July 2 news, according to 4E observation, as of 16:00 (UTC+8) on July 2, 2025, Bitcoin (BTC) is now trading at US$107,571, up about 0.6% in 48 hours, with the range high at US$108,280, and the low hit US$105,344, showing a moderate rebound overall. The current market is dominated by shocks and upward movements, with trading volume slightly enlarged. Ethereum (ETH) rose simultaneously to $2,480, while Solana (SOL) and Cardano (ADA) both rose by around 1.5%. The total market value of the crypto market rebounded to approximately US$3.32 trillion, reflecting the restoration of financial confidence. On-chain data shows that the BTC balance on the exchange continues to decline, and long-term investors are still steadily building positions. At the macro level, U.S. Treasury yields fell slightly, the U.S. dollar index weakened, and market expectations for the Federal Reserve to cut interest rates in September warmed up again. Geographically, the situation in the Middle East has not yet escalated, risk aversion has been significantly weakened, and risk assets as a whole are supported. In terms of policy trends, the U.S. SEC has promoted the simplification of the crypto ETF filing process, and the GENIUS Act has accelerated the legislative process, bringing structural benefits to the market. Platforms such as Coinbase have benefited significantly, with USDC gaining policy trust, while Tether facing higher compliance pressure. On the whole, Bitcoin remains upward within key technical ranges, and both macro and policy benefits may continue to support the market rebound in the short term. 4E reminds investors: The current market is stable and turbulent, and we should still pay attention to the progress of policy implementation and capital flow, reasonably control positions, and avoid the risk of correction.