{"id":25090,"date":"2025-07-03T16:25:00","date_gmt":"2025-07-03T13:25:00","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-tests-110000-as-ethereum-and-altcoins-flash-positive-signals\/"},"modified":"2025-07-03T16:25:00","modified_gmt":"2025-07-03T13:25:00","slug":"bitcoin-tests-110000-as-ethereum-and-altcoins-flash-positive-signals","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-tests-110000-as-ethereum-and-altcoins-flash-positive-signals\/","title":{"rendered":"Bitcoin tests $110,000 as Ethereum and altcoins flash positive signals"},"content":{"rendered":"<p>On 3 July, bitcoin hit a three-week high, pushing above $110,000. The rebound came amid a global expansion in the money supply (M2), which set a new <span data-descr=\"the metric's all-time high\" class=\"old_tooltip\">ATH<\/span> above $55 trillion.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXf7QYG3W8HlFOpQkP4QgCwMA9FqYgzPs4o0KIzZ3LJpvsS2crLSDudlzU6GlNHIuCp9o_bz_X0pB9glT1ZtLXhqfOGd2Cwh0vqi5ooTdc0wFIjKSPBdonmTmg-61xlFouip1Kj-PQ?key=diucBAuJ_Yrr3-j67pEuug\" alt=\"Bitcoin tested $110,000. Ethereum and altcoins flashed positive signals\"\/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">Tradingview<\/a>.<\/figcaption><\/figure>\n<p>In comments to <a href=\"https:\/\/www.theblock.co\/post\/360895\/bitcoin-regains-109000-level-on-positive-macro-cues-as-market-eyes-next-driver\">The Block<\/a>, BTC Markets crypto analyst Rachel Lucas linked today\u2019s rally to macro liquidity:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Although this does not always lead to an immediate price move, ultimately such funds find their way into risk assets like cryptocurrencies with some delay&#8221;<\/em>.<\/p>\n<\/blockquote>\n<p>Lucas believes the market needs a \u201csustained catalyst\u201d for a true break to record highs. That could be clearer visibility on future interest rates at the <span data-descr=\"United States Federal Reserve System\" class=\"old_tooltip\">Fed<\/span> or continued investment into ETFs.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;It is institutional inflows that have quietly supported this rise, and they need to continue for a decisive breakout&#8221;<\/em>, she noted.<\/p>\n<\/blockquote>\n<p>On 1 July, spot bitcoin ETFs <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-etfs-experience-first-outflow-in-15-days\">saw outflows<\/a> for the first time in 15 days, hinting at investor doubts. The next day, 2 July, aggregate inflows into exchange-traded funds set a fresh ATH, pulling bitcoin\u2019s price higher.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXd7vqRFPlV2z2bnB9h55u0WdSgWv8bGqVWK4n2PGN0GZJZu-WfbwUdIfMtcOdtHqUr05Tie1Pg9EF7N-WVvPDQyYp32DFhiBtJ4Azfuy_jCkx6LirqrNnOpFEziKaAUYIvIvl3-Ow?key=diucBAuJ_Yrr3-j67pEuug\" alt=\"Bitcoin tested $110,000. Ethereum and altcoins flashed positive signals\"\/><figcaption class=\"wp-element-caption\">Spot bitcoin ETF inflows. Data: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>Possible drivers included:<\/p>\n<ul class=\"wp-block-list\">\n<li>US president Donald Trump praised a new trade agreement with Vietnam that opens the market to American manufacturers;<\/li>\n<li>Ripple <a href=\"https:\/\/forklog.com\/en\/news\/ripple-seeks-u-s-banking-license\">confirmed<\/a> it had filed an application with the US Office of the Comptroller of the Currency for a federal bank charter;<\/li>\n<li>hopes for a Fed rate cut revived after a series of dovish remarks from US central bank officials.<\/li>\n<\/ul>\n<p>With bitcoin having broken decisively out of its recent sideways range, analysts are increasingly confident that a new record high is only a matter of time.<\/p>\n<p>A market researcher known as Jackis flagged a rare phenomenon: bitcoin\u2019s volatility recently fell to its lowest since 2023.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is hitting the lowest volatility since 2023 &#038; levels it only hit 7 times in history<\/p>\n<p>Here is what happened each time at these levels<\/p>\n<p>Explosion in volatility is coming up at max in 5 weeks if not sooner, that&#8217;s for sure ? <a href=\"https:\/\/t.co\/q28uEqXBax\">pic.twitter.com\/q28uEqXBax<\/a><\/p>\n<p>\u2014 JACKIS (@i_am_jackis) <a href=\"https:\/\/twitter.com\/i_am_jackis\/status\/1940443558340931717?ref_src=twsrc%5Etfw\">July 2, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Every time we reached these levels, within five weeks (and sometimes sooner) there followed a powerful spike in volatility&#8221;<\/em>, Jackis observed.