Market Overview
Risk assets across crypto ground higher into Friday's holiday-shortened close, with every major in the top four finishing green. Bitcoin reclaimed the $62,776 handle after a 2.0% session gain, ether outperformed at +3.8% to $1,765.30, and XRP led the majors with a 4.7% advance to $1.14. Volumes were thin against the U.S. Independence Day backdrop, and the tape had the character of positioning into a long weekend rather than a directional break.
Asset Price Analysis
Bitcoin's session-high reclaim of the $62,000s pares the week's damage but leaves BTC still down -0.6% ↓ over seven days. The 30-day picture is more constructive at +13.7% ↑, consistent with the settled-flow bid that has run through issuer books for most of June. Round-number resistance sits at $65,000; support at the prior week's $60,500 shelf held on Wednesday's flush.
Ether was the standout on a percentage basis, adding 3.8% but still carrying a -3.7% ↓ weekly print. ETH's 30-day return of +3.7% ↑ continues to lag BTC by roughly 10 percentage points on a monthly basis, a spread the pattern suggests has more to do with issuer-flow concentration than spot demand.
XRP's +4.7% ↑ session gain extended its 7-day advance to 1.7% and its 30-day return to 8.4%, the strongest weekly print among the four majors. Solana added +2.4% ↑ to $82.70, holding onto a 9.2% weekly gain and a 15.6% monthly gain that continues to lead the majors on the 30-day frame.
ETF Flows Context
Friday's issuer books have not yet settled — those figures will be reported in Monday's Pre-Market brief. The most recent settled session, Thursday, July 2, showed +$260.1M ↑ in aggregate net inflows across the reporting complex, according to InflowScan data. Coverage was partial: 11 of 12 BTC funds, 8 of 9 ETH funds, 10 of 11 SOL funds, and 8 of 9 XRP funds had reported, with the remaining issuers still settling.
- FBTC (Fidelity): +$162.2M ↑
- ARKB (ARK Invest): +$91.8M ↑
- ETHA (BlackRock): +$28.3M ↑
- IBIT (BlackRock): -$39.5M ↓
- ETHE (Grayscale): -$2.7M ↓
The Thursday concentration into FBTC and ARKB against an IBIT redemption is unusual — the pattern is historically associated with fund-of-fund routing shifts rather than directional views on bitcoin itself. That bid appears to have carried into Friday's price action, though the flow data behind today's close will not confirm until Monday.
Stablecoin Pulse
USDC supply ticked up a marginal $9.2M on the day to $73.3B, while USDT contracted by -$381.4M ↓ to $184.0B, according to InflowScan data. The net stablecoin picture points to modest redemption pressure on Tether alongside a flat USDC print — consistent with holiday-week sideline positioning rather than fresh dry powder being staged.
Outlook
Monday's Pre-Market brief will carry the settled flow figures for both Thursday and Friday sessions, offering the first clean read on whether the price rally attracted primary-market participation or ran on secondary flows. Levels to watch on BTC are the $65,000 round-number resistance to the upside and the $60,500 shelf below; ether faces resistance at $1,800 and support at the $1,700 handle it reclaimed Friday. With no scheduled U.S. macro data over the long weekend, positioning-driven moves in thin books remain the primary risk on the Sunday-evening reopen.