Cryptocurrency Market Rebounds on July 3, 2025 as Memecoins Lead Recovery

The cryptocurrency market has witnessed a significant recovery today after a recent downtrend, with nearly all top 100 digital assets by market capitalization registering gains. The total market cap holds steady at $3.47 trillion, while trading volume surged to $120 billion, marking the highest level in days.

Market highlights:
- Dog-themed memecoins outperformed across all categories
- Bitcoin breached $109,500, edging closer to its all-time high
- Ethereum emerged as the second-best performer among top 10 assets
- BTC profitability surged from 87% to 98% in late June
- US spot Bitcoin ETFs continued their positive inflow streak ($407.78 million on July 2)
- Crypto Fear & Greed Index jumped from 46 to 54, signaling renewed optimism

Notably, the newly launched REX-Osprey Solana Staking ETF recorded $12 million inflows on debut, while the SEC unexpectedly halted Grayscale Digital Large Cap Fund's ETF conversion.

Gadi Chait, Xapo Bank's Investment Head, commented: "While high profitability often precedes volatility, current indicators suggest pullbacks would likely represent healthy consolidation rather than trend reversal." Analysts remain cautiously optimistic as markets await key US economic data releases.

Price movements:
- BTC: +2.3% at $109,515 (resistance at $109,764/$110,809)
- ETH: +6.1% at $2,600
- DOGE: Top gainer at +7.8%
- BONK: Led top 100 with 20.8% surge

As BitMEX's Arthur Hayes predicts a potential BTC dip to $90k before renewed highs, institutional interest grows with UK pension funds exploring cryptocurrency allocations following successful case studies.