Crypto’s Next Leg Up?

DAILY MARKET OVERVIEW

Market Shows Strength

👋 Hey, Crypto Enthusiasts, I hope you had a good weekend! Bitcoin just posted its strongest weekly close ever, but it’s not the only asset heating up.... Let’s dive in!

🟠 Bitcoin Holds Above $109K After Weekend Pullback

Bitcoin briefly dipped below $108,000 over the weekend but quickly rebounded and is now trading above $109,000. This helped BTC close at its highest weekly level ever, a strong bullish signal for long-term investors.

•  Why this matters: A solid weekly close suggests that buyers are stepping in during dips. If Bitcoin can stay above $112,000 this week, it could pave the way for the next leg up, with potential targets around $124,000 and $133,000.
  

❔ What to watch: If BTC falls below $107,000 or fails to hold support, we could see more sideways movement or a temporary pullback. The key long-term level to watch remains around $99,000.

Bitcoin investment funds saw another $790 million in inflows last week, pushing the total to $18 billion over the past 12 weeks. This marks one of the strongest streaks of institutional buying in Bitcoin's history. Even with prices near all-time highs, institutions are still entering the market, showing continued confidence.

✔️ Sell pressure is being absorbed quickly.

🧊 Ethereum Is Gaining Strength Too

Ethereum is currently trading around $2,566 and is showing signs of a possible breakout. Institutional inflows into ETH funds reached $226 million last week, the 11th consecutive week of gains.

• Just a few weeks ago, ETH-based investment products had little demand. That trend has flipped. Momentum is now shifting in Ethereum’s favor.

Analyst Tom Lee recently spoke on live TV, describing ETH as a key infrastructure play for the future of stablecoins. Often compared to Michael Saylor (but for Ethereum), Tom could become the spokesperson ETH has long needed.

Sentiment is clearly improving, and Ethereum looks ready to outperform Bitcoin in the near term.

🧭 Trump’s Tariff Delay

1. The 90-Day “Liberation Day” Pause

Tariffs remain a key macro event for traders.

• On April 2, Trump introduced a 10% baseline tariff and an additional 11% to 50% in “reciprocal” tariffs. These were paused for 90 days, initially expected to resume on July 9.

2. New Deadline Announced: August 1

• On July 6, officials confirmed another delay. Tariffs are now scheduled to restart on August 1, giving more time for global negotiations. This decision gave the market some breathing room.

Commerce Secretary Lutnick confirmed the new timeline. Treasury Secretary Bessent added that tariffs would revert to the April rates if no new agreements are reached by August 1.

Traders should watch for announcements. Any country without a new deal could face renewed tariffs, which may impact markets.

📆 Key Events This Week:

• Wednesday: FOMC Meeting Minutes – A summary of the Fed’s last meeting, which offers insights into future interest rate policy.

• Thursday: US Initial Jobless Claims – A weekly indicator of layoffs, showing how the job market is performing.

While summer tends to be slower, many analysts expect a strong bull run in Q3 and Q4.

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SOCIAL SENTIMENT

👀 This Week’s Market Radar

Sentiment across social media remains bullish. The most-watched coins continue to be ETH, XRP, and Solana.

• Ethereum is positioning itself as the top infrastructure play for stablecoins and TradFi adoption.
  

• XRP is awaiting a key ETF decision later this month. While ETF approvals are often delayed, XRP's unique position in the political sphere could lead to earlier-than-expected progress.
  

• Solana just saw its first US ETF approval via REX-Osprey. The initial reaction was muted, but many expect momentum to build once bigger issuers like BlackRock step in.

🔥 Solana Ecosystem: Heating Up

Solana’s ecosystem is gaining serious attention again.

• Pump.fun is expected to launch its token later this month. It's already generating close to $400 million in annualized revenue, a massive figure for any crypto project. This could boost meme coins and ecosystem activity further.

• Let's Bonk, a launchpad by the Bonk meme coin team, is seeing rapid adoption. In just three days, over 36,000 tokens have launched through the platform, with a combined market cap of all tokens around $580 million.
  

• As a result, Bonk’s price has jumped nearly 50%.

If this momentum continues, Solana may lead a renewed meme coin wave as summer progresses.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Elon Musk’s America Party Will Support Bitcoin
Musk’s new America Party will back Bitcoin and challenge U.S. political norms, calling fiat currency “hopeless” and targeting key Congressional seats.

