Tag: Bitcoin

  • Bitcoin Holds Above $63K as Bulls Eye $64,400 Breakout: Price Analysis

    Bitcoin Holds Above $63K as Bulls Eye $64,400 Breakout: Price Analysis

    Bitcoin trades near $63,840 with bullish momentum intact. Strong support above $63,000, healthy technical indicators, improving ETF inflows, and resistance at $64,100 keep traders focused on the next breakout.

    Overview

    Bitcoin holds above all major moving averages, keeping the bullish trend intact. A breakout above $64,100 could open the path toward $64,400 and $64,800. Strong ETF inflows and solid support near $63,000 continue to support market confidence.

    Bitcoin trades near $63,840 after a strong recovery from recent lows. The market shows a positive trend even after some profit booking during the day. Buyers continue to defend important support levels, while the price stays close to the major resistance near $64,000. The latest move shows that confidence remains strong and the overall market structure still favors higher prices.

    One-Hour Chart Shows Positive Trend

    The hourly chart indicates a solid situation for Bitcoin. The price remains over 20, 50, 100, and 200 periods of Simple Moving Averages (SMAs). Such indications often reflect relative strength in the market since short-term price remains above long-term trend lines.

    The 20-period SMA has crossed above other larger moving averages, making the current trend stronger. Bitcoin is just slightly below its recent high of around $64,100. The market has not experienced any drastic drop, but rather seems to have entered some corrective phase. This behavior suggests that the buyers do not look for exit points at the moment and remain committed to their positions.

    The key support area is currently seen between $63,250 and $63,000. The short-term outlook will remain positive as long as the price is above this range.

    Short-Term Momentum Cools After Rally

    The 15-minute chart tells a similar story. Bitcoin enjoyed a strong rally before a small pullback appeared. The Relative Strength Index (RSI) now stands near 54, after earlier reaching above 70, which marked an overbought condition.

    This fall in RSI does not point to weakness. Instead, it shows that the market has released some of the strong buying pressure that built during the rally. Such a move often helps the market build a stronger base before another attempt to move higher.

    If Bitcoin climbs above $64,000 once again, buyers may push the price toward $64,400 and later $64,800.

    Bollinger Bands Show Limited Selling Pressure

    The 1-minute Bollinger Bands also provide useful signals. Bitcoin has moved below the middle band after short-term profit booking. At the same time, the lower Bollinger Band has started to flatten, while market volatility has become smaller.

    This combination suggests that sellers have not gained full control. The recent decline looks more like a normal pause after a sharp rise instead of the start of a bigger correction. Unless selling volume rises sharply, the current price action continues to support the bullish trend.

    Key Price Levels to Watch

    The biggest resistance remains between $64,000 and $64,100. Sellers have protected this area several times during recent sessions. A clear break above this range could strengthen bullish momentum and open the door for another move toward $64,400 and $64,800.

    On the downside, the first support appears near $63,250. A stronger support zone sits between $62,950 and $63,000, where several moving averages meet. If Bitcoin drops below this area, the price could test $62,600. Even then, the bigger trend would remain positive unless the price falls below the 200-period SMA.

    Institutional Demand Supports Market Confidence

    Market sentiment has improved after fresh institutional demand returned. Recent reports show that US spot Bitcoin ETFs have recorded net inflows again after a long period of outflows.

    This return of institutional money has helped improve confidence across the cryptocurrency market. Large investors often provide stability during periods of uncertainty. The latest inflows suggest that professional investors continue to see value in Bitcoin despite recent market swings.

    Global Events Continue to Influence Bitcoin

    Global economic conditions still play an important role in Bitcoin’s direction. Investors continue to watch expectations for future Federal Reserve interest rate decisions, inflation data, and geopolitical developments.

    Even with these uncertainties, Bitcoin has managed to build higher lows during its recent recovery. This steady performance reflects improving market confidence. Traders now wait to see whether stronger institutional demand can support another breakout in the coming days.

    Volume Remains Healthy

    Trading volume has stayed healthy during the latest upward move. Strong participation during rallies often confirms that buyers remain active. Recent consolidation has come with lower trading volume, which suggests that many traders prefer to wait for the next major price move before opening fresh positions.

