Bitcoin, Ethereum, Dogecoin Dip Slightly While XRP Holds Firm On Tariff-Driven Monday

Author: Khyathi Dalal | July 07, 2025 01:40pm

Cryptocurrency markets are down on Monday as President Donald Trump proposed new tariffs on several trading partners.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$107,848.28
Ethereum	(CRYPTO: ETH)	$2,526.82
Solana	(CRYPTO: SOL)	$149.54
XRP	(CRYPTO: XRP)	$2.29
Dogecoin	(CRYPTO: DOGE)	$0.1668
Shiba Inu	(CRYPTO: SHIB)	$0.00001150

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 3.9% and daily active addresses growing by 6.5%. Transactions greater than $100,000 are up from 7,039 to 7,469 in a single day. Exchanges netflows are down by 39%.
• Coinglass data reports 73,718 traders were liquidated in the past 24 hours for $193.07 million.

Notable Developments:

• Elon Musk Says His America Party Will Embrace Bitcoin: ‘Fiat Is Hopeless’
• Cathie Wood Questions Big Movement In Old Bitcoin: ‘Part Of A Government Settlement Deal?’
• Shiba Inu Partners With New Token Lanchpad To Take On Solana-Based Rival That Birthed Fartcoin: ‘Just The Beginning’
• Bit Digital (BTBT) Goes All-In On Ethereum, Sells All Bitcoin: What’s Going On?
• This Solana-Focused ETF By REX-Osprey Offers A New Way To Earn from Crypto

Top Losers:

Cryptocurrency	Ticker	Price
Pudgy Penguins	(CRYPTO: PENGU)	$0.01461
Jito	(CRYPTO: JTO)	$1.82
Dogwifhat	(CRYPTO: WIF)	$0.8441

Trader Notes: Crypto trader Jelle noted that while global liquidity is on the rise, Bitcoin is currently lagging, mirroring its behavior in late 2024. He expects this gap to close in the coming months, maintaining a bullish long-term outlook.

Global liquidity keeps rising.#Bitcoin struggling to keep up, just like it did in the second half of 2024.

Patience for now – I expect that gap to shrink again in the coming months.

Higher. pic.twitter.com/x4VvGsFnDZ

— Jelle (@CryptoJelleNL) July 7, 2025

BitBull highlighted that Bitcoin has broken out of a classic bull flag pattern and held its retest cleanly last week. With U.S. equities pushing to new all-time highs, he believes this BTC breakout is legitimate, not a fakeout, and places a Q3 target above $130,000.

$BTC bull flag breakout 🚀

Had a perfect breakout and retest last week, and it's still holding above it.

I think this is certainly not a fakeout given that US stocks are also at a new ATH.

$130K+ in Q3 is my target for BTC. pic.twitter.com/FCU0SNXNuK

— BitBull (@AkaBull_) July 7, 2025

Rekt Capital also chimed in, stating the current low-volatility phase could be "the calm before the storm." He estimates Bitcoin's bull market has just 2–3 months left, with a final explosive move potentially ahead.

Trader Kevin offered a technical overlay, plotting Bitcoin against global liquidity without lag adjustment. His chart shows BTC approaching the upper bound of its typical lag range, historically preceding a major breakout or catch-up rally.

Read Next: 

• Scottie Pippen Is Watching Bitcoin, XRP, Dogecoin…And What Else?

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $JTO $SHIB $SOL $SYRUP $WIF $XRP