Russia’s Rostec Launching Ruble Stablecoin on Tron
Russian arms manufacturer Rostec will launch RUBx, a ruble-pegged stablecoin on Tron, with approval from the central bank and a payments platform to follow.

Metaplanet Adds $239M in BTC, Now Holds 15,555 Bitcoin
Japan’s Metaplanet acquired 2,205 BTC to boost its holdings to 15,555 BTC, targeting over 210,000 by 2027 amid strong revenue growth.

Solo Bitcoin Miner Wins $350K by Solving Block Against All Odds
A solo miner using Solo CK struck gold with a 3.17 BTC reward, despite having a tiny fraction of the network’s hash power.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Coin Bureau – Biggest XRP Crypto Update Yet? XRPL EVM Could Explode Price! (07.07.2025 Summary)

Coin Bureau sees the launch of the XRPL EVM sidechain as a game-changer for XRP. For years, XRP was focused on fast, cheap cross-border payments but was left behind as other blockchains embraced DeFi, NFTs, and smart contracts. This was because the XRP Ledger (XRPL) wasn't designed for general-purpose programmability.

Now, with the new EVM-compatible sidechain, built using the Cosmos SDK and secured by Comet BFT, XRP can finally tap into the wider DeFi space. This sidechain supports Ethereum-compatible apps and tools like Solidity and MetaMask, making it easy for developers to migrate existing dApps.

Key benefits highlighted by Coin Bureau:

• Fast and cheap transactions (3 to 5 seconds per block, fees under 1 cent)

• Over 1,000 transactions per second

• eXRP (bridged XRP) is used as gas and collateral

• Users can borrow, lend, yield farm, or buy assets without selling their XRP

• Full Ethereum and Cosmos interoperability via Wormhole, XLR, and IBC

• RLUSD, Ripple’s stablecoin, could become central to lending and trading

The EVM sidechain collects fees as rewards for validators instead of burning them like the XRPL mainnet. Over time, as DeFi grows, this could shift XRP’s value from being mainly speculative to utility-driven.

Coin Bureau notes that early DeFi projects like DEXs and lending platforms will play a key role in shaping this ecosystem. They also believe this could benefit the Cosmos ecosystem by attracting XRP holders and boosting liquidity.

While there are potential challenges like technical issues and resistance from traditional XRP supporters, Coin Bureau views this as a crucial and long-overdue step. In their opinion, XRP is no longer just observing DeFi growth - it's becoming an active participant.

Josh Olszewicz – Close to Go Time (07.07.2025 Summary)

Josh remains strongly bullish on Bitcoin and the broader crypto market heading into July. According to him, nothing in the current charts looks bearish, despite potential macro risks like geopolitical tensions, tariffs, or dollar fluctuations.

Key Points:

• No signs of major sell-offs: There was a recent large BTC movement, but Josh doesn’t see it as bearish. He thinks it’s likely an old miner moving coins, not preparing to sell.
  

• ETF flows remain strong: Record demand for IBIT and other Bitcoin ETFs shows new buyers are coming in. According to Josh, this is critical for price continuation.
  

• Cycle timing: Based on previous cycles, we may have around 100–150 days left in this bull run. Historical indicators don’t show signs of topping yet.
  

• Price action looks healthy: Bitcoin is above key levels like the 20-week moving average and Ichimoku cloud. Even though there's a bearish TK cross on some timeframes, price structure suggests upward continuation.
  

• Indicators are mostly neutral: Metrics like MVRV, Pi Cycle Top, two-year moving average multiplier, and miner revenue suggest the market is not overheated.
  

• Funding remains low or flat: There's no sign of over-leveraged long positions, which supports a healthy uptrend.

Outlook and Targets:

• Josh sees potential for Bitcoin to hit $150K, followed by a pullback to $100K later in the year.
  

• He favors spot positions with light leverage, using trailing stop-losses.
  

• Meme coins like Wif, Mog, Bonk, and Pepe are his high-risk, high-reward plays. He considers them top picks if BTC breaks out.
  

• For altcoins, he’s watching ETH (target $4,000) and Solana (target $300) as top breakout candidates.
  

• He warns against buying weak charts like Curve or other underperformers.

Final Thought:

Josh admits it’s a bit scary how strong and clean the charts look. He urges viewers to be positioned in case the breakout happens fast and doesn’t give a second chance.

CRYPTO MEMES