    A clear increase in buying volume during a move above $64,100 would provide stronger confirmation that another rally has started.

    Outlook

    Despite minor fluctuations in price, Bitcoin keeps its strong technical structure. Factors such as location above all significant moving averages, the positive RSI trend, and established support levels suggest that buyers dominate the market.

    Provided that the price remains above $63,000, the medium-term outlook is positive. The breakout above $64,100 may result in another upward swing toward $64,400 and $64,800. However, if the coin fails to secure these levels, a temporary dip toward $62,600 could follow before new buyers come in.

    The next few trading days will determine if Bitcoin has the strength to breach recent maximums and continue its bullish move.

    FAQs

    What is Bitcoin’s current price?

    Bitcoin is currently trading around $63,840, holding above important short-term support levels. The cryptocurrency has remained relatively stable despite minor market fluctuations, with traders closely monitoring price action for a potential breakout above the next resistance zone in the coming sessions.

    What is the key resistance level?

    Bitcoin’s immediate resistance is located between $64,000 and $64,100. A decisive move above this zone could strengthen bullish momentum and encourage additional buying interest, potentially opening the path toward higher price targets if trading volume continues to increase significantly.

    Where is the strongest support?

    The strongest support for Bitcoin currently sits between $62,950 and $63,000. This price range has attracted buyers during recent pullbacks, making it an important level to watch. Holding above this support could help preserve the broader bullish market structure.

    What does the RSI indicate?

    Bitcoin’s Relative Strength Index (RSI) is hovering around 54, suggesting momentum has eased after the recent rally. While buying pressure has cooled, the indicator remains in neutral territory, implying the broader uptrend is still intact without signaling overbought market conditions.

    Why are ETF inflows important for Bitcoin?

    Positive Bitcoin ETF inflows indicate growing institutional investor participation and confidence in the cryptocurrency market. Sustained inflows typically increase demand, improve overall market sentiment, and can provide stronger price support by attracting long-term capital into Bitcoin-related investment products.

  • Bitcoin Derivatives Activity Outpaces Spot Demand as Market Risks Persist

    Bitcoin Derivatives Activity Outpaces Spot Demand as Market Risks Persist

    Bitcoin continues to display a widening gap between derivatives activity and spot demand as macro uncertainty shapes investor behavior. Recent geopolitical tension involving the United States and Iran pushed markets into a risk-off phase, while spot Bitcoin exchange-traded funds recorded more than $85 million in net outflows after three consecutive days of inflows.

    At the same time, Bitcoin’s Coinbase Premium Index turned negative, signaling softer U.S. spot demand. Although the Crypto Fear & Greed Index remained above extreme fear levels, historical bear-market data suggest the current cycle may still have room to continue.

    Spot Demand Weakens as Derivatives Drive Market Activity

    Bitcoin’s latest market structure shows derivatives activity recovering faster than demand in the spot market. Data indicate that Bitcoin’s 30-day cumulative demand improved from nearly -500,000 BTC to around -75,000 BTC. Even so, futures markets accounted for nearly the entire recovery. Futures demand climbed from about negative 295,000 BTC to slightly above zero, while spot demand remained near negative 78,000 BTC.

    Meanwhile, Tether minted another $1 billion worth of USDT despite the broader stablecoin market continuing to contract. Instead of flowing directly into Bitcoin purchases, much of that liquidity appears to remain on the sidelines as investors hold capital in reserve. Consequently, the additional liquidity could increase derivatives activity rather than strengthen spot buying. That trend leaves speculative positioning ahead of genuine market demand.

    Macro Conditions Continue to Shape Bitcoin Sentiment

    Market conditions shifted after renewed geopolitical uncertainty affected investor sentiment. As a result, institutions reduced exposure, leading spot Bitcoin ETFs to post net outflows exceeding $85 million. Likewise, Bitcoin’s Coinbase Premium Index moved below zero, indicating weaker buying interest from U.S. investors. The change points to greater caution among institutional participants as broader market risks increased.

