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Home»Market»Summary of the crypto market: Cryptos gathers like Trump’s great bill of Trump, Congress
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Summary of the crypto market: Cryptos gathers like Trump’s great bill of Trump, Congress

July 8, 2025No Comments
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Here is a quick summary of the cryptography landscape for Friday July 4 at 12:00 pm UTC.

Get the latest information about Bitcoin, Ethereum and Altcoins, as well as an overview of the new key cryptocurrency market.


Bitcoin and Ethereum Price update

Bitcoin (BTC) is at the price of US $ 108,948, down 1.6% in the last 24 hours. The cryptocurrency day range reported a hollow of US $ 107,741 and a summit of US $ 109,997.

Bitcoin Prix Performance, July 4, 2025.

Bitcoin Prix Performance, July 4, 2025.

Graphic via Tradingview.

The Bitcoin rally at US $ 108,000 has followed solid labor data in the United States which strengthened risks from the start, alongside continuous entries in the Bitcoin Spot ETF (almost 50 billion US dollars), which has contributed to the anchoring of prices despite larger withdrawal from the stock market.

Market observers have also noted increased volatility following the reactivation of two long -term Bitcoin portfolios containing around 20,000 BTC (worth more than 2 billion US dollars), which raised questions about potential future spills.

Ethereum (ETH) is at the price of US $ 2,549.85, down 2.7% in the last 24 hours. Its weakest evaluation on Wednesday was 2,502.39 US $ $ and its highest was US $ 2,600.55.

Altcoin price update

  • Solana (soil) was at the price of US $ 150.30, up 5% over 24 hours. Its highest on Friday evaluation was US $ 153.26, and its lowest was US $ 146.61.
  • Xrp Exchanged US $ 2.24, down 1.4% in 24 hours. The lowest valuation of the cryptocurrency was US $ 2.21 and its highest was US $ 2.28.
  • Sui (sui) is negotiated at US $ 2.92, showing a decrease 3.6% in the last 24 hours. Its lowest evaluation was US $ 2.87 and its highest was US $ 3.07.
  • Cardano (ADA) US 0.5817 is at a price of 3.1% in the last 24 hours. Its lowest evaluation from Wednesday was USD 0.5715 and its highest was 0.6028 US.

The news of today’s crypto namely

Trump’s major bill adopts the congress, sending cryptos above

The great flagship bill of American president Donald Trump, with radical tax discounts, narrowly adopted the House of Representatives on July 3 with a vote from 218 to 214 and is now waiting for his signature.

Elon Musk criticized the bill to have potentially inflated the deficit by billions of billions, while Trump suggested that Musk criticisms flowed political clashes on electric vehicle incentives.

The CEO of Coinbase Global (Nasdaq: Coin), Brian Armstrong, has also raised concerns that a balloon debt could paradoxically feed the status of bitcoin as a reserve.

Bitcoin exchanged nearly US $ 109,886 after the news, with other peak rooms, notably Ethereum and Solana, also displaying gains. The total market capitalization of cryptography climbed 3.39 billions of US dollars after the vote.

Bitcoin Power Shift while whales sell 500,000 BTC to institutions

A major redistribution of Bitcoin is underway because long -standing holders of large amounts of Bitcoin have sold around 500,000 bitcoin in the past year, worth more than $ 50 billion at current prices.

According to a Bloomberg report, these sales are absorbed almost also by institutional buyers, in particular FNB spots and corporate treasury bills. This model transforms the bitcoin of a high volatility speculative bet into a more stable institutional portfolio allowance. Despite positive news for the crypto in recent months, the asset has struggled to unravel resistance around US $ 110,000, showing a consolidation phase.

Some of the whales who receive the first holders dating back to the first Bitcoin cycles, reports Bloomberg, which discusses Bitcoin for offers related to stocks instead of simply liquidating.

Russian Rossec Russian Rostec to emit a stable on the back of ruble

The Russian conglomerate belonging to the Rostec State moves to launch a stable-pointed rolle-pointed called Rubx and a network of payments named RT-Pay before the end of the year, according to the Russian state media.

The stablecoin will be anchored one by one with ruble deposits held in Treasury accounts, and its code will be audited independently by Certik. RT-PAY integrates directly into the banking system of Russia, aimed at instant settlement and intelligent contract features even outside office hours.

Rostec claims that his platform will follow Russia’s requirements for money laundering and financing, in accordance with the rules of the Russian Bank.

The Stablecoin will run on the Tron Blockchain, with its intelligent contract code to publish on Github.

The Coinbase base sees $ 4 billion in outings, Ethereum earns $ 8.5 billion

Coinbase’s layer 2 network base has lost a significant traction this year, recording US $ 4.3 billion in net outputs through transversal bridges, according to data.

This slowdown is a net reversal of the $ 3.8 billion in the base of entrances attracted in 2024, when he led the sector in the activity of the bridge. Meanwhile, Ethereum organized a return, seeing $ 8.5 billion in intrigue compared to net outings last year.

The slowdown in the growth of the stablecoin supply on the basis, now stable above $ 4 billion since May, indicates a basic maturation user and a drop in trading volumes.

Bridges are key elements of the cryptographic infrastructure which allow assets to move between the chains, by supporting interoperability.

Nano Labs begins a BNB purchase plan of $ 1 billion with a purchase of $ 50 million

Nano Labs, a flea manufacturer based in Hong Kong (Nasdaq: NA), made its first major movement in an ambitious plan to hold up to 10% of Binance Coin (BNB) in circulation, which takes up $ 50 million from BNB this week.

The company has disclosed the purchase of around 74,315 BNB at an average price of US $ 672, partly funded by convertible tickets.

Nano Labs finally plans to allocate US $ 1 billion to BNB Holdings, reporting a vote of trust in the Binance ecosystem. However, its shares dropped almost 5% on Thursday and lost another 2% after hours, reflecting investors’ concerns about its exposure to volatile crypto reserves.

The reserves of Nano Labs, including Bitcoin, now amounted to $ 160 million in total.

Do not forget to follow us @inn_technology for new -time new updates!

Disclosure of securities: I, Giann Liguid, does not dispute any interest in direct investment in any company mentioned in this article.

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