The cryptocurrency market capitalisation approached $3.40 trillion by the end of Wednesday, climbing nearly 3% in 24 hours as Bitcoin led a broad-based rally across digital assets.
Bitcoin surged past $109,500 late in the session, lifting major altcoins. Ethereum gained 6%, while Dogecoin and Cardano advanced more than 7%.
The move reflects a resurgence in risk appetite, with investors rotating back into crypto amid improving sentiment and strong technical setups.
Although Bitcoin briefly pulled back by about $1,000 early Thursday, it quickly rebounded to retest levels last seen in early June.
With the all-time high of approximately $112,000 set in late May, now within reach, traders are closely monitoring whether BTC can sustain its momentum and push to new highs.
The rally comes amid elevated global risk appetite and expectations of looser monetary policy, but Thursday’s US jobs report could shift the tone.
The data will be scrutinised for clues on the Fed’s next steps.
The broader bullish sentiment has also extended to early-stage projects like Bitcoin Pepe.
The meme-driven Layer 2 on the Bitcoin network has continued to attract investor interest, with its ongoing presale gaining traction alongside the broader market uptrend.
US spot Bitcoin exchange-traded funds (ETFs) have staged a strong rebound, drawing over $400 million in inflows on Wednesday, a day after their fifteen-day inflow streak came to an end, as per data from Farside Investors.
The renewed demand was led by Fidelity’s FBTC, which attracted more than $180 million in fresh capital.
The surge follows a sharp $342.25 million in net outflows on July 1, which marked the end of a streak that brought in more than $4.7 billion between June 6 and June 30.
Despite the temporary pullback, year-to-date inflows into spot Bitcoin ETFs remain robust at approximately $13.4 billion, underscoring sustained institutional interest in the asset class.
As Bitcoin continues its strong rebound and approaches a potential new all-time high, institutional participation remains a key factor underpinning broader market sentiment.
At the same time, investor appetite is shifting toward higher-beta segments, with meme coins once again attracting capital inflows.
Among the projects gaining traction is Bitcoin Pepe, which sets itself apart by blending meme culture with Layer 2 infrastructure capabilities.
Unlike typical meme tokens driven solely by social momentum, Bitcoin Pepe positions itself as the first meme-centric Layer 2 solution on the Bitcoin network.
Its presale, launched in February, has maintained steady momentum, drawing attention from investors seeking high-risk, high-reward opportunities in the crypto space.
The ongoing presale has raised over $16.2 million, with the BPEP token currently priced at $0.0437.
A price increase is expected once contributions cross the $17.07 million threshold.
According to the team, BPEP will be listed on BitMart and MEXC, with another listing announcement scheduled for July 31.
These upcoming milestones continue to drive investor interest as the presale enters its final phase.