    Although the Crypto Fear & Greed Index stayed above extreme fear territory, historical comparisons present a different picture. Bitcoin’s current bear market has lasted 248 days, while the 2022 and 2018 bear markets extended for 381 and 385 days, respectively. Therefore, previous market cycles suggest the current downturn remains shorter than earlier bear markets despite recent improvements in derivatives demand.

    Bitcoin Miners Expand into AI as Costs Increase

    Bitcoin mining companies have also adjusted their strategies following pressure on profitability since the April 2024 halving. Many firms redirected energy infrastructure toward artificial intelligence operations to improve revenue. According to a July 9, 2026, report from Blocksbridge Consulting, executives and board members at several mining companies sold large amounts of company stock during this transition.

    By the end of 2025, the Bitcoin network’s hash rate had reached a record 1,160 EH/s, increasing competition across the industry. CoinShares reported that publicly listed mining companies faced an average production cost of about $80,000 per Bitcoin during the fourth quarter of 2025. As costs increased, between 15% and 20% of older ASIC mining machines reportedly operated at a loss. In response, several companies converted energy resources to power AI-focused supercomputers.

    One major example involved TeraWulf, which signed a 20-year lease agreement with Anthropic valued at nearly $19 billion. Besides expanding into AI, some mining companies also sold Bitcoin holdings to finance new investments. Marathon Digital Holdings sold more than 15,000 BTC from its institutional treasury, with its latest reported Bitcoin sale occurring in April 2026. The reported transactions reflect the capital demands associated with expanding AI infrastructure while mining economics remain under pressure.

    What’s Next?

    Bitcoin’s recovery remains driven mainly by derivatives activity while spot demand stays weak. ETF outflows, a negative Coinbase Premium Index, and ongoing macro uncertainty suggest the broader Bitcoin bear market may still be active. Investors may need to monitor leverage, institutional demand, and miner liquidity closely before expecting a sustained recovery.

  • Bitcoin ETFs See $95M Outflows, Bitmine Adds 20,500 ETH, TRON Hits 392M Accounts — Crypto Roundup

    Bitcoin ETFs See $95M Outflows, Bitmine Adds 20,500 ETH, TRON Hits 392M Accounts — Crypto Roundup

    Market Overview

    Major developments unfolded in the crypto space as Bitcoin spot ETFs recorded $95.30 million in net outflows, Bitmine expanded its Ethereum treasury with a major acquisition, and TRON surpassed 392 million wallet addresses. Additionally, Zcash confirmed its Ironwood upgrade for late July, while New Hampshire rejected a Bitcoin-backed bond proposal.

    Bitcoin Spot ETFs See $95 Million in Net Outflows

    According to SoSoValue, Bitcoin spot ETFs experienced a total net outflow of $95.30 million on the reporting day. Fidelity’s FBTC led outflows with a daily net draw of $63.25 million, bringing its total historical net inflow to $10.15 billion. On the inflow side, VanEck’s HODL ETF recorded the highest daily net inflow at $5.36 million (cumulative $1.13 billion), followed by Morgan Stanley’s MSBT with $2.17 million ($377.14 million total). The combined net asset value of all Bitcoin spot ETFs now stands at $76.51 billion, with an ETF net asset ratio of 6.03% and historical cumulative net inflows of $51.19 billion.

    Bitmine Acquires 20,500 ETH for $36 Million

    Bitmine Immersion Technologies purchased 20,500 ETH for approximately $35.92 million via an over-the-counter transaction with Galaxy Digital, executed around July 10, 2026. The purchase price was roughly $1,752 per ETH. This acquisition pushes Bitmine’s total Ethereum treasury to about 5.7 million tokens — worth nearly $10 billion — representing an estimated 4.7%–4.8% of the entire circulating ETH supply of ~120.7 million tokens. The move signals a quiet accumulation strategy by the company.

    TRON Surpasses 392 Million Accounts

    TRON’s blockchain explorer confirmed the network has surpassed 392 million wallet addresses since inception. According to DeFiLlama, TRON remains the dominant platform for Tether (USDT) transfers due to fast settlement times and extremely low fees — processing up to 2,000 transactions per second at roughly 0.0003 TRX per transaction. Lookonchain reported that TRON’s Total Value Locked (TVL) has risen by approximately $1.95 billion since July 1, a gain of 7.8%.

