Bitcoin trades at $109,156.75, up 1.05% in the past 24 hours, as markets await US global tariff decisions.
Ethereum gains 2.42%, rebounding from April lows amid renewed institutional interest.
TON falls after UAE denies staking-based visa claims. Meanwhile, Dogecoin leads the altcoin rally with a 6.51% gain.
The Altcoin Season Index rises to 27, indicating a strengthening of altcoin dominance.
Crypto prices today show investor optimism and bullish trends. The global crypto market cap is up by 1.38% to $3.37 trillion. Major tokens are in green. Bitcoin continues to consolidate above $109,000, while Ethereum claws back gains after its April collapse. Meanwhile, controversy surrounds Toncoin following a regulatory clarification from UAE officials. Favourable US policies are boosting investor sentiment as of July 7, 2025.
Let’s take a closer look at the price movements of the world’s top ten tokens.
Is Bitcoin Preparing for a Breakout Above $110,000?
Bitcoin price today is up 1.05% in the past 24 hours, trading at $109,156.75. The top crypto has a massive market cap of $2.17 trillion and continues to attract institutional interest.
Bitcoin is on an uptrend, but analysts are questioning if it's just preparing for a pullback or consolidation. Market data resource Swissblock Technologies emphasized this in an X post. The post stated, “Without real demand, breakouts run on fumes. We need buyers to sustain the price breakout.”
Analysts have raised doubts about whether the derivative-driven pumps in BTC dominate without spot market support. The world’s largest cryptocurrency may nullify this thesis if it breaks out above the crucial $110,000 resistance level.
Ethereum is trading at $2,573.29, representing a 2.42% increase over the last 24 hours.ETH’s market cap now stands at $310.64 billion, supported by increased investor reallocation.
ETH plunged from $4,000 to $1,300 during the April 2025 ‘nuclear explosion’ in crypto markets. However, stablecoin legislation in the US has fuelled renewed interest. Over 90% of stablecoins operate on Ethereum, and demand for tokenized equity is growing.
Prominent voices, such as Tom Lee, are now promoting the viability of ETH in traditional finance. Market analyst Eugene suggests that BTC’s break over $110,000 may potentially push ETH close to levels seen in late 2024.
Also Read: Top Altcoins to Watch in July That May Outshine Bitcoin
The Altcoin Season Index has climbed to 27, up from 15 earlier this month. While a true altcoin season is only confirmed when prices reach above 75, the trend indicates that traders are rotating from Bitcoin to high-potential altcoins.
Strong performers like DOGE, XRP, ADA, and SOL are leading the rally. Meanwhile, mid-tier projects like TRON and BNB are seeing solid inflows. Here’s how top altcoins performed today:
XRP is trading at $2.26, up 2.00% over the past 24 hours, with a market capitalization of $133.8 billion. The asset is gaining ground as Ripple continues to expand globally, despite regulatory pressures.
BNB is trading at $661.21, up 1.08%. As Binance’s ecosystem stabilizes following the CZ era, BNB is showing renewed interest from long-term holders.
TRON (TRX) is priced at $0.2883, showing a 1.74% gain. Its massive circulating supply and continued use in blockchain gaming and stablecoin transfers keep TRX relevant in daily transactions.
Solana (SOL) is showing strong momentum, trading at $151.91. It is up by 3.10% in the past 24 hours, with a market cap of $81.34 billion.
Cardano (ADA) is currently priced at $0.5857, representing a 2.12% increase in 24 hours. Its market cap now totals $20.72 billion, backed by $470.59 million in daily volume.
Dogecoin (DOGE) is up 6.51%, trading at $0.1743, driven by renewed interest from retail investors. DOGE continues to act as a sentiment indicator for meme-driven market enthusiasm.
Stablecoins remain a crucial component of cryptocurrency liquidity, particularly as investors transition between assets during market rallies and corrections.
USDT holds its peg at $1.00 and remains the most traded stablecoin with $53.6 billion in 24-hour volume. USDC is trading just under the $1 mark at $0.9998, showing stable demand. It has a $5.7 billion trading volume and is widely used in institutional DeFi operations.
Here are the macroeconomic developments impacting crypto prices today:
TON’s Visa Claims Denied by Dubai: TON briefly surged after promoting a UAE Golden Visa offer for staking $100,000 in Toncoin. However, the program was denied by UAE officials. The UAE government clarified that no crypto, including TON, is part of any Golden Visa program. TON’s price dropped sharply as a result, with investor trust shaken.
Arkham on Dormant Whale Transfer: Recently, an $8.6 billion Bitcoin whale transfer from dormant wallets caused upheaval in the market. Investors raised concerns over an upcoming price crash. However, the Blockchain firm Arkham confirmed that the transfer was for security upgrades, not a sell-off.
Crypto Policy in the US: The US House Committee will hold a hearing titled ‘Making America the Global Cryptocurrency Capital’ on July 8, 2025. Lawmakers plan to address digital asset taxation, including exemptions for small gains under $300 and deferrals on staking rewards. The outcome of these hearings could heavily influence long-term investor strategy and on-chain development.
The crypto market is up today due to Bitcoin’s stability, Ethereum’s comeback, and Dogecoin’s unexpected surge. Altcoins are catching up fast, with XRP, BNB, and TRON showing strength. Stablecoins remain reliable, and Toncoin is facing skepticism after its UAE visa claims were denied. As regulatory clarity and cultural relevance grow, crypto markets appear well-positioned for a bullish summer.
Also Read: Top Cryptos to Buy Now: BlockDAG, Uniswap & More
1. What is the Bitcoin price today and is BTC expected to go higher this week?
Bitcoin is currently priced at $109,156.75, showing a 1.05% daily increase. Analysts believe that if BTC sustains above $109,000, it could test the $110,000 resistance and signal further upside momentum.
2. Is it a good time to invest in DOGE?
Dogecoin surged 6.51% today, partly due to renewed retail interest and pop culture buzz, including a BTC reference in Drake’s new song. Still, always assess meme coin volatility before investing.
3. Is the Toncoin Dubai Golden Visa program real?
No, the UAE government has denied any official affiliation with Toncoin’s Golden Visa staking offer. Investors should be cautious, as no official UAE website confirms TON’s visa program validity.
4. Can I get a Dubai Golden Visa by investing $100,000 in Toncoin as per the TON program?
As of now, you cannot. TON claimed a 10-year UAE Golden Visa with $100,000 staking, but UAE officials confirmed there is no such authorized crypto-linked visa initiative in place.
5. Is altcoin season starting in July 2025, and which tokens are showing strength?
Early signs suggest an altcoin rally is forming. Tokens like Dogecoin, XRP, Cardano, BNB, and Solana are gaining momentum. The Altcoin Season Index has increased, hinting at a possible shift.