<\/p>\n<\/blockquote>\n<p>The technical analyst known as Titan of Crypto <a href=\"https:\/\/x.com\/Washigorira\/status\/1940441568332197907\">drew attention<\/a> to a bullish MACD crossover on the daily chart. He called it a strong momentum signal and noted that bitcoin is trying to break out of a \u201cbull flag\u201d pattern. A successful breakout could target $137,000.<\/p>\n<h2 class=\"wp-block-heading\">Altcoins emerge from the shadows as Ethereum gathers pace<\/h2>\n<p>Ethereum and other altcoins stirred alongside bitcoin. ETH gained more than 8% over the past 24 hours, surpassing $2,600.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXeLKmZ9PCxzJiIRcRcF17Cxb2lXLCQFj08Oeu7QxrsZ6YC2VhTOAnZnaISLLCBzX874KwDv3d2bAZa5ENN_1-ZyC18b9e9oV6bpL7x4-Zd5GUy92uRkShlPNqnIh0LCHiJwK_4e?key=diucBAuJ_Yrr3-j67pEuug\" alt=\"Bitcoin tested $110,000. Ethereum and altcoins flashed positive signals\"\/><figcaption class=\"wp-element-caption\">15-minute chart of ETH\/USDT on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Grayscale\u2019s head of research, Zach Pandl, told <a href=\"https:\/\/decrypt.co\/328222\/ethereum-dogecoin-soar-bitcoin-highest-mark-3-weeks\">Decrypt<\/a> he expects new highs across many tokens in the second half of the year, despite valuations remaining within recent ranges.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Recent approvals of crypto-<span data-descr=\"Exchange Traded Products \u2014 exchange-traded products\" class=\"old_tooltip\">ETP<\/span>s may have increased investor confidence that capital from traditional finance will start to flow into altcoins,&#8221;<\/em> the analyst said.<\/p>\n<\/blockquote>\n<p>He noted that growing regulatory clarity in the US is likely attracting more users and capital to the crypto ecosystem.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Today bitcoin is like a passenger in the back seat, and the market is being driven by altcoins&#8221;<\/em>, Pandl added.<\/p>\n<\/blockquote>\n<p>CryptoQuant analyst Carmelo Aleman <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/686584b9d040215728726078-ETH-on-flight-mode-the-metrics-take-off-the-price-doesnt\">is optimistic<\/a> about Ethereum. <\/p>\n<p>According to him, accumulation addresses that meet strict criteria (not owned by centralised exchanges, with minimal or zero ETH withdrawals) hit an all-time record.<\/p>\n<p>As of 30 June, they held about 22.75 million ETH, up 35.97% over the month.<\/p>\n<p>The average purchase price as of 1 July was $2,114.70. At the current price of around $2,600, they are sitting on gains of more than 23%.<\/p>\n<p>Aleman also noted a new all-time high in liquid-staking volume \u2014 35.56 million ETH. He attributed this to most accumulation addresses belonging to institutional investors, ETFs and large holders, who opt for liquid-staking yield while awaiting a price rise.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This indicates that the market may be preparing for significant ETH growth in the near future,&#8221; the expert concluded.<\/p>\n<\/blockquote>\n<p>Earlier, corporations <a href=\"https:\/\/forklog.com\/en\/news\/corporations-outpace-etfs-in-bitcoin-purchases-for-third-consecutive-quarter\">outpaced<\/a> ETFs in bitcoin purchases for a third consecutive quarter.<\/p>\n<p>Experts <a href=\"https:\/\/forklog.com\/en\/news\/experts-elucidate-bitcoins-stagnant-growth\">pointed to the reason<\/a> for bitcoin\u2019s prolonged stay around $100,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 3 July, bitcoin hit a three-week high, pushing above $110,000. The rebound came amid a global expansion in the money supply (M2), which set a new ATH above $55 trillion. Hourly chart of BTC\/USDT on Binance. Data: Tradingview. In comments to The Block, BTC Markets crypto analyst Rachel Lucas linked today\u2019s rally to macro [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1145,1138],"class_list":["post-25090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-market-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25090"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25089"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}