The cryptocurrency market experienced a significant rebound on Thursday, July 3, 2025, fueled by a wave of capital inflows and key macroeconomic developments. This surge saw major tokens and crypto-related equities soar, pushing the total crypto market capitalization from $3.24 trillion to $3.39 trillion in just 24 hours, representing a net inflow of over $100 billion. The broader market rebound resulted in the total market cap reclaiming $3.5 trillion on Wednesday.

The rally was primarily triggered by weaker-than-expected U.S. ADP jobs data and a substantial spike in the M2 money supply, alongside a new US trade agreement with Vietnam. The US M2 money supply notably rose 4.5% year-over-year in May, reaching a high of $21.94 trillion, marking its 19th consecutive month of growth. This increase in global liquidity is often correlated with Bitcoin's performance, typically with a three to six-month lag, suggesting potential for continued rally in the coming months.

President Donald Trump's announcement of a US trade agreement with Vietnam also played a crucial role. This deal, intended to ease previously imposed tariffs on Vietnamese exports, would apply a 20% tariff on Vietnamese imports into the US, with a steeper 40% levy on "transshipping." In return, Vietnam committed to opening its market to American imports with zero tariffs. This development provided further impetus for the crypto market's positive trajectory.

Individual cryptocurrency performance reflected this robust growth. Bitcoin (BTC) surged over 3% in 24 hours, rallying past $109,000, briefly touching $109,600 and nearing its all-time high of $111,970. Its futures open interest (OI) spiked significantly from 651.66K BTC to 689.78K BTC, signaling strong market activity. Ethereum (ETH), the second-largest cryptocurrency, also performed strongly, gaining nearly 8% and trading above $2,560. Other major altcoins such as XRP, Solana (SOL), and Dogecoin (DOGE) posted gains ranging between 3% and 8%, with most coins in the top 100 seeing an uptick of over 7%.

The positive momentum extended to crypto equities, with several companies experiencing substantial increases. Bakkt (BKKT) skyrocketed 32%, Hut 8 Mining (HUT) gained 14%, and Marathon Digital (MARA) rose 13%. MicroStrategy (MSTR), Coinbase (COIN), and Robinhood (HOOD) each saw gains exceeding 5%. This market surge also led to significant liquidations, with $320.6 million in total liquidations over 24 hours, comprising $62.8 million in long liquidations and a substantial $258.5 million in short liquidations, indicating a squeeze on bearish positions.

Beyond macroeconomic factors, recent regulatory developments and ongoing technological advancements within the crypto space have also contributed to investor confidence. The approval of certain regulatory frameworks has fostered a more favorable environment, while innovations like the Ethereum Pectra Upgrade and new blockchain projects have attracted further investment and development. However, despite these encouraging gains, investors are reminded that the cryptocurrency market remains highly volatile, and thorough research is crucial before making any investment decisions.