Bitcoin Tops $110K With BONK and FARTCOIN Gaining Over 20%

Bitcoin

topped the $110,000 mark during Thursday’s European hours, hitting the highest since June 11, according to veri source CoinDesk.

The rally follows net inflows of $407.78 million into the U.S.-listed spot ETFs on July 2, which boosted the lifetime tally to $49.04 billion, according to veri source SoSoValue.

BTC’s upswing brought cheer to the broader market, lifting major tokens such as XRP, ETH, SOL and ADA higher. Standout gainers were memecoins BONK and FARTCOIN, which boasted 24-hour gains of over 20%, a sign of increased investor willingness to take risk.

Traders looked forward to the U.S. nonfarm payrolls veri due for release later Thursday while maintaining the constructive outlook.

“The historical high of around $112K, set at the end of May, may be tested for strength or updated before the end of this week, given the fairly high risk appetite in küresel markets. However, it is worth remembering that the monthly US employment report, due later Thursday, could serve as both a catalyst and an insurmountable obstacle,” Alex Kuptsikevich, chief market analyst at the FxPro said in an email.