Crypto Market Update: Bitcoin Hits $109K, XRP Rises – 3 July 2025

                         📰 Market Movers

Bitcoin (BTC) surged beyond $109K, up ~2.5–3%, buoyed by strong institutional demand and ETF inflows .

Ethereum (ETH) climbed to around $2,600, marking a ~6‑7% gain .

XRP rallied ~3–3.5%, supported by Ripple's push for a U.S. banking charter .

                   

                           🔝 Highlights

BlackRock’s Bitcoin ETF (IBIT) continues its dominance, earning more fees than an S&P 500 fund and accounting for $3.85 B of BTC holdings .

The first U.S.-based Solana staking ETF (SSK) began trading July 2, offering potential staking yields (~7.3% annually); BTC jumped ~3.9% at launch .

CoinSwitch (India) launched support for buying/selling over 100,000 crypto tokens with INR, making Web3 access far easier locally .

Ripple applied for a U.S. national bank charter, signaling deeper integration with traditional finance .

             📈 Market Cap & Sentiment

The global crypto market cap sits at $3.37–3.41 T with mixed sentiment—gains in large-cap coins, though indicators like fear-greed remain cautiously optimistic.

                   🔍 Summary

Today’s rally highlights a shift in institutional crypto engagement—with ETF-driven inflows, new staking products, and regulatory moves (bank charters). This signals growing acceptance beyond Bitcoin and stablecoins, even as speculators eye altcoins like XRP and SOL for momentum.