A fresh crypto market review for July 7 shows a calm but tense start to the day: Bitcoin and Ethereum went into the red, Donald Trump explained his turnaround in favor of cryptocurrencies as competition with China, and the United States’ plans for a national bitcoin reserve are stuck in an interagency dispute.
The main events of the morning are not only about prices. Cryptocurrency is once again at the center of politics, and issues of regulation, liquidity, and digital asset management have come to the forefront.
- Donald Trump supports cryptocurrencies for political reasons and due to rivalry with China.
- The creation of a US strategic bitcoin reserve has slowed due to disagreements between the Treasury and the Department of Commerce.
- Former Tether investment director Richard Heathcote intends to sell part of his stake in the company.
Political decisions, regulatory pressure, and the dispute over the bitcoin reserve are now affecting the market as much as daily price fluctuations.
Bitcoin and Ethereum Start the Day Down
Bitcoin met the morning with a moderate pullback. According to TradingView, as of 07:48 Moscow time, the leading cryptocurrency was trading around $63,114. In rubles, one token cost about ₽4,860,989. Over the past 24 hours, Bitcoin’s minimum was $61,275, and the maximum reached $64,597.
For the market, Bitcoin remains a key benchmark: both short-term traders and investors who evaluate the digital asset in their portfolio alongside traditional instruments like stocks watch its dynamics. Cryptocurrency is a digital asset that is transferred within the network without the usual banking intermediary, and the blockchain stores a chain of records about such transactions. Cryptography protects these records and helps the network prevent double spending, so the price reaction to political news is especially important for the entire sector.
Ethereum, the second-largest cryptocurrency by market capitalization, also started the day in the red. At the time of writing, the coin was trading around $1,764, or about ₽136,030 per token.
A brief summary of the largest coins is as follows:
- TRON: best daily result in the top ten, +0.32%.
- Ethereum: weekly leader among the ten largest coins, +11.11%.
- Dogecoin: weakest daily movement in the top ten, -3.44%.
- Top ten overall: all cryptocurrencies rose in price over the week.
TRON, Ethereum, and Dogecoin in this summary are considered altcoins—cryptocurrencies outside of Bitcoin, each with its own network, economy, or use case. Stablecoins work differently: they try to maintain a stable price relative to a base asset, most often the US dollar. NFTs are unique tokens usually used to confirm ownership of a digital object, not for regular payments.
Several sharp movements stood out in the top 100 by capitalization:
- DeXe: strongest daily growth, +10.67%.
- MemeCore: best weekly result, +90.78%.
- MemeCore: most notable drop in 24 hours, -9.95%.
- Venice Token: worst weekly performance, -13.91%.
Against the backdrop of such movements, market participants continue to monitor not only Bitcoin and Ethereum, but also other major networks and tokens, including Litecoin, Ripple, and Dogecoin. For investors, trading volume, liquidity, demand for the US dollar as a settlement base, and transaction speed—which in the crypto sector is often compared to a regular bank transaction—are important. The rate is also pressured or, conversely, supported by regulatory news, network technology updates, and macroeconomic events. In 2026, the prospects for investing in Bitcoin will largely depend on whether interest from large players remains and how clear the rules for the market become.
Trump Explains Why He Changed His Attitude Toward Cryptocurrencies
Donald Trump admitted that he became a supporter of cryptocurrencies partly for political reasons. At a press conference in the Oval Office, he said his interest in the industry increased due to simple logic: if cryptocurrencies do not develop in the US, China will take over this area.
Trump noted that he was not initially a fan of the crypto market but saw the industry grow and bring in big money. During his first presidential term, he called Bitcoin a fraud, but later he and his family built a large business in the crypto industry.
According to Trump, he does not discuss his relatives’ cryptocurrency activities with them. At the same time, last year he himself earned more than $1.4 billion in this area.
