BTC & ETH Rally on Top ETF Inflows and S&P Record; Memecoins Dey Surge
Bitcoin (BTC) and Ethereum (ETH) lead broad market rally afta former President Trump tweet sey cryptocurrencies don “punch through ceiling,” wit BTC climb past $57,300 and ETH break above $3,000. Di surge na caused by record spot Bitcoin ETF inflows totalling $1.175 billion on July 10 and e coincide when S&P 500 hit new highs due to strong corporate earnings and easing inflation data. Meme coins perform betta, top one na MOG (+20%), FARTCOIN (+17%) and PENGU (+24%). Meanwhile, Ethereum Foundation unveil four new support teams to boost adoption, and institutional blockchain finance move forward as Germany’s NRW.BANK issue €100 million digital bonds for Polygon and Animoca Brands promise $100 million to DDC’s Bitcoin treasury. Combined crypto market cap rise $150 billion, show say risk appetite dey grow and e suggest continued bullish momentum.
Bullish
Dis rally dey driven by mix of strong crypto-specific and macro factors: record spot Bitcoin ETF inflows show say institutional demand dey grow, plus as S&P 500 dey hit fresh highs because of solid earnings and inflation data wey dey ease, e dey push cross-asset risk appetite. Memecoin dey perform well get speculative boost, Ethereum Foundation new support teams show say network development dey continue. Institutional moves like digital bonds on Polygon and $100 million Bitcoin treasury pledge still dey validate blockchain finance. Together, all dis catalysts show say short-term upside strong and e lay foundation for long-term growth, make overall market outlook dey bullish.