Why is Crypto Going Up Today (July 3)?
Jakarta, Pintu News – Today in the crypto world, the overall crypto market capitalization saw an increase of $104 billion, with the price of Bitcoin surging to the $108,000 level on July 3, 2025.
Additionally, Bloomberg reports that US President Donald Trump’s wealth increased by $620 million, largely driven by his crypto-related endeavors. This surge comes from his involvement in projects like World Liberty Financial and his personal token, TRUMP.
Crypto Market Recovers
According to BeInCrypto, the overall crypto market capitalization saw a significant rise, increasing by $104 billion in the last 24 hours (3/7/25).
Read also: Bitcoin Surges to $108,000 Today — Will BTC Hit $120K This Month? Bitwise Thinks So!
With market capitalization now standing at $3.31 trillion, this level has become a strong support, reflecting high investor confidence and overall market stability. This upward movement indicates a bullish trend.
Looking ahead, the next major target for the crypto market capitalization is $3.43 trillion. After hitting a three-week high, this level looks achievable if the positive momentum continues.
Consistent bullish signals will be key to pushing the market towards the next resistance point and maintaining this upward direction.
However, an unexpected sell-off could disrupt the current bullish momentum. If market sentiment changes, TOTAL could lose support at $3.31 trillion and drop to $3.26 trillion or even lower.
A significant drop below this level would signal a bearish shift in the market and potentially trigger further losses.
Trump’s Crypto Ventures Add $620 Million to His Wealth
Citing a Cointelegraph report (3/7/25), US President Donald Trump, who has an estimated wealth of over $6 billion, has reportedly added at least $620 million to his portfolio in just a matter of months, thanks to his involvement in the cryptocurrency industry.
According to a report from Bloomberg on Wednesday (July 2), Trump’s crypto asset holdings now represent a “sizable share” of his total wealth for the first time, mainly due to huge gains from his family-backed crypto business, World Liberty Financial, and his personal memecoin, Official Trump (current price: $8.86).
While the bulk of his wealth still comes from stakes in his media company, Trump Media and Technology Group, as well as real estate properties, crypto ventures are said to account for about 9% of his wealth as of June.
Trump and his three sons reportedly earned $390 million from the $550 million token sale of World Liberty Financial, and collectively own more than $2 billion in the company’s governance token, WLF.
The business also reportedly made an additional $100 million from a $2 billion deal with Abu Dhabi-based investment firm MGX, which used their platform’ s stablecoin, USD1, to complete an investment in Binance crypto exchange.
Read also: Plume Network Teams Up with WLFI — Can USD1 Stablecoin Ignite the Next RWAfi Boom?
In terms of his memecoin, which was criticized by many US lawmakers after Trump announced a dinner for the top 220 token holders and a “VIP” tour, his investment is reportedly worth around $150 million.
However, millions of TRUMP tokens are scheduled to be released gradually over the next three years, and it remains unclear whether Trump will be eligible for additional tokens in the future.
Bitcoin Breaks Price Limit
Bitcoin managed to bounce back after almost falling to $105,000 on Wednesday (July 2), and is currently trading at $108,653 on July 3, 2025. The altcoin is now looking to secure the $108,000 level as support.
Holding above this level is crucial for Bitcoin’s next move and will determine the direction it moves in the next few days.
To continue its rise, Bitcoin needs to break the $109,476 barrier. If it is able to cross that level, BTC could be pushed towards $110,000 or even higher.
Continued bullish momentum will determine whether Bitcoin can break this resistance and maintain its upward trajectory.
However, if selling pressure from investors increases, Bitcoin risks losing support at $108,000. If that happens, BTC is likely to test the support at $105,585 again, which would signal a reversal to the bearish trend.
A significant drop below this level would further weigh on Bitcoin’s price outlook.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- BeInCrypto. Why is the Crypto Market Up Today? Accessed on July 3, 2025
- Cointelegraph. Here’s what happened in crypto today. Accessed on July 3, 2025
