July 4, 2025,

the cryptocurrency market is showing mixed signals, with some major coins experiencing an uptick while others consolidate or see slight declines.
Here's a short summary:
Bitcoin (BTC) is generally performing well, holding above $109,000 after recently testing $110,000. It saw a significant surge earlier in the week and institutional demand continues to be a strong factor, with notable inflows into Bitcoin ETFs.
Ethereum (ETH) is also showing strength, trading above $2,570 and even breaking past $2,600. It has seen good gains this week.
Altcoins are a mixed bag. Some, like XRP, Dogecoin, and Algorand, are seeing substantial gains, driven by various factors like Ripple's application for a US banking license. Others like BNB, Solana, and Cardano have experienced some pullbacks or are consolidating.
Market Sentiment appears to be cautiously optimistic, with global liquidity expansion and increasing institutional adoption cited as key drivers for the overall upward trend. The total crypto market capitalization has seen an increase this week.
Key Developments:
US Senator Cynthia Lummis has drafted a bill to overhaul crypto taxation, proposing exemptions for small transactions and deferring taxes on mining/staking rewards until sale.
Ripple is actively seeking a national bank charter in the US, indicating a move towards greater regulatory integration.
Concerns about potential US tariff decisions and upcoming options expiry events are contributing to some short-term caution and volatility.
There are ongoing reports of malicious fake Firefox extensions impersonating popular crypto wallets, highlighting security risks.
Some specific altcoins like Maple Finance (SYRUP), Hyperliquid (HYPE), and FARTCOIN are being watched for potential all-time highs in July.