Crypto Prices Rise Over Holiday Weekend Amid ETF Inflows
Following the July 4 holiday weekend, major cryptocurrencies see significant price increases, according to Decrypt. Bitcoin rebounds to over $63,000, while Solana climbs to $81 and Ethereum jumps to $1,770, with a key factor being positive ETF inflows.
Cryptocurrencies experienced notable gains over the July 4 holiday weekend, with Bitcoin (BTC) rising to over $63,000, marking a 5% weekly increase. Other major coins also saw impressive upswings: Ethereum (ETH) climbed 12% to $1,770, and Solana (SOL) rose 11% to $81. Meanwhile, the CMC20 index, which tracks the top 20 assets, posted an overall rise of approximately 9%.
Two main factors contributed to this turnaround. First, a weak jobs report released on Thursday indicated only 57,000 payrolls were added in June, compared to the expected 113,000, which alleviated some fears surrounding potential interest rate hikes. More importantly, there was a significant reversal in ETF flows. Spot Bitcoin ETFs, which had suffered over $4 billion in outflows in June, showed a turnaround with net inflows of $223.5 million on July 2. Ethereum ETFs also recorded positive inflows, adding approximately $15 million and $29 million on July 1 and July 2, respectively. This shift signifies changing sentiments in the market and may suggest the end of a bearish period for cryptocurrencies.
Institutional investors also responded positively, with reports of whales purchasing about $16.7 billion in Bitcoin over a two-week span. This accumulation has historically occurred near market bottoms, implying a potential stabilization point. Additionally, the positive performance of Bitcoin affected related assets, with STRC rising 21% to $87.87 and the stock of MicroStrategy (MSTR) rebounding 21% as well, reclaiming the $100 price point.
While these gains are significant, it is important to note that one or two good days do not negate the record outflows seen in June.
The movement in both Bitcoin and the broader cryptocurrency market could signal a shift in investor sentiment, as continued positive trends in inflation and ETF inflows may encourage further participation in these assets. Observers should monitor these inflows and the responses from institutional investors closely.
Summary based on original reporting by Tyler Warner at Decrypt, originally published Jul 6, 2026. SolanaWire does not republish source content.
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