Market Overview
The global cryptocurrency market capitalization has exceeded $2.7 trillion**, reaching **$2,701,361,885,427 at press time, with a 24-hour trading volume of $217,452,172,792. Key asset valuations include:
- Bitcoin (BTC): $1,326,937,600,864
- Ethereum (ETH): $475,196,028,690
Macroeconomic Context
Forex and Equities
- The USD/JPY pair declined 9% in H1 2025, marking its strongest performance in years.
Robust U.S. June nonfarm payroll data signaled economic resilience, reducing expectations for a July Fed rate cut. The 10-year Treasury yield rose to 4.35%, while major indices hit record highs:
- S&P 500: 6,279 (+0.83%)
- Nasdaq: 20,601 (+1.02%)
- Dow Jones: +0.77%
Commodities
Gold prices dropped 1% on July 3 as strong labor data diminished near-term rate-cut prospects, weakening its appeal as a hedge.
Forex Movements
The GBP/JPY pair gained ground, supported by upbeat U.S. jobs data that boosted risk appetite and pressured safe-haven currencies.
Bitcoin Price Action
BTC briefly surpassed $110,000 this week amid heightened volatility:
- July 4 peak: $110,529 (+1%)
- Current price: $109,483 (slightly below key resistance)
- All-time high proximity: ~$1,000 away from $120,000
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FAQs
Q1: What drove the cryptocurrency market cap above $2.7 trillion?
A: Combined growth in BTC/ETH valuations and institutional adoption fueled this milestone.
Q2: How does the USD/JPY performance affect crypto?
A: A weaker USD often boosts crypto demand as investors seek alternative stores of value.
Q3: Why did gold prices fall despite market uncertainty?
A: Reduced Fed rate-cut expectations strengthened the dollar, making gold less attractive.
Q4: Is Bitcoin's $110K breakout sustainable?
A: While bullish, volatility remains high. Monitor trading volume and macroeconomic cues.
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