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Bitcoin trades above $109,209.72, up 0.19% in 24 hours amid rising investor confidence.
Ripple seeks a national bank charter as part of its push for legitimacy in US finance.
Solana ETF in the US debuts with $12 million in inflows, boosting SOL visibility.
Crypto prices today show mixed performance. Bitcoin and Ethereum prices are up by 0.19% and 0.21%, respectively. Most altcoins have registered small gains, except for Solana and XRP. The global market cap today stands at $3.37 trillion, up by 0.03% as of 10.27 AM on July 4, 2025. Investor sentiment and macroeconomic developments continue to drive market volatility today.
Here is how the world’s top ten tokens performed today:
Bitcoin (BTC) is showing signs of steady strength today, trading at $109,209.72, up 0.19% in the past 24 hours. The crypto giant now holds a market cap of over $2.17 trillion, supported by nearly $49 billion in daily trading volume. The stability in BTC’s price comes amid growing institutional activity and bullish market sentiment.
The world’s largest cryptocurrency is consolidating below the $110,000 level. These levels point toward a breakout. As market volatility remains subdued, historical patterns suggest a sharp move could be approaching.
Ethereum (ETH) is also seeing mild gains, rising 0.21% to trade at $2,577.30. It now commands a market cap of $311.1 billion. ETH’s upward trajectory reflects positive sentiment around its growing role in DeFi and tokenized assets.
The Ethereum network has recently benefited from increased stablecoin activity and Layer-2 integrations, bolstering its long-term use case.
In another major development, the Rex-Osprey Solana Staking ETF (SSK) made its debut on the Cboe BZX Exchange. The ETF saw $12 million in inflows on its first day. It had a trading volume of $33 million, surpassing early volumes of Solana and XRP futures ETFs.
Solana (SOL), however, is trading slightly lower today at $152.12, down 1.18%. This is mainly due to short-term profit-taking or ETF launch volatility. However, the ETF’s performance shows growing institutional interest in Solana-based staking strategies.
Also Read: XRP Price Prediction in July 2025
Altcoins followed Bitcoin’s uptrend largely except for some that exepreicne slight corrections:
XRP: Ripple’s native token is trading at $2.24, down 0.52% today. Despite the dip, sentiment around the token remains optimistic due to the potential institutional boost.
BNB: It is trading at $660.82, up 0.11%, continuing its slow and steady recovery.
Dogecoin (DOGE): The popular memecoin also posted a small gain of 0.29%, priced at $0.1703, as memecoins maintain retail trader interest.
TRON (TRX) and Cardano (ADA): Both tokens remain in positive territory. TRX rose 0.97% to $0.2863, and ADA is up 0.09% at $0.5909. These minor but steady movements indicate cautious optimism across Layer-1 ecosystems.
Meanwhile, stablecoins Tether (USDT) and USD Coin (USDC) continue to hold tightly to the $1 mark. Thus, reflecting strong demand for crypto liquidity during market transitions.
The following updates affected the crypto market today:
Ripple Labs is turning heads after confirming it has applied for a national banking license from the Office of the Comptroller of the Currency (OCC) in the US. CEO Brad Garlinghouse stated, “True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC.”
This move comes at a time when crypto firms are pushing to gain deeper legitimacy in the traditional financial ecosystem. If approved, Ripple would join the ranks of regulated entities like Circle and potentially pioneer a new framework for stablecoin operations.
On the legislative front, US Senator Cynthia Lummis has submitted a new crypto tax bill. It proposes de minimis exemptions for capital gains under $300 and would defer taxes on staking and mining rewards.
Lummis stated, “This groundbreaking legislation is fully paid for, cuts through the bureaucratic red tape, and establishes common-sense rules that reflect how digital technologies function in the real world.”
The bill represents the strongest attempt yet at modernizing the US tax code for digital assets and could play a key role in legitimizing crypto-based income and investments.
Crypto prices today show cautious optimism fuelled by institutional moves and regulatory progress. With Ripple applying for a US bank license and Solana’s ETF debut attracting millions in inflows, confidence is building.
Bitcoin's resilience near $110,000 is another bullish sign, especially as Ethereum and altcoins continue to draw liquidity. Investors should keep an eye on policy developments in Washington and upcoming ETF launches that could influence the market's next direction.
Also Read: Top Crypto Indices of 2025: A Smart Way to Invest Without Picking Coins
1. What is the Bitcoin price today?
Bitcoin is trading at $109,209.72, up 0.19% over the last 24 hours.
2. Why is Solana down despite the ETF launch?
SOL is likely seeing short-term profit-taking, though the ETF debut shows strong long-term interest.
3. What is Ripple’s banking license update?
Ripple has applied for a national bank charter with the OCC, aiming to operate as a regulated banking entity.
4. Which crypto ETF just launched in the US?
The Rex-Osprey Solana+Staking ETF (SSK) launched on the Cboe BZX Exchange with $12 million in inflows on day one.
5. What is in Cynthia Lummis’ crypto tax bill?
It proposes capital gains exemptions under $300, deferral on staking/mining taxes, and exemptions for crypto donations.
