$BTC Reclaims $110,000 Mark on Macro Liquidity Surge


$BTC surged above $109,000 Thursday morning, reaching three-week highs as institutional capital drives the rally.


The world's largest cryptocurrency briefly touched $110,00, marking its strongest performance since mid-June.


$ETH posted even stronger gains, climbing 5.58% to $2,564, while $SOL and $DOGE also participated in the broader rally.


$BTC Markets analyst Rachael Lucas attributes the move to the increasing M2 money supply and improved #liquidity conditions.


The U.S. finalized a trade deal with Vietnam, cutting tariffs to 20% from the proposed 46%, signaling potential diplomatic progress.


Lucas notes that institutional allocations remain the primary driver, with retail participation still subdued compared to previous cycles.


#Trading volumes on centralized exchanges hit nine-month lows in June, highlighting the institutional-heavy nature of current market dynamics.


The analyst warns that without sustained catalysts like clearer Fed guidance or continued #ETF inflows, $BTC may struggle to break its all-time high.


Current price action suggests the market needs additional institutional momentum to push through the $111,000 resistance level.

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July 03, 2025 at 9:38 AM
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