    New Hampshire Rejects Bitcoin-Backed Bond Proposal

    The New Hampshire Executive Council voted down a regulatory proposal to authorize $100 million in Bitcoin-backed bonds. The initiative, pushed by the state’s Business Finance Authority (BFA) and Governor Kelly Ayotte, had passed risk assessments from Moody’s. Opposition was led by Democrat Karen Liot Hill, joined by councilors Janet Stevens and David Wheeler; officials Joseph Kenney and John Stephen voted in favor. The rejection halts the state’s attempt to introduce this financial instrument.

    Zcash Confirms Ironwood Activation on July 28

    Zcash core developer Sean Bowe announced that the Ironwood upgrade will activate at block height 3,428,143, expected around 8 am EST on July 28 — a one-week delay from the original July 21 target. The postponement came after Shielded Labs raised concerns that exchanges, mining pools, and wallet providers might need more time to prepare, particularly as many are transitioning from the legacy zcashd software to the Z3 stack (Zebra, Zaino, Zallet). Ironwood addresses an ‘infinity’ bug discovered in Zcash’s Orchard shielded pool, the network’s primary privacy-focused transaction system.

    FAQs

    • How much outflow did Bitcoin spot ETFs record? Bitcoin spot ETFs recorded total net outflows of $95.30 million. Fidelity’s FBTC saw the largest outflow at $63.25 million, while VanEck’s HODL led inflows with $5.36 million.
    • How much Ethereum did Bitmine buy? Bitmine Immersion Technologies acquired 20,500 ETH for around $35.92 million through an OTC transaction with Galaxy Digital at approximately $1,752 per ETH.
    • Why is TRON’s 392 million account milestone important? TRON crossing 392 million accounts highlights its growing user base and network activity, especially for fast, low-cost Tether transfers.
    • What happened to New Hampshire’s Bitcoin bond proposal? The New Hampshire Executive Council rejected a proposal to authorize $100 million in Bitcoin-backed bonds, halting the initiative.
    • When will Zcash activate Ironwood? Zcash plans to activate Ironwood at block height 3,428,143 on July 28, delayed one week to allow more preparation time for ecosystem participants.
  • Dogecoin Price Fails to Rally Despite Trump’s Pro-Crypto Comments

    Dogecoin Price Fails to Rally Despite Trump’s Pro-Crypto Comments

    Dogecoin did not record a strong price jump after recent pro-crypto remarks from United States President Donald Trump. Market data showed a different picture. The popular meme coin traded at about $0.072 and stayed slightly lower during the latest 24-hour period. The daily loss remained between 0.3% and 1.5%, based on the exchange and price tracker. Trading activity remained high, which showed that many traders continued to buy and sell the coin even though the price stayed under pressure.

    Many people expected positive comments from Trump to push the crypto market much higher. That expectation came from past events, where political support often lifted market confidence. This time, however, Dogecoin did not enjoy a major rally. The price stayed close to an important support level, while investors looked at several other events that affected the wider financial market.

    Trump Repeats Strong Support for Cryptocurrency

    Donald Trump recently spoke in favor of cryptocurrency and once again described himself as ‘a big crypto guy.’ He also repeated criticism of earlier policies that many people in the crypto industry believed created strict rules for digital assets. Those remarks helped improve confidence across parts of the crypto market. Bitcoin managed to recover from earlier losses after the comments. The reaction showed that investors still paid close attention to statements from political leaders. Even so, the positive mood did not last long enough to lift every digital asset. Dogecoin failed to follow Bitcoin with a meaningful gain.

    Wider Market Pressure Limits Dogecoin

    The overall crypto market faced fresh pressure since investors became more careful. Rising geopolitical tensions created uncertainty across global financial markets. During such periods, many traders prefer safer investments instead of assets that carry higher risk. Dogecoin belongs to the group of meme coins, which usually record larger price swings than major cryptocurrencies. Given this, the token often feels stronger selling pressure whenever market confidence becomes weak. This cautious mood reduced the impact of Trump’s supportive remarks. Even though the comments created positive headlines, investors paid closer attention to broader market risks. As a result, Dogecoin remained under pressure instead of recording a major breakout.

