Bitcoin has exceeded the $110,000 mark for the first time since June 11, spurred by over $407.78 million in inflows into U.S.-listed spot ETFs, boosting the total to $49.04 billion. This rally has also driven major cryptocurrencies like XRP, ETH, SOL, and ADA upward. Notably, the memecoins BONK and FARTCOIN surged by over 20%, reflecting increased risk-taking among investors. The CoinDesk Memecoin Index climbed 12.6%, and the CoinDesk 20 Index of major tokens rose by 4.3%. Traders are cautious as they await the U.S. nonfarm payrolls report, which could influence Bitcoin's price momentum, possibly revisiting the historical high of $112,000 set in May. Alex Kuptsikevich, chief market analyst at FxPro, emphasized that the upcoming employment report could either bolster or hinder the current bullish trend, making its release vital for market sentiment.

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