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Bitcoin Rises to 3-Week High as ETF Flows Rise — Market Talk

Dow Jones Newswires

2025-07-03 20:14:00

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Bitcoin rises to a three-week high as crypto sentiment is buoyed by easing macroeconomic worries and continued exchange traded fund inflows, Saxo Bank analysts say in a note. A trade agreement between the U.S. and Vietnam boosted market optimism with tariffs set lower than feared, they say. Wednesday's softer ADP private payrolls report increased bets for Federal Reserve interest rate cuts, further supporting risk appetite. Institutional demand for cryptocurrencies remains strong with BlackRock's bitcoin ETF and the new iShares ethereum ETF rising. Meanwhile, Ripple, which manages a dollar-backed stablecoin called RLUSD, has applied for a national banking license. It joins a number of cryptocurrency companies trying to cross into mainstream finance. Bitcoin rises to $110,279. (renae.dyer@wsj.com)

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