    Technical Picture Stays Weak

    Market analysts also pointed to technical signals that showed limited strength for Dogecoin. The coin continued to trade near an important support area around $0.07. This level has attracted attention as many traders believe it could decide the next major move. Momentum indicators also remained weak. Such signals suggested that buyers did not hold enough strength to push the price much higher within the latest trading sessions. High trading volume showed active participation, but it did not lead to a strong upward move. Many traders continued to watch the support level closely. A strong hold above this area could improve confidence, while a move below it could invite additional selling pressure.

    Bitcoin Shows Better Response

    Bitcoin reacted more positively than Dogecoin after Trump’s latest remarks. The largest cryptocurrency recovered from earlier weakness as investors welcomed his support for digital assets. Even with that recovery, the wider crypto market did not enter a powerful rally. Several digital coins remained under pressure as traders focused on global economic and geopolitical developments rather than political statements alone.

    Political Support Alone Does Not Decide Prices

    Past market trends showed that Trump’s support for cryptocurrency often improved investor confidence. Earlier events connected to his campaign and public statements helped lift prices across the crypto sector. The latest market action told a different story. Political support remained an important factor, but it could not overcome broader market concerns. Investors looked at several issues at the same time before making trading decisions. Global events, economic conditions, technical signals, and overall market confidence continued to shape price movement across digital assets. These factors reduced the impact of positive political remarks.

    Why This Matters

    This muted reaction demonstrates a critical maturation in the cryptocurrency market: hype and political rhetoric alone no longer guarantee immediate retail-driven speculative rallies. Instead, macroscopic headwinds, underlying asset utility, and technical support levels are increasingly overriding political news cycles, even for major meme coins like Dogecoin.

    Outlook for Dogecoin

    Dogecoin now stands at an important point. The price remains close to $0.07, which many analysts consider a key support level. Market participants will continue to watch whether the coin stays above this area or moves lower. Future price direction may depend on several market conditions. Better investor confidence, stronger demand across the crypto sector, and a calmer global environment could improve the outlook. On the other hand, fresh uncertainty could keep pressure on the token. For now, the latest data does not support claims of a major Dogecoin price jump after Trump’s recent pro-crypto remarks. Instead, the coin continues to trade near $0.072 with a small daily decline, even though trading activity remains strong. The market shows that positive political support can help sentiment, but it does not always lead to an immediate rise in price.

    FAQs

    1. Did Dogecoin’s price jump after Donald Trump’s pro-crypto remarks?

    No, Dogecoin did not experience a significant rally. It continued trading near the $0.072 mark, recording a minor daily decline despite the positive political headlines.

    2. What exactly did Donald Trump say regarding cryptocurrency?

    Donald Trump repeated his strong support for the digital asset industry, openly describing himself as ‘a big crypto guy’ while criticizing historically restrictive regulatory policies.

    3. Why didn’t Trump’s supportive comments trigger a major Dogecoin breakout?

    Broader macroeconomic factors, including heightened global geopolitical tensions, weak technical momentum indicators, and an overall risk-averse market sentiment, heavily suppressed the speculative upside.

    4. Did Bitcoin’s price react differently to the political statements?

    Yes, Bitcoin responded more favorably by recovering from its previous session losses. However, this positive momentum failed to spill over into altcoins or trigger a broader market-wide rally.

    5. What is the key technical price level to watch for Dogecoin?

    Market analysts are heavily focused on the critical $0.07 support zone, as holding above or breaking below this specific threshold will likely dictate Dogecoin’s next major trend.

  • Bitcoin and Solana ETFs Attract Fresh Capital, Ending Weeks of Withdrawals

    Bitcoin and Solana ETFs Attract Fresh Capital, Ending Weeks of Withdrawals

    After more than eight weeks of steady investor withdrawals, Bitcoin and Solana exchange-traded funds (ETFs) have recorded net inflows, signaling renewed institutional interest and lifting sentiment across the cryptocurrency market. Bitcoin ETFs saw $265.7 million pour in, breaking a long outflow streak, while Solana ETFs attracted $8.36 million, led by Bitwise’s BSOL fund.

