The crypto market just got its spark back — and it’s not just Bitcoin doing the heavy lifting. Let’s break down why the past 48 hours have been pivotal for digital assets.

🚀 Bitcoin Crosses $110K — Highest Since June

BTC hit $110,350, a sharp rebound after wobbling on U.S. jobs data.

The rally was fuelled by global equities climbing, a weaker U.S. dollar, and a major trade deal between the U.S. and Vietnam finalized by President Trump.

This move cements Bitcoin’s position as the macro hedge traders love when the dollar softens.

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📈 Solana ETF Makes a Splash

REX-Osprey Solana + Staking ETF (SSK) debuted in the U.S. — and it’s already a blockbuster.

Trading hit $20M on day one, putting it in the top 1% of ETF launches.

Key feature? Investors get exposure to staked Solana (SOL) without needing to navigate the complexities of custody or staking themselves.

This could mark a watershed moment for altcoin ETFs, broadening access beyond Bitcoin and Ethereum.

🇺🇸 Trump Factor: Crypto’s Wild Card

July 22 deadline looms for Trump’s crypto executive order, which could establish a U.S. Strategic Bitcoin Reserve — a game-changer that legitimizes BTC as a sovereign asset.

His “Big Beautiful Bill” could:

Deliver tax cuts for wealthy Americans.

Push U.S. debt higher.

Weaken the dollar → boost Bitcoin.

But there’s volatility risk: Trump is still reworking trade deals with China and other economies.

📊 Institutional Demand Stays Hot

Macro conditions (weak dollar, risk appetite returning) + regulatory tailwinds = supportive backdrop for crypto.

Vetle Lunde (K33 Research): Crypto leverage is contained → less chance of a broad market wipe-out. Instead, this favours spot exposure and patience.

Translation: Institutions are still quietly accumulating, not bailing.

🔑 Key Takeaways

Bitcoin is back above $110K and showing resilience against macro jitters.

Solana ETF debut signals that altcoin adoption in traditional finance is accelerating.

Trump’s policies — from trade deals to the possible U.S. Bitcoin Reserve — are the next big catalysts to watch.

Institutions remain in play, and leverage risks look manageable, keeping the market stable despite volatility.

👉 The stage is set: If Trump’s crypto executive order lands in favour of Bitcoin and macro tailwinds keep pushing, we could be on the cusp of another crypto super cycle.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.