Crypto Market Today, July 2: Bitcoin Breaks Away from Tech Stocks to Surge Above $61,000 | The Motley Fool
As of early evening on July 2,Bitcoin(BTC+1. 17%)rose 2. 0% to $61,297. 68,Ethereum(ETH+4. 34%)rose 5. 0% to $1,696. 07, andSolana(SOL+3. 27%)rose 4. 6% to $80. 71. What's driving crypto marketsYesterday’s comments. . .
As of early evening on July 2,Bitcoin(BTC+1. 17%)rose 2. 0% to $61,297. 68,Ethereum(ETH+4. 34%)rose 5. 0% to $1,696. 07, andSolana(SOL+3. 27%)rose 4. 6% to $80. 71. What's driving crypto marketsYesterday’s comments from Federal Reserve Chair Kevin Warsh continued to buoy crypto markets today, as traders hoped easing inflation pressures might reduce the likelihood of rate hikes later this year. Bitcoin held above $61,000, giving holders hope that July might bring further recovery from June’s 21-month lows. Separately, Glassnode said long-term Bitcoin holders returned to net accumulation. Crypto ETF snapshotMoney continued to move out ofspot Bitcoin ETFsyesterday, with $296 million in total outflows. TheiShares Bitcoin Trustlost almost $220 million in assets, while theGrayscale Bitcoin Mini Trustsaw inflows of $36 million, perhaps due to its lower management fee. Inflows into spot Ethereum ETFs turned positive yesterday, after theiShares Ethereum Trust ETFattracted $23,290 in inflows. What this means for investorsCryptocurrency prices diverged from tech stocks today, as lead cryptos gained while the Nasdaq fell. However, Bitcoin remains in fragile territory, and investors are watching inflation and jobs data for hints about what the Fed might do next. Rate hikes tend to pressure riskier assets like crypto. Solana, which has gained 20% in the past week, pushed higher after launching a new on-chain governance mechanism. The innovation-focused blockchain has recently attracted attention with several real-world projects, such as tokenized stocks and an on-chain prediction market. Today’s markets are focused on utility rather than speculation, making Solana an attractive long-term proposition. Top 10 crypto performance#NamePrice24h7d1Bitcoin (BTC)$61,430. 00+2. 7%+3. 7%2Ethereum (ETH)$1,699. 86+5. 6%+9. 1%3Tether (USDT)$0. 9990+0. 0%+0. 1%4BNB (BNB)$558. 19+1. 5%+0. 9%5USDC (USDC)$0. 9998+0. 0%+0. 0%6XRP (XRP)$1. 08+2. 6%+5. 1%7Solana (SOL)$80. 70+5. 3%+22. 5%8TRON (TRX)$0. 3175+0. 2%-2. 0%9Figure Heloc (FIGR_HELOC)$1. 03+1. 7%+0. 5%10Hyperliquid (HYPE)$66. 39+6. 0%+5. 6%Ranked by market cap. Data: CoinGecko, as of July 02, 2026 20:17 UTC. Emma Newberyhas positions in BNB, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Hyperliquid, Solana, XRP, and iShares Bitcoin Trust. The Motley Fool recommends BNB and TRON. The Motley Fool has adisclosure policy.