    Bitcoin ETFs End a Long Outflow Streak

    U.S. spot Bitcoin ETFs recorded approximately $265.7 million in net inflows during the latest trading session — the strongest single day of fresh investment since early May. This marks a turning point after more than eight consecutive weeks of net outflows, during which investors withdrew over $8.2 billion from Bitcoin ETF products. The prolonged selling had pressured Bitcoin prices and weakened overall market confidence.

    Solana ETFs Also Return to Positive Territory

    Spot Solana ETFs reported net inflows of $8.36 million, reversing a period of weakness. The majority of this new capital flowed into Bitwise’s BSOL ETF, which recorded its best single day in nearly two months. While the volume is smaller than Bitcoin’s, it demonstrates improving investor comfort with Solana after a stretch of uncertainty.

    A Difficult Period for Crypto Investment Products

    The recovery follows one of the weakest stretches for cryptocurrency investment products since spot ETFs launched. Bitcoin ETFs alone lost $8.2 billion during the outflow period. Solana ETFs recorded their first monthly net outflow. Investment products tied to Bitcoin, Ethereum, Solana, and XRP collectively saw nearly $5 billion exit the market in the previous month, highlighting institutional caution.

    Crypto Prices React to Fresh Investments

    Bitcoin climbed from below $60,000 to around $63,000, briefly topping $64,000. Solana rose from approximately $60 to above $80, touching an intraday high of $83.50. These price gains often follow stronger ETF demand as fresh capital enters the market.

    Why ETF Flows Matter

    ETF flows are a critical market indicator. Large investment firms and institutional investors use ETFs for easy exposure to digital assets. Strong inflows signal confidence; prolonged outflows suggest caution. The return of positive inflows may indicate that professionals see current prices as attractive after the decline.

    Experts Remain Cautious

    Market experts warn that one day of inflows does not confirm a sustained rebound. A lasting recovery will require consistent inflows over weeks. If fresh money continues to enter Bitcoin and Solana ETFs, sentiment could strengthen further, but another wave of withdrawals would quickly change the outlook.

    Outlook Remains Positive but Uncertain

    The latest ETF data has brought fresh optimism. Bitcoin ETFs ended their long outflow streak with $265.7 million in net inflows, while Solana ETFs added $8.36 million, led by Bitwise’s BSOL ETF. These numbers suggest institutional investors are returning after heavy selling, but one positive session does not guarantee a recovery. Future ETF data will be closely watched.

  • Bitcoin Exchange Supply Drops to Multi-Year Lows as ETFs and Institutional Custody Shift Market Dynamics

    Bitcoin Exchange Supply Drops to Multi-Year Lows as ETFs and Institutional Custody Shift Market Dynamics

    Bitcoin exchange balances have fallen to levels not seen in years, but analysts warn that the traditional bullish interpretation of this trend no longer holds the same weight. According to blockchain analytics firm Santiment, the amount of Bitcoin held on exchanges has dropped to just 6.6% of its circulating supply, while Ether stands at 4.3%—the lowest since 2017 and 2015, respectively.

    Industry executives point to the rise of institutional custody, spot exchange-traded funds (ETFs), and decentralized finance (DeFi) as key factors reshaping how digital assets move. In the past, declining exchange reserves signaled that investors were moving coins into self-custody, reducing immediate selling pressure and often preceding price rallies. Today, the picture is more complex.

    Mark Zalan, CEO of GoMining, noted that prolonged declines in exchange supply have historically appeared before multi-quarter bull markets, but he cautioned that accurate timing remains uncertain. Meanwhile, Eneko Knorr, CEO of Stabolut, explained that many assets now flow into staking platforms, DeFi protocols, and institutional custody rather than remaining on exchanges. Bitcoin withdrawn from exchanges often becomes wrapped assets like WBTC, used as collateral or lent across decentralized markets.

