Share this article
Bitcoin Tops $110K; BONK, FARTCOIN Climb More Than 20%
BTC's upswing brought cheer to the broader market, lifting major tokens such as XRP, ETH, SOL and ADA.
Updated Jul 3, 2025, 2:41 p.m. Published Jul 3, 2025, 9:44 a.m.
Make us preferred on Google
What to know:
- Bitcoin surpassed $110,000, reaching its highest level since June 11, driven by significant inflows into U.S.-listed spot ETFs.
- The upswing in bitcoin's price lifted other major cryptocurrencies including XRP, ETH, SOL and ADA, with memecoins BONK and FARTCOIN rising more than 20%.
- Traders are looking the U.S. nonfarm payrolls report, which could influence bitcoin's trajectory and test its historical high of $112,000.
Bitcoin topped the $110,000 mark for the first time since June 11 after more than $407.78 million flowed into U.S.-listed bitcoin spot ETFs on Wednesday and before a key U.S. jobs report due later in the day.
The ETF inflow boosted the lifetime tally to $49.04 billion, according to data source SoSoValue.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
BTC's upswing brought cheer to the broader market, lifting major tokens such as XRP (XRP), ether (ETH), SOL (SOL) and ADA (ADA). Standout gainers were memecoins BONK and FARTCOIN, which boasted 24-hour gains of over 20%, a sign of increased investor willingness to take risk. The CoinDesk Memecoin Index gained 12.6% while the CoindDesk 20 Index of the largest tokens rose 4.3%.
Traders are looking toward the U.S. nonfarm payrolls data due for release later Thursday while maintaining the constructive outlook.
"The historical high of around $112K, set at the end of May, may be tested for strength or updated before the end of this week, given the fairly high risk appetite in global markets. However, it is worth remembering that the monthly U.S. employment report, due later Thursday, could serve as both a catalyst and an insurmountable obstacle," Alex Kuptsikevich, chief market analyst at the FxPro said in an email.
Mais para você
Bitcoin price slips after Trump hikes worldwide tariff to 15% from 10% despite Supreme Court decision
U.S. President Donald Trump announced a 15% worldwide tariff on imported goods, despite an earlier Supreme Court decision that invalidated earlier trade actions.
O que saber:
- The price of bitcoin is seeing a slight decline after the announcement of increased global tariffs.
- U.S. President Donald Trump announced a 15% worldwide tariff on imported goods.
- That new 15% tariff represents an escalation from the previously announced 10%, despite the Supreme Court's previous decision.
Top Stories
