1️⃣ Market Snapshot
Total crypto-market cap slipped -1.5 % to ≈ $3.54 T, yet majors are green: BTC +1.3 % near $109.4 k and ETH +2.4 % above $2.57 k.
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2️⃣ Musk’s America Party Goes Full-Bitcoin
Elon Musk confirmed plans for a centrist “America Party” that will campaign on Bitcoin adoption and tech-friendly policy in House/Senate races, calling fiat “hopeless.”
Trump immediately dismissed the move as “ridiculous,” sparking political drama that could keep crypto on front-page news.
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3️⃣ $BTC in ETFs Close in on $50 B Net Inflows
U.S. spot BTC ETFs added another $1 B in two days, taking cumulative inflows to ≈ $50 B and assets under management above $128 B—fuel for Bitcoin’s resilience near all-time highs.
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4️⃣ Altc$oin Movers & Technical Set-ups
Coin Latest Move Why It Matters Source
$XRP Testing $2.30 breakout from a 7-month symmetrical triangle Clear close > $2.34 opens path to $2.58-$3.00
$DOGE : +6 % as macro “risk-on” returns Meme-coin sentiment barometer
$ETH :EIP-7983 proposed, capping tx gas at 16.77 M Hardens network vs DoS; bullish for DeFi UX
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5️⃣ Policy & Security Notes
Strategic Bitcoin Reserve: March executive order placed 200 k BTC in U.S. federal holdings, underscoring sovereign adoption themes.
$245 M Crypto Heist: 19-year-old Connecticut hacker pled guilty; highlights ongoing physical-security risks for holders.
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🔑 Key Highlights:
📌 BTC: $109,400 (+1.3%)
📌 ETH: $2,570 (+2.4%)
📉 Total Market Cap: Down 1.5%
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🌐 Top News
1. Elon Musk’s “America Party” supports Bitcoin as the future of money.
2. Bitcoin ETFs hit $50B inflows, showing huge institutional trust.
3. DOGE +6% | XRP near breakout above $2.30
4. Ethereum Upgrade (EIP‑7983): Protects network by limiting gas per transaction.
5. U.S. Strategic Bitcoin Reserve created (200,000 BTC now held by government).
6. $245M Crypto Heist: 19-year-old in U.S. pleads guilty in high-profile theft case.
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🔭 What To Watch Next:-
Trigger: Why It Matters
BTC > $110K Could start next big rally
XRP > $2.34 Target range: $2.58–$3.00
GENIUS Act Signing: First U.S. stablecoin law
Ethereum Upgrade Vote: Boosts DeFi & lowers risk.
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📰 Crypto Market Update – July 7, 2025
🚀 Summary:
The crypto market stays strong as Bitcoin holds above $109K and Ethereum crosses $2,570. Elon Musk shakes headlines with a new pro-Bitcoin political party, while U.S. institutions double down on BTC through ETFs. Altcoins like XRP and DOGE are gaining momentum. Meanwhile, U.S. regulators move closer to stablecoin laws, and Ethereum boosts its security with a new upgrade.
