BONK and FARTCOIN Jump 20%+ as Bitcoin Soars Past $110,000.

Bitcoin Crosses $110K as Crypto Markets Surge, Eyes on U.S. Jobs Report

Bitcoin pushed above the $110,000 mark on Wednesday, reaching levels unseen since June 11, fueled by strong inflows into U.S.-listed spot bitcoin ETFs and anticipation over forthcoming U.S. employment data.

Spot bitcoin ETFs brought in $407.78 million in fresh capital during the session, raising their total cumulative inflows to $49.04 billion, according to figures from SoSoValue.

Bitcoin’s rally helped lift the entire crypto market. XRP was trading at $2.2187, ether stood at $2,498.57, Solana reached $146.08, and Cardano traded at $0.5736. Memecoins BONK and FARTCOIN were among the day’s biggest winners, each surging more than 20% in the past 24 hours. Meanwhile, the CoinDesk Memecoin Index jumped 12.6%, and the CoinDesk 20 Index, tracking leading digital assets, climbed 4.3%.

Investors are closely awaiting Thursday’s release of the U.S. nonfarm payrolls report, which could steer market sentiment.

“Bitcoin could retest or even exceed the previous high around $112,000 from late May if the global appetite for risk stays strong,” said Alex Kuptsikevich, chief market analyst at FxPro, in a note. “However, the upcoming U.S. jobs data could either support the rally or become a potential obstacle.”