03.07.2025 14:08
Bitcoin (BTC) surpassed the $110,000 level alongside positive macroeconomic data. The increase in the M2 money supply and the trade agreement signed between the U.S. and Vietnam supported the crypto markets. Ethereum rose by 5.58% to reach the $2,600 level, while XRP, Solana, and Dogecoin also recorded gains. Experts are looking for a clear signal from the U.S. Securities and Exchange Commission (SEC) for a sustainable rally.
The cryptocurrency markets showed strong performance on Thursday morning. While macroeconomic developments created a positive atmosphere among investors, Bitcoin recorded a 2.5% increase in the last few hours. Market experts state that they find the main reason for this rise in the increasing liquidity conditions.
Altcoins Also Accompanied the Bitcoin Rally
The leading cryptocurrency Bitcoin is currently at a level of $110,219. This level has been recorded as a height not seen since June 12.
Ethereum also performed strongly, rising to $2,612. Among the leading altcoins, Solana, XRP, and Dogecoin also showed an upward trend.
BTC Markets cryptocurrency expert Rachael Lucas explained that she found the main reason for the market's rise in the increase of macro liquidity. Lucas emphasized that while the recent increase in M2 money supply does not always translate into immediate price movements, it supports the flow into risk assets.
The U.S. also signed an important trade agreement with Vietnam, reducing tariffs on Vietnamese imports from 46% to 20%. This development signals that positive results may also be achieved in negotiations with other countries.
Market experts indicate that Bitcoin needs a sustainable catalyst to break a new record. This driving force could come in the form of a clearer interest direction from the Fed or an increase in ETF inflows.
The current crypto cycle is primarily driven by large investment funds. The participation of individual buyers in the market remains low, as the trading volumes of centralized exchanges fell to a nine-month low in June.