As of the early evening on July 2, Bitcoin (BTC +5.93%) saw an increase of 2.0%, reaching a price of $61,297.68. Meanwhile, Ethereum (ETH +5.81%) climbed 5.0% to settle at $1,696.07, and Solana (SOL +10.23%) rose by 4.6%, reaching $80.71.
What’s Influencing the Cryptocurrency Markets
Comments made yesterday by Federal Reserve Chair Kevin Warsh have continued to support the crypto markets today. Traders are optimistic that declining inflation may lessen the chances of interest rate increases later this year. Bitcoin remains above the $61,000 mark, encouraging investors that a recovery from June’s 21-month lows could happen this July. Additionally, Glassnode reported that long-term Bitcoin investors have returned to net accumulation.
Overview of Crypto ETFs
Funds continued to exit from spot Bitcoin ETFs, with total outflows amounting to $296 million yesterday. The iShares Bitcoin Trust experienced a loss of nearly $220 million in assets. In contrast, the Grayscale Bitcoin Mini Trust gained $36 million, likely due to its lower management fees. On a positive note, inflows for spot Ethereum ETFs turned favorable yesterday, with the iShares Ethereum Trust ETF attracting $23,290 in investments.
Implications for Investors
Today, cryptocurrency values diverged from technology stocks, with major cryptocurrencies gaining while the Nasdaq index declined. Nonetheless, Bitcoin is still in a precarious position, and investors are closely monitoring inflation and employment data for clues about future actions from the Fed. Interest rate hikes can create downward pressure on risk-sensitive assets like cryptocurrencies.
Solana has surged 20% over the last week, propelled by the release of a new on-chain governance feature. This innovation-driven blockchain has garnered attention thanks to various practical projects, including tokenized stocks and an on-chain prediction market. Current market trends are leaning towards utility over speculation, positioning Solana as an appealing long-term investment.
Top 10 Cryptocurrencies by Performance
| # | Name | Price | 24h Change | 7d Change |
|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $61,430.00 | +2.7% | +3.7% |
| 2 | Ethereum (ETH) | $1,699.86 | +5.6% | +9.1% |
| 3 | Tether (USDT) | $0.9990 | +0.0% | +0.1% |
| 4 | BNB (BNB) | $558.19 | +1.5% | +0.9% |
| 5 | USDC (USDC) | $0.9998 | +0.0% | +0.0% |
| 6 | XRP (XRP) | $1.08 | +2.6% | +5.1% |
| 7 | Solana (SOL) | $80.70 | +5.3% | +22.5% |
| 8 | TRON (TRX) | $0.3175 | +0.2% | -2.0% |
| 9 | Figure Heloc (FIGR_HELOC) | $1.03 | +1.7% | +0.5% |
| 10 | Hyperliquid (HYPE) | $66.39 | +6.0% | +5.6% |
Rankings based on market capitalization. Data source: CoinGecko, as of July 02, 2026, 20:17 UTC.
Emma Newbery holds positions in BNB, Ethereum, and Solana. The Motley Fool invests in and recommends Bitcoin, Ethereum, Hyperliquid, Solana, XRP, and iShares Bitcoin Trust. The Motley Fool also recommends BNB and TRON. For more information, review their disclosure policy.