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Analysis: Bitcoin Hits Three-Week High on ETF Inflows and Halving Expectations
2025-07-03 20:26
BlockBeats News, July 3rd, Standard Bank stated that as Bitcoin ETF inflows continued and macroeconomic concerns eased, Bitcoin's price surged to $110,279, hitting a three-week high. The US reaching a trade agreement with Vietnam and soft ADP employment data have increased market expectations of a rate cut, boosting risk appetite.
Institutional demand remains strong, with BlackRock's Bitcoin ETF and iShares' newly launched Ethereum ETF both seeing gains. Meanwhile, Ripple has applied for a US banking license, and crypto companies are accelerating their penetration into mainstream finance.
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