Analysis: Bitcoin Hits Three-Week High on ETF Inflows and Halving Expectations

BlockBeats News, July 3rd, Standard Chartered 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 market's risk appetite was boosted by the U.S.-Vietnam trade agreement and soft ADP employment data, increasing expectations of a rate cut.

Institutional demand remains strong, with BlackRock's Bitcoin ETF and iShares' newly launched Ethereum ETF both seeing gains. Meanwhile, Ripple has applied for a U.S. banking license, and crypto companies are accelerating their penetration into mainstream finance.