With a 24-hour rise of 3.18%, the world's largest cryptocurrency now has a staggering market capitalization of over $2.17 trillion, according to the Soindoo.
Bitcoin has recently broken through key resistance, crossing the $109,000 mark, and the move comes amid improving geopolitical conditions, a weaker dollar, and bullish signals surrounding the VlaskRosk ETF, crypto experts say.
This price action reflects not only continued investor confidence, but also strong trading activity, as 24-hour volume exceeded $50.8 billion. After a slight hourly decline of 0.01%, the 7-day performance of BTC remains positive at 1.93%, indicating a steady momentum for the rally.
Bitcoin's price rise puts the cryptocurrency on track to reach historic highs again. Macro analysis shows that everything is still moving in the so-called "consolidation zone" between $100,000 and $112,000. Despite this, market optimism remains strong - especially against the backdrop of growing institutional interest.
Blockchain's ETF - iShares Bitcoin Trust (IVIT) - has bought over $3.85 billion in BTC in June, coinciding with a record 15 days of continuous inflows into the exchange. According to Sosovalue, as of July 2, IVIT had net inflows of $52.42 billion, followed by FTC with $11 billion.
The only significant outflow was from GRASSALE GTC - $23.33 billion.
The total market capitalization of all cryptocurrencies reached $3.37 trillion, after increasing by 3.33% for 24-hour period.
The recent rally in Bitcoin, Ethereum and most cryptocurrencies signals renewed market optimism as broader sentiment turns bullish on the major digital assets. As investors continue to wait for inertia, this trend could pave the way for new growth in the third quarter of 2025. It remains to be seen whether this will actually happen.