Official market data from July 3, 2025, shows Bitcoin trading above $109,000 after a volatile 24 hours.
The market cap for all cryptocurrencies stands at $3.31 trillion.Bitcoin gained nearly 2.5% in the last day, while Ethereum advanced over 6%, trading above $2,560.
These moves followed a period of consolidation and renewed institutional activity.Bitcoins price action reflects a tug-of-war between ETF flows and broader market sentiment.
The 15-day streak of net inflows into US-listed spot Bitcoin ETFs ended with $342 million in outflows.Fidelity and Grayscale led the redemptions, with $172.7 million and $119.5 million withdrawn, respectively.
Despite this, year-to-date inflows remain robust, and the market quickly absorbed the selling.Ethereum-focused funds, in contrast, attracted $40.7 million in net inflows, highlighting a shift in institutional interest.
Technical analysis of the daily Bitcoin chart reveals a strong uptrend.Bitcoin Holds Above $109,000 as ETF Flows and Technicals Drive Market Action.
(Photo Internet reproduction)The price remains above the 50-day and 200-day moving averages, confirming bullish momentum.
The Relative Strength Index (RSI) sits near 59, indicating positive momentum but not yet overbought conditions.The Moving Average Convergence Divergence (MACD) shows a bullish crossover, supporting the case for further gains.
Bollinger Bands have widened, reflecting increased volatility and the potential for larger price swings.The four-hour chart supports the daily trend, with Bitcoin consistently making higher lows and higher highs.
Short-term moving averages have crossed above longer-term averages, reinforcing the bullish outlook.The RSI on this timeframe stands above 62, suggesting strong momentum.
Volume analysis confirms that recent price advances have been supported by increased trading activity, which often validates the strength of a move.Ethereums performance stands out, with the price breaking above key resistance at $2,470 and consolidating near $2,600.
The MACD remains positive, and the RSI has cooled from overbought levels, suggesting the rally could continue if support holds.Altcoins such as XRP, Solana, and Dogecoin also posted gains, with XRP rising 3.2% after Ripples application for a US banking charter.
Solana rebounded to $155, supported by DeFi activity, while Dogecoin gained on renewed social sentiment.Macroeconomic factors continue to influence the market.
Stable US Federal Reserve rates and ongoing geopolitical tensions, including US-China trade issues and Middle East unrest, have driven some investors toward digital assets as a hedge.Security concerns persist, with new hacking techniques identified by blockchain security firms, but these have not derailed the broader uptrend.
The real story behind the numbers is a market that remains resilient despite ETF outflows and macro uncertainty.Institutional demand, technical strength, and selective altcoin rallies have kept sentiment neutral to cautiously optimistic.
Traders now watch for further ETF developments and macroeconomic signals to determine the next direction.