    Spot Bitcoin ETFs further complicate the narrative. When demand rises, ETF issuers purchase Bitcoin and place it with custodians such as Coinbase Custody, Fidelity Digital Assets, and BitGo. Investors then trade ETF shares on regulated exchanges while the underlying Bitcoin stays off exchange wallets. Currently, U.S. spot Bitcoin ETFs hold over $73 billion in net assets (more than 641,400 BTC), and Ether ETFs manage roughly $13.7 billion (about 7.7 million ETH).

    Ben Nadareski, CEO of Solstice, described lower exchange balances as the end of the exchange-custody era rather than a simple bullish indicator. Assets are now moving toward regulated custodians or productive on-chain positions. Historical data also shows that low exchange reserves do not guarantee higher prices—during 2022, reserves stayed relatively low while Bitcoin prices still declined sharply.

    Despite these shifts, accumulation continues across multiple sectors. Public companies now hold about 1,264,579 BTC, private companies own 281,752 BTC, and government entities control 649,954 BTC. DeFi and related protocols hold 369,595 BTC, while ETFs and exchanges account for 1,622,533 BTC. Nearly seven million Bitcoins remain in dormant wallets, meaning about 56.5% of the circulating supply (roughly 11.2 million BTC) sits outside active trading.

    In summary, while Bitcoin’s exchange supply remains near historic lows, the indicator no longer provides a straightforward bullish signal. The market has matured, and investors must consider ETFs, institutional custody, and DeFi to understand true supply dynamics.

  • Bitcoin ETFs See $84M Outflows, XLM Volume Surges 303%, SHIB Drops 5%: Crypto News Roundup

    Bitcoin ETFs See $84M Outflows, XLM Volume Surges 303%, SHIB Drops 5%: Crypto News Roundup

    The cryptocurrency market experienced a series of significant developments, with Bitcoin spot ETFs recording substantial outflows, Stellar’s XLM seeing a massive volume surge, and Shiba Inu declining despite increased token burns. Meanwhile, Malaysia intensified its crackdown on illegal crypto mining, and JPMorgan’s tokenized Ethereum fund expanded sharply.

    Bitcoin ETFs See $84 Million in Outflows

    According to SoSoValue, Bitcoin spot ETFs recorded a total net outflow of $84.86 million yesterday. The Grayscale Bitcoin Mini Trust ETF (BTC) was the only fund to see net inflows, attracting $52.83 million, bringing its total historical net inflow to $2.49 billion. In contrast, Grayscale’s GBTC experienced the highest daily net outflow at $63.69 million, with its total historical net outflow now standing at $27.28 billion. The total net asset value of Bitcoin spot ETFs is $75.34 billion, with an ETF net asset ratio of 6.05% and a historical cumulative net inflow of $51.28 billion.

    Stellar (XLM) Volume Surges 303%

    XLM’s trading volume surged more than 303% in the last 24 hours to $873 million, according to CoinMarketCap. This spike is particularly notable as most major cryptocurrencies, including Bitcoin and Ethereum, saw volume declines of 20% and 15% respectively. The primary catalyst appears to be Stellar’s deployment of the Zipper (Protocol 27) upgrade on mainnet, which introduces authentication delegation for custom accounts and address-bound smart contract credentials. This marks the third major protocol upgrade for Stellar in 2026.

    Malaysia Seizes 75,000 Crypto Mining Rigs

    The Malaysian government has intensified its crackdown on illegal crypto mining, seizing more than 75,000 machines used for cryptocurrency mining. Deputy Home Minister Datuk Seri Dr. Shamsul Anuar disclosed that law enforcement agencies conducted 3,049 raids between 2022 and May 2026, resulting in the detention of 629 individuals linked to illegal mining infrastructure. The operations were coordinated between the Royal Malaysia Police and the state utility company Tenaga Nasional Berhad, targeting electricity theft associated with mining operations.

    JPMorgan’s Tokenized Ethereum Fund Grows 250%

    JPMorgan Asset Management has deployed approximately $800 million across two tokenized funds on the public Ethereum blockchain. The funds, MONY and JLTXX, operate on the bank’s Kinexys digital-asset platform. The newer fund, JLTXX, launched on May 13, 2026, with a $100 million seed investment and grew 250% in its first month, reaching about $695 million by early July 2026. This represents one of the largest tokenized fund deployments by a major US bank.

