On July 3, Bitcoin's price hit a three-week high above $110,000. This recovery was fueled by record increases in global money supply.
Market Overview
In commentary from BTC Markets, crypto analyst Rachel Lucas attributed the market growth to macroeconomic liquidity. She noted:
> "While it doesn't always lead to immediate price movements, such funds eventually find their way into risky assets like cryptocurrencies with some delay."
Lucas believes that a 'sustained catalyst' is necessary for a true breakout to all-time highs.
ETF Flows and Investor Sentiment
On July 1, spot Bitcoin ETFs experienced outflows for the first time in 15 days, possibly signaling investor doubts. The following day, total inflows into exchange-traded funds reached a new all-time high, pulling Bitcoin's price upward.
Ethereum Accumulation and Staking Trends
CryptoQuant expert Carmelo Aleman has a positive outlook for Ethereum. According to his data, accumulation addresses meeting strict criteria reached a historical record of 22.75 million ETH by June 30, up 35.97% for the month.
The average purchase price as of July 1 was $2,114.70. At Ethereum's current price of around $2,600, these addresses are up over 23%.
The cryptocurrency market continues to exhibit activity, driven by strong signals from both Bitcoin and altcoins. Increasing money supply and institutional investment flows create positive prospects for further growth.
