Bitcoin is holding steady near $62,748 after a sluggish end to June, with spot Bitcoin ETFs recording a second consecutive day of net inflows totaling $265 million. The renewed institutional demand, led by BlackRock’s IBIT, is providing cautious optimism among traders, while Ripple’s full MiCA compliance across the European Economic Area boosts XRP sentiment.
Bitcoin Price Today
Bitcoin trades at $62,748.67, up 0.09% over the past 24 hours and 5.96% over the past week, according to CoinMarketCap. The asset remains below the $64,000 resistance zone, with analysts identifying $64,700 as the key level to watch for a bullish breakout. Support has strengthened near $61,600.
ETF Inflows Signal Returning Institutional Demand
US spot Bitcoin ETFs logged $265 million in net inflows for the second straight day, reversing a challenging outflow stretch that dominated June. BlackRock’s IBIT accounted for over $200 million of the inflows, marking an early sign of institutional interest re-entering the market.
Ripple Secures Full MiCA Compliance
Ripple can now offer regulated crypto payment services across all 30 nations of the European Economic Area under a single passportable license. This achievement strengthens Ripple’s position in Europe’s payments landscape and adds to its portfolio of more than 75 global approvals. XRP responded with a 2.48% gain, leading the top 10 cryptocurrencies today.
Top Cryptocurrency Movers
Biggest Gainers: XRP (+2.48%), Dogecoin (+2.35%), Solana (+2.29%).
Biggest Losers: USDC (flat), USDT (+0.01%), TRON (+0.12%).
Market Outlook
Bitcoin’s near-term direction hinges on a close above $64,000 to target $65,600 and $67,000. A drop below $61,600 could expose the $59,000 support. Ethereum trades near $1,755, with $1,800 as the next resistance. The upcoming Federal Reserve decision remains a major catalyst, while Ripple’s European expansion supports a longer-term adoption narrative for XRP.
FAQs
1. What is the Bitcoin price today?
Bitcoin trades at $62,748.67, up 0.09% in 24 hours. Weekly gains stand at 5.96%.
2. Why did spot Bitcoin ETFs see inflows again?
ETFs recorded a second straight inflow day worth $265 million, led by BlackRock’s IBIT, signaling a potential return of institutional demand after June outflows.
3. What is the biggest crypto news today?
Ripple achieving full MiCA compliance across the EEA is the top story, strengthening its regulated payment infrastructure in Europe.
4. Which coins are outperforming today?
XRP leads with a 2.48% gain, followed by Dogecoin at 2.35% and Solana at 2.29%.
5. What does Ripple’s MiCA compliance mean for XRP?
The license allows Ripple to offer regulated payment services across 30 European nations under one framework, boosting institutional credibility and long-term adoption potential.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are risky assets. Always do your own research before investing.
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