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Bitcoin (BTC) Performance Summary: July 3rd, 2025

Overview: On July 3rd, 2025, Bitcoin (BTC) demonstrated a strong performance, maintaining its position near all-time highs. The day was marked by significant price appreciation and robust trading activity, supported by various technical and fundamental factors.

Key Metrics & Technical Indicators (Based on available data for July 3rd, 2025):

• Price Action:
  • High: Approximately $110,570 USD.
  • Low: Approximately $105,100 USD.
  • Closing Price: Around $108,824.4 USD. Bitcoin recorded a significant daily appreciation of approximately +3.04%. The price surged past $108,000 and briefly exceeded $109,600, actively testing resistance levels near its all-time high of $111,970.
• Market Capitalization:
  • Market Cap: Approximately $2.16 trillion USD. The 24-hour trading volume saw a substantial increase of 26%, reaching $56.31 billion USD, indicating strong conviction behind the buying activity. The overall cryptocurrency market capitalization also rose by $104 billion, reaching $3.31 trillion.
• Moving Averages:
  • EMA 200 (Exponential Moving Average 200): A bullish «golden cross» was observed on four-hour charts, with the 50-period EMA positioned above the 200-period EMA, signaling a strong long-term upward trend.
  • EMA 50 (Exponential Moving Average 50): The 50-period EMA was above the 200-period EMA, confirming the bullish «golden cross.» While prices briefly pushed below the 50-period EMA in short-term observations, the overall trend remained bullish.
  • SMA 200 (Simple Moving Average 200): No specific data for the 200-period SMA was explicitly provided for July 3, 2025.
  • SMA 50 (Simple Moving Average 50): Bitcoin successfully regained the 50-day SMA as a support level, indicating a positive short-to-medium term trend.
• RSI (Relative Strength Index):
  • RSI Reading: Between 55.24 and 61.41. These values are above the 50-level, indicating a dominance of bullish momentum. However, the RSI line showed signs of flattening, suggesting that while momentum remained bullish, its intensity might be waning or entering a phase of consolidation.
• MACD (Moving Average Convergence/Divergence):
  • MACD Status: The MACD analysis indicated an increase in bullish sentiment with the formation of a «golden cross» (MACD line over the signal line). The MACD line remained above the signal line, and the histogram showed a slightly positive bias. Despite these bullish signals, the gap between the MACD line and the signal line was narrowing, and the histogram was close to the neutral zero line, suggesting a gradual loss of immediate upward momentum.

Brief Fundamental Analysis

On July 3rd, 2025, Bitcoin’s strong performance was underpinned by a confluence of favorable fundamental factors. Historically, Bitcoin has shown a robust recovery following geopolitical shocks, and its consolidation in June amidst Middle East tensions was seen as a precursor to a potential rally. Bitwise analysts noted that Bitcoin typically rallies by an average of 31% in the 50 days after global pullbacks, suggesting a potential target of $136,000 if this pattern holds.

The macroeconomic environment also played a crucial role, with expectations of easing monetary policy from the Federal Reserve anticipated to inject liquidity into markets, providing support for cryptocurrencies. Persistent inflation and a dovish Fed stance continued to fuel long-term bullish sentiment.

Institutional demand remained a dominant theme, with significant inflows into Bitcoin Exchange-Traded Funds (ETFs) and corporate treasuries actively reducing the circulating supply. BlackRock’s IBIT, for instance, held $75 billion in Bitcoin, accounting for 55% of the Bitcoin ETF market. This strong institutional accumulation, where institutions were acquiring more coins than miners could produce, created conditions for a potential «supply shock.»

Furthermore, market sentiment was bolstered by high-profile news, including reports of US President Donald Trump’s increased wealth due to his crypto ventures and the U.S. Securities and Exchange Commission (SEC) approving Grayscale’s plan on July 2, 2025, which generally provides regulatory clarity and boosts confidence. Leading analysts, such as Bitwise CIO Matt Hougan, reiterated ambitious Bitcoin price targets of $200,000 for 2025, further reinforcing the optimistic outlook.