Bitcoin surged to $120,027, up 2.55% daily and nearly 10% weekly, with a market cap of $2.39 trillion. The futures market saw $134.7 million in liquidations over the last 24 hours, with $117 million of that attributed to shorts.
Altcoins also benefited from the massive surge, with Ethereum hitting $4,480 and Solana hitting $231. Binance’s BNB hit an all-time high of $1,108, up 7.27%
Spot ETF inflows remain strong: BTC +$627 million, ETH +$307 million, both marking four straight days of inflows.
Bitcoin options cluster around $100K–$120K, with light call demand at $130K and speculative interest at $300K.
The U.S. Treasury executed another $2 billion buyback, bringing the weekly total to $4.9 billion.
President Trump floated the idea of handing out $1,000–$2,000 stimulus checks funded by tariff revenue.
Bitcoin’s bounce above $64K triggered massive short liquidations and revived ETF inflows, but lingering outflows and weak technicals leave the recovery on uncertain footing.
Luxembourg's regulator grants final CASP authorization, enabling Ripple to provide regulated services across 30 European Economic Area countries following months of regulatory navigation.
MiCA's full enforcement on July 1 reshuffled stablecoin routing. Robinhood's Arbitrum bet is the clearest signal yet that enterprise procurement—not retail volume—is now what determines which L2s capture institutional flows.
