The cryptocurrency market is surging on strong bullish momentum, with Bitcoin reclaiming the $108,000 mark and altcoins like Cardano (ADA) posting double-digit percentage gains. As of midday on July 3, 2025, the global crypto market cap has climbed to $3.36 trillion—an increase of 2.88% in just 24 hours. Investor sentiment is riding high on a wave of favorable regulatory signals, macroeconomic developments, and renewed institutional interest.
This article breaks down the latest price movements, analyzes key market drivers, and explores how political and technological shifts are shaping the future of digital assets.
Bitcoin Rebounds to $108K Amid Historic Low Volatility
Bitcoin (BTC) has surged 2.41% to trade at $108,898.98, marking a significant psychological milestone for the leading cryptocurrency. The rally comes amid dwindling volatility—a rare market condition that historically precedes major price breakouts.
According to insights from veteran crypto analyst Jackis, Bitcoin’s volatility has dropped to its lowest level since 2023. This pattern has only occurred seven times in the past decade, and each instance was followed by a substantial price swing within five weeks. With BTC now testing the upper boundary of its long-term consolidation range, traders are positioning for a potential explosive move.
Several structural factors support this bullish thesis:
- Declining exchange reserves: Bitcoin held on centralized exchanges continues to fall, indicating strong holder confidence and reduced selling pressure.
- Persistent ETF inflows: Spot Bitcoin ETFs have seen consistent daily inflows, reinforcing institutional demand.
- Political tailwinds: Growing pro-crypto rhetoric from U.S. leadership is boosting market sentiment.
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Historically, July has been a strong month for Bitcoin performance. If past seasonal patterns hold, the current momentum could extend into a broader bull run over the coming weeks.
Ethereum Climbs 5.4% as Stablecoin Supply Hits Record High
Ethereum (ETH) is not far behind, climbing 5.4% to $2,569.56. The rally is underpinned by robust fundamentals in the decentralized finance (DeFi) ecosystem, particularly the explosive growth of stablecoins on the Ethereum blockchain.
Fresh data from Token Terminal reveals that the total stablecoin supply on Ethereum has reached an all-time high of $135.4 billion. This surge reflects growing trust in Ethereum as the primary settlement layer for digital dollars and highlights deepening liquidity across decentralized applications (dApps).
A rising stablecoin supply typically signals increased market participation—whether for trading, lending, or yield farming—without immediate sell-side pressure. This trend suggests that investors are preparing for more activity within the Ethereum ecosystem, possibly ahead of upcoming protocol upgrades or Layer-2 expansions.
With ETH maintaining strong network fundamentals and developer activity at multi-year highs, many analysts believe Ethereum is well-positioned for sustained growth alongside Bitcoin.
Cardano Leads Altcoin Rally with 7% Surge
Among altcoins, Cardano (ADA) stands out with a remarkable 7% gain, now trading at $0.5910. This makes ADA the top performer among the top 10 cryptocurrencies by market cap.
The surge follows growing optimism around upcoming network upgrades and increased staking participation. Cardano’s proof-of-stake blockchain continues to attract developers focused on sustainability and scalability, differentiating it from competitors reliant on energy-intensive consensus mechanisms.
Other major altcoins also posted solid gains:
- XRP rose 3.27% to $2.25 amid speculation of improved on-chain utility and potential partnerships.
- Solana (SOL) gained 3.32%, reaching $153.91, supported by strong NFT and DeFi activity.
- Dogecoin (DOGE) jumped 6.32%, benefiting from renewed meme culture momentum and social media buzz.
- BNB edged up 1.50% to $659.89, reflecting steady exchange-based demand.
- TRON (TRX) saw a modest 0.81% increase to $0.2834.
These broad-based gains suggest improving risk appetite across the crypto market, with investors rotating into high-potential assets beyond Bitcoin and Ethereum.
Stablecoins Maintain Stability Amid Market Surge
Despite sharp price movements in volatile cryptocurrencies, Tether (USDT) and USD Coin (USDC) remain firmly anchored at $1.00. Their stability plays a critical role in facilitating trades, hedging risk, and enabling cross-border value transfer within the digital asset ecosystem.
The record stablecoin supply on Ethereum underscores their importance as the backbone of crypto liquidity. As more users enter the market through regulated gateways, stablecoins act as a bridge between traditional finance and decentralized applications.
Key Market Drivers Influencing Crypto Prices
Several macro-level developments are fueling today’s rally:
1. U.S. Eases Chip Export Rules to China
The U.S. government has lifted restrictions on exporting advanced chip design software to China. Companies like Synopsys and Cadence have resumed services, signaling a thaw in tech relations. This development could accelerate innovation in blockchain hardware, including mining equipment and high-performance computing infrastructure.
2. U.S. House Prepares Tax Reform Vote
President Trump confirmed that the House of Representatives is set to vote on a comprehensive tax reform bill later today. Early reports suggest bipartisan support and potential inclusion of crypto-friendly provisions—such as clearer capital gains treatment and startup incentives.
If passed, this legislation could reduce regulatory uncertainty and encourage wider adoption of digital assets by businesses and retail investors alike.
👉 See how policy changes could unlock the next phase of crypto growth.
Frequently Asked Questions (FAQs)
What are crypto prices today?
As of July 3, 2025, Bitcoin trades at $108,898.98 (+2.41%), Ethereum at $2,569.56 (+5.40%), and Cardano leads altcoins with a 7% jump to $0.5910.
Why is Bitcoin price rising?
Bitcoin’s rise is driven by declining volatility, strong ETF inflows, falling exchange reserves, and positive political sentiment—particularly around U.S. crypto policy.
Is Ethereum outperforming Bitcoin today?
Yes—Ethereum is up 5.4% compared to Bitcoin’s 2.41%, fueled by record stablecoin issuance on its network and growing DeFi activity.
What’s driving Cardano’s 7% price spike?
Increased developer engagement, anticipation of network upgrades, and improved staking metrics are contributing to Cardano’s outperformance.
How do stablecoins impact crypto markets?
Stablecoins provide essential liquidity, enable seamless trading pairs, and serve as safe havens during volatility—making them foundational to market health.
Could tax reform boost crypto adoption?
Yes—clearer tax rules reduce compliance risks and encourage institutional participation, potentially unlocking billions in new investment.
Final Outlook: Bullish Momentum Builds
The crypto market is entering a pivotal phase shaped by technological progress, regulatory clarity, and macroeconomic shifts. With Bitcoin above $108K**, **Ethereum surpassing $2,500, and Cardano leading altcoin gains, the ecosystem is demonstrating resilience and maturity.
Political developments—especially pro-innovation policies in the U.S.—are acting as powerful catalysts. Meanwhile, infrastructure improvements like rising stablecoin supply and relaxed tech export rules point to long-term structural strength.
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While short-term fluctuations are inevitable, the confluence of favorable conditions suggests that the current rally may be more than just a fleeting bounce. Investors should watch key levels closely and prepare for heightened volatility as the market digests upcoming ETF flows, regulatory updates, and macroeconomic data.
For now, the signal is clear: crypto is back in bullish mode.