The cryptocurrency market is experiencing a downturn as major coins like Bitcoin, XRP, and Solana await a catalyst for upward movement. As of July 2, 2025, the global crypto market cap fell by 0.15% to $3.29 trillion, with Bitcoin consolidating around $107,000. XRP and Solana recorded declines of 1.4% and 1.1%, respectively, while total trading volume dropped below $100 billion, indicating investor caution. The market's fear and greed index showed a slight increase in bearish sentiment. Meanwhile, the US M2 money supply hit a record high, raising potential inflation concerns. Raphael Bostic of the Atlanta Fed stated that interest rates are unlikely to be cut at the upcoming FOMC meeting. Bitcoin demand waned, with spot BTC ETFs seeing a net outflow of $342.2 million on July 1.