Bitcoin (BTC) has officially surged past the $63,000 mark today, reaching a 3-month high after U.S.-based Bitcoin ETFs reported their highest single-day inflow since their approval in early 2024.
According to data from Glassnode, over $1.2 billion poured into spot Bitcoin ETFs on July 2, driven by institutional optimism and a weakening dollar amid ongoing macroeconomic uncertainty.
📊 Institutional Confidence Strengthens
BlackRock, Fidelity, and Ark Invest-led ETFs saw substantial growth, signaling strong institutional confidence in crypto as a hedge against inflation and market volatility.
“Bitcoin is maturing into a legitimate asset class,” said Linda Gates, Head of Digital Assets at Bloomberg. “We’re seeing demand both from high-net-worth individuals and corporate treasuries.”
🌍 Global Crypto Momentum
While the U.S. ETF surge dominates headlines, international markets are also responding:
- Ethereum (ETH) rose 4% to $3,500.
- Solana (SOL) gained 7% after news of new Layer 2 integrations.
- XRP is still trading sideways as the SEC’s lawsuit enters its final phase.
📈 What’s Next?
Analysts predict BTC could retest $65,000 if bullish momentum continues, especially with interest rate decisions from the U.S. Fed due later this month.
About The Author
