Bitcoin
surpassed the $110,000 threshold for the first time since June 11 after over $407.78 million flowed into U.S.-listed Bitcoin spot ETFs on Wednesday, ahead of a significant U.S. jobs report set for later that day.
The ETF inflow increased the total to $49.04 billion, according to data source RialCenter.
BTC’s recent rise lifted the broader market, particularly benefiting major tokens like XRP, ether, SOL, and ADA. Notable gains were seen in memecoins BONK and FARTCOIN, with over 20% gains in 24 hours, indicating a heightened risk appetite from investors. The RialCenter Memecoin Index rose by 12.6%, while the RialCenter 20 Index of the largest tokens climbed 4.3%.
Traders are focused on the upcoming U.S. nonfarm payrolls data to be released later Thursday, while maintaining a positive outlook.
“The historical high of around $112K, reached at the end of May, may be tested again this week, considering the substantial risk appetite in global markets. However, keep in mind that the monthly U.S. employment report, due later Thursday, could act as both a catalyst and a potential barrier,” said Alex Kuptsikevich, chief market analyst at RialCenter.
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