đ¨ Crypto Market Alert: Bitcoin Plunges Below $108K While XRP Paints Bullish Flag - ETH Stumbles Under $2.6K (July 5, 2025)
Crypto markets hit turbulence as Bitcoin fails to hold $108K supportâtraders brace for volatility ahead.
XRP's bullish flag pattern sparks speculation of a 25% breakout... if it can dodge the SEC's long shadow.
Ethereum tumbles below $2.6K as gas fees ironically riseâbecause nothing says 'scaling solution' like paying $50 for a token swap.
Meanwhile, Wall Street analysts still can't decide if crypto is 'digital gold' or a 'speculative asset'âpro tip: it's both, just like your Tesla shares.
Bitcoin Lost $108K Stand
At the time of writing the report, Bitcoin (BTC) is in a nose dive down below $108,00,0, which it recently regained. The price is holding steady at around $107,873. This is down 1.64% recorded in the last 24 hours from an intraday high of $110.360.Â
Trading activities have also decreased with a 32% drop over the same period to $40 billion and a 1.64% drop in market capitalization to $2.14 trillion. However, looking at the daily chart via TradingView, the price has formed a bullish flag pattern, as it consolidated downwards from May 17, 2025. This suggests that a rally might come soon, with a possibility of reaching a new high record. But, on the immediate trend, the market is bearish after tapping off a resistance zone at $110,718.
XRP Eyes $3.20 Amid Bullish Pennant
XRP seems to share a similar price action with Bitcoin. Its price dropped by 2.63 in 24 hours after tapping off a demand zone at $2.30. Currently, XRP is trading for $2.22. The price has been stuck between the resistance zone of $2.61 and the support zone $1.9 since last December, creating a bullish pennant flag on the way. The flag usually suggests that a rally might come soon, and analysts have projected a target of $3.20 if the price breaks out of the pattern. This is a 43% rally from its current price.Â
However, the immediate trend is settling. Trading activities have dropped by a massive 52% today alone to $2.33 billion, with a 2.26% drop in market cap, according to CoinMarketCap.
ETH Drops Below $2,600
Ethereum ETH price has also lost 2.87% of its recent gains. At the moment, the price is hovering around $2500 from a daily high of $2,602. Trading volume has also dropped massively, currently at a minus 43% today to $15 billion in trading volume with a market cap of $302 billion.
Trending Cryptos Today
- Humanity Protocol (H)
- 48 Club Token (KOGE)
- Strike (STRK)
- Blast (BLAST)
- CARV (CARV)
- FUNToken (FUN)
Top Gainers & Losers Today
| Gainers | Losers |
| Pudgy Penguins (PENGU): +3.19% | Uniswap (UNI): â 9.28% |
| Maple Finance (SYRUP): +2.73% | SPX6900 (SPX): -7.77% |
| XDC Network (XDC): +0.61% | Ethena (ENA): -7.52% |
| Zcash (ZEC): +0.51% | Aptos (APT): â 7.48% |
| Bonk (BONK): 0.41% | Jito (JTO): -6.90% |
Crypto Market Cap Overview
With the drop in momentum, the overall market cap is down by 1.81%. This is in 24 hours with a 33.39% drop in its trading volume. Currently, the market valuation is at $3.32 trillion, according to CoinMarketCap.
Meanwhile, the Fear & Greed index is holding steady at 54. This means that sentiment is good and slightly bullish. Additionally, about 80,233 have been liquidated in the last 24 hours, resulting in over $176 million lost. $137 million of that came from traders betting on long positions, while $38.52 million came from shorts. Majorly of the bets were on bitcoin (BTC), based on data from Coinglass.
Also Read: Bonk Enters Top Gainers List, Another 35% Price Rally Soon?
   Â
