Daily Market Report — July 3, 2025
Bitcoin (BTC) price climbed 2.43% over the past 24 hours to $108,760.04, trading between $106,131.55 and $109,730.01. Ethereum (ETH) surged 5.69%, closing at $2,564.51, outperforming Bitcoin significantly. The Fear & Greed Index rose to 54, indicating growing bullish sentiment. Futures liquidation volume totaled $115.08 billion, with long positions taking the lead across both BTC and ETH.
Top gainers for the day included SKYAI (+44.93%), NEIRO (+30.07%), and ALVO (+29.75%), suggesting renewed risk appetite and rotation into high-volatility altcoins.
In regulatory and policy news, former U.S. President Donald Trump indicated that the House of Representatives is prepared to vote tonight on the crypto-relevant tax reform bill—a move that could have long-term tax implications for digital assets.
Looking ahead, a full committee hearing on crypto market structure is scheduled for next week, with executives from Ripple and other key players set to testify. Meanwhile, Ripple filed for a U.S. banking license following Circle, signaling further institutionalization of crypto financial services.
The U.S. Financial Industry Association expressed opposition to tokenized stock exemption proposals, urging the SEC to adopt a public review process to maintain transparency in capital markets.
Macro developments also played a role. Treasury Secretary Bessant suggested that the Federal Reserve may initiate interest rate cuts as early as September, supporting a more favorable environment for risk assets. At the same time, the latest U.S. ADP employment report showed a surprise decline of -33,000 jobs in June, far below the 95,000 expected—possibly reinforcing the Fed’s dovish tilt.
In Europe, Belgian KBC Bank announced it would begin offering BTC and ETH investment services to retail customers, marking another step toward traditional finance embracing crypto.
Owen
