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4E: BTC breaks through $107,500 and moves upward, with favorable policies and easing of risk aversion boosting market sentiment

ChainCatcher message, according to 4E observations, as of July 2, 2025, 16:00 (UTC+8), Bitcoin (BTC) is currently priced at $107,571, up about 0.6% in the past 48 hours, with a high of $108,280 and a low of $105,344, showing a moderate rebound trend overall. The current market is primarily characterized by a fluctuating upward movement, with trading volume slightly increasing.Ethereum (ETH) has risen to $2,480, while Solana (SOL) and Cardano (ADA) have both increased by around 1.5%. The total market capitalization of the cryptocurrency market has rebounded to approximately $3.32 trillion, reflecting a recovery in investor confidence. On-chain data shows that the BTC balance on exchanges continues to decline, with long-term investors steadily accumulating.On the macro level, U.S. Treasury yields have slightly retreated, and the U.S. dollar index has weakened, with market expectations for a Federal Reserve rate cut in September heating up again. Geopolitically, the situation in the Middle East has not escalated, and risk aversion sentiment has significantly weakened, providing overall support for risk assets.In terms of policy trends, the U.S. SEC is pushing to simplify the cryptocurrency ETF application process, and the stablecoin regulatory bill (GENIUS Act) is accelerating its legislative process, bringing structural benefits to the market. Platforms like Coinbase are benefiting significantly, USDC has gained policy trust, while Tether faces higher compliance pressures.In summary, Bitcoin is maintaining an upward trend within a key technical range, with both macro and policy factors likely to continue supporting a market rebound in the short term.4E reminds investors: the current market is stable with fluctuations, and attention should still be paid to the progress of policy implementation and capital flows, while reasonably controlling positions to avoid the risk of pullbacks.
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