US Bitcoin Reserve Stuck in Treasury and Commerce Department Dispute
The Trump administration’s plans to create a strategic Bitcoin reserve have run into a bureaucratic obstacle. The Treasury and the Department of Commerce are arguing over how the reserve should be structured and which agency will get control over it.
Trump’s March 2025 executive order envisioned the reserve being placed within the Treasury. But then questions arose as to whether the agency had sufficient legal authority to manage Bitcoin. One reason for the doubts is the high volatility of the cryptocurrency.
Now the Department of Commerce is vying for the role of manager. For Trump, the bitcoin reserve remains an important part of a broader idea: to make the US the world’s crypto capital.
Currently, the United States holds 328,372 Bitcoin worth about $21.1 billion. This is more than any other country.
Former Tether Executive Sells Part of Stake
Former Tether investment head Richard Heathcote plans to sell part of his stake in the company. He owns 1.26% of Tether, but this is not a full exit from the capital, only a partial sale.
Heathcote left his position as investment director in March and moved to a consulting role. The potential deal could be a rare opportunity to better understand Tether’s ownership structure. The company remains private, although it is already among the most profitable players in the crypto industry. Unlike a public share, such a stake is not freely traded on the exchange.
The sale is being discussed amid increased regulatory pressure in Europe. Some MiCA-licensed platforms are delisting USDT after Tether decided not to comply with European regulations.
Additional attention to Tether is due to the fact that stablecoins are used as settlement infrastructure for trading, transfers, and investments. Here, not only reserves and trust are important, but also the software of exchanges, wallets, and analytics platforms through which transactions pass.
Brief Practical Context for Beginners
If you look at the market beyond daily prices, it is better to break down the basic terms right away. A token is a digital unit within a blockchain network or project. Mining supports the network through computations and receives rewards, staking allows participation in transaction validation through frozen coins, DeFi brings together financial services without a classic intermediary, and NFTs are used for unique digital objects.
Crypto wallets are usually divided into several types:
- Hardware wallets: separate devices for storing keys offline.
- Software wallets: applications for computers.
- Mobile wallets: smartphone apps.
- Web wallets: access via browser or online service.
When choosing a wallet, security, convenience, and the list of supported currencies are important. Basic protection starts with two-factor authentication, securely storing the seed phrase offline, and regularly updating software.
Buying, Exchanging, and Ways to Earn With Cryptocurrency
Current prices, charts, and capitalization are conveniently tracked through CoinMarketCap, CoinGecko, and TradingView: such services help quickly compare coin dynamics, trading volume, and market valuation. A platform for buying and exchanging cryptocurrencies is usually chosen based on reliability, fees, supported currencies, and licenses; among popular options are Binance, Bybit, OKX, and Coinbase.
People try to earn with cryptocurrency in different ways: through trading, long-term investments, staking, mining, participation in DeFi and NFT. The potential returns of these approaches vary, but so do the risks: the price can drop sharply, liquidity can worsen, and technical errors or weak wallet protection can lead to loss of funds.
To get started, you do not have to buy a whole Bitcoin: the minimum transaction amount is set by the chosen platform, and the size of the first deposit is better selected for the strategy—separately for active trading and separately for long-term storage. The time to mine 1 BTC is calculated by the share of equipment power in the total network power: the higher the network difficulty and electricity costs, the more expensive the path to one Bitcoin. Before buying equipment or joining a pool, people usually compare hashrate, fees, electricity price, and expected reward.
Market Context: Sports Betting and Interest in Crypto Platforms
There remains interest in related areas in the crypto market. Previously, the volume of bets on the winner of the 2026 World Cup on Polymarket and Kalshi almost reached $5 billion. This shows that crypto platforms are increasingly competing for users’ attention not only in token trading but also in prediction markets.
The morning of July 7 passed without sharp collapses among the largest coins, but the news background remains dense. US policy, the dispute over the national Bitcoin reserve, pressure on Tether in Europe, capital movement within the top 100 cryptocurrencies, network technology updates, ETF launches, hard forks, and major partnerships continue to set the tone for the market.
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