitcoin? vote below
Elon Musk just said Donald Trump is going to bankrupt the country and thatās why heās going after him. Elon is just now realizing that Trump lied and he doesnāt actually care about reducing spending.
Recently, ~80,000 $BTC (ā$8.6B) moved from dormant wallets last active in the early 2010s. While there is no proof of selling, such large transfers can still have important implications:
1ļøā£ Market Sentiment, Volatility & Liquidity Even without confirmed sales, major whale movements often trigger fear, speculation, and short-term volatility. If any portion eventually reaches exchanges or OTC desks, it could increase available supply and temporarily impact liquidity and spreads.
2ļøā£ Investor Behavior Events like this remind market participants to watch on-chain data closely. Historically, most similar moves were internal reorganizations or security upgrades rather than immediate exits.
3ļøā£ Regulatory Attention Large, old wallets moving funds can draw scrutiny, especially if linked to early mining. Transparency around the ultimate destination will be important to maintain confidence.