Bitcoin traded near $64,236.97 on Tuesday, up 0.48% over the past 24 hours, as fresh institutional inflows offset ongoing security concerns and political uncertainty. The leading cryptocurrency steadied above $64,200 after a choppy start to August, supported by $170.1 million in net inflows into US spot Bitcoin ETFs on Monday.
Bitcoin Price Today
Bitcoin trades at $64,236.97, with a market cap of approximately $1.28 trillion and 24-hour trading volume of $23.11 billion. Key support lies near $62,800, while resistance is seen between $64,500 and $65,600, according to analysts.
Analyst Perspectives
Mudrex: $65,000 Key for Sentiment Shift
Akshat Siddhant, Lead Quant Analyst at Mudrex, noted that Bitcoin trades above $64,000 as easing geopolitical tensions lift risk assets. He highlighted that Bitcoin futures open interest slipped to 740,000 BTC from a July peak of 776,000 BTC, a pattern that preceded April’s large short-side liquidation wave. “For now, $65,000 remains major resistance while support holds near $62,800,” he said.
CoinSwitch: Equities Rally Supports BTC
CoinSwitch Markets Desk observed that BTC held near $64,000 even as risk assets rallied on US-Iran de-escalation hopes. “Holding above $64,000 keeps the short-term structure positive for a push toward $64,400. A slip below $64,000 opens the next support zone near $63,600,” the desk stated.
Delta Exchange: Break Above $64,500 Needed
Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin reclaimed $64,000 after defending $62,200-$62,400 demand. “Bitcoin needs a sustained break above $64,500 to target $65,000-$65,600. Ethereum must reclaim $1,880 to confirm a broader breakout structure,” she added.
Giottus: Weak Spot Demand Caps Recovery
Vikram Subburaj, CEO of Giottus, placed Bitcoin near $64,260, up about 0.7% on the day. He advised investors to favor staggered buying ahead of Friday’s jobs report, noting that Bitcoin holds support near $63,000-$63,400, with resistance between $64,500 and $66,000.
WazirX: Institutional Absorption Continues
Nischal Shetty, founder of WazirX, said Bitcoin trades near $64,176 as easing tensions lift appetite. On-chain data shows 155,000 BTC accumulated between $62,000 and $65,000. Wintermute’s H1 2026 report shows institutions now drive 72% of spot volume. “A move above $64,800-$65,000 could trigger fresh long positions. Losing $63,900-$64,000 may raise the odds of a pullback toward $63,200,” he noted.
Top 10 Coins at a Glance
- Biggest Gainers: Hyperliquid (HYPE) led with a gain past 3%, followed by BNB (+1.27%) and XRP (+1%).
- Biggest Losers: Stablecoins (USDT, USDC) and Solana (SOL) remained flat with minimal movement.
Key Headlines Impacting Prices
Bitcoin ETFs Return to Inflows With $170.1 Million
US spot Bitcoin ETFs recorded $170.1 million in net inflows on Monday, ending a brief redemption streak. BlackRock’s IBIT led with $111.4 million, followed by Fidelity’s FBTC at $33.4 million. Ether ETFs slipped into modest net outflows of $11.9 million.
Coldcard Firmware Flaw Fallout Continues
A firmware bug in Coldcard hardware wallets has been linked to over $100 million in stolen Bitcoin this month. Emergency fixes have been rolled out, but security researchers warn that updating firmware alone is insufficient. Affected holders must generate fresh recovery phrases and migrate balances immediately.
CLARITY Act Stuck Without Senate Floor Vote
The Digital Asset Market Clarity Act remains absent from the Senate’s floor schedule. Senate Majority Leader John Thune indicated a vote could occur before recess, but Republicans need roughly seven Democratic votes to clear the 60-vote threshold. An unresolved ethics dispute over presidential crypto holdings remains a sticking point.
Cardano Rallies on Heavy Whale Accumulation
Cardano’s ADA token surged more than 26% this week as whale wallets added over 240 million tokens. Combined whale holdings have climbed to roughly 14.5 billion ADA, according to Santiment. Analysts say holding above $0.17 support keeps the bullish structure intact, with next resistance near $0.20 and then $0.24-$0.25.
Ether ETFs Slip Into Mild Outflows
US spot Ether ETFs recorded an $11.9 million net outflow on Monday, ending a two-day inflow streak. BlackRock’s ETHA and Grayscale’s ETHE led the modest redemptions. Analysts view the pullback as routine rotation rather than a shift in institutional demand.
ISM Manufacturing Data Signals Resilient Economy
The US ISM Manufacturing PMI climbed in July, pointing to resilient economic activity. Stronger readings reduce near-term expectations of Fed rate cuts. Traders now await Wednesday’s ADP payrolls and services PMI data, with Friday’s jobs report as the week’s most closely watched macro catalyst.
Investor and Market Outlook
Bitcoin holds above $64,200 as fresh ETF inflows offset lingering custody worries and legislative delays. A close above $64,500 could open a path toward resistance near $65,600. A slip below $63,900 risks exposing deeper support closer to $62,800. Cardano and Hyperliquid remain the most sensitive names to shifts in institutional risk appetite. Key catalysts this week include ETF flow trends, Fed rate signals, Friday’s jobs report, and the CLARITY Act’s Senate outcome.
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