    Shiba Inu Drops 5% Despite Token Burn

    Shiba Inu fell more than 5% over the past week, indicating that reduced supply alone has not been sufficient to shift market sentiment. According to Shibburn data, the SHIB community burned over 152 million tokens in the past week, lifting the weekly burn rate by 55.77%. A significant portion came from a single-day burn of 110 million SHIB, the network’s largest in six months. Since launch, the community has burned more than 410 trillion SHIB, leaving approximately 585.6 trillion tokens in circulation.

    Key Takeaways

    • Bitcoin ETFs: Total net outflows of $84.86 million, with Grayscale’s GBTC leading outflows at $63.69 million.
    • Stellar (XLM): Volume surged 303% to $873 million following the Zipper Protocol 27 upgrade.
    • Malaysia crackdown: Over 75,000 mining rigs seized and 629 individuals detained in 3,049 raids.
    • JPMorgan tokenized funds: $800 million deployed across two Ethereum-based funds, with JLTXX growing 250% in its first month.
    • Shiba Inu: Fell 5% despite burning over 152 million SHIB in a week, highlighting weak market sentiment.
  • Bitcoin Holds Near $62.4K as Iran Ceasefire Collapse and Japan Bond Yields Rattle Markets

    Bitcoin Holds Near $62.4K as Iran Ceasefire Collapse and Japan Bond Yields Rattle Markets

    Bitcoin is trading near $62,391 as geopolitical tensions and rising global bond yields keep markets cautious, while $143 million in spot ETF inflows provide support above the critical $60,000 level. Japan’s 10-year government bond yield climbed to 2.88%, its highest since 1996, deepening a global rotation away from risk assets. Spot Bitcoin ETFs recorded $143 million in net inflows, a small but notable signal even as geopolitical tension dominates headlines. Ripple’s MiCA license, Paradigm’s $1.2 billion AI fund, and upcoming US jobless claims plus Japan’s bond auction are key catalysts likely to shape crypto market sentiment.

    Bitcoin Price Today

    Bitcoin trades near $62,391 today, up 0.63% on the day and up 2.64% over the past week. The token remains sensitive to every fresh headline out of the Middle East. Support holds near $60,000, with a firmer floor around $57,700. A daily close below $60,000 would open a path toward that lower zone. Resistance sits at $62,800 to $63,000, then $64,200, a level sellers have defended repeatedly this week.

    Giving the market overview, Akshat Siddhant, Lead Quant Analyst at Mudrex, stated, “Bitcoin is trading around the $62,000 level as renewed geopolitical tensions, following President Trump’s announcement ending the ceasefire, have pushed investors toward a risk-off stance. At the same time, Japan’s 10-year government bond yield has climbed to a 30-year high, prompting a broader rotation of capital across global markets.” He further said, “Despite these headwinds and persistent inflation concerns, spot Bitcoin ETFs recorded $143 million in net inflows, providing support to prices. The $60,000 level now remains a critical support zone. A break below it could see Bitcoin retest its monthly low near $57,700.”

    Giving a clear picture of the market situation, the CoinSwitch Markets Desk noted, “BTC slipped to around $61.5K after Trump declared the US-Iran ceasefire over. Both sides threatened to close the Strait of Hormuz oil route, pushing WTI crude above $75 and sending traders toward safer assets. The turmoil raised odds of a September Fed rate hike, adding pressure on risk assets like crypto. $61K remains a crucial level, with traders expecting a reversal once talks resume.”

    Meanwhile, Riya Sehgal, Research Analyst at Delta Exchange, said, “Bitcoin’s fall toward the $61,500 to $62,000 zone reflects pressure from US-Iran escalation, rising crude oil, higher bond yields, and Japan’s bond-market stress. The key concern is Bitcoin’s underperformance versus the Nasdaq, since equities attempted a recovery while BTC failed to reclaim $62,000 to $64,500, showing crypto-specific selling pressure.”

    Nischal Shetty, founder of WazirX, explained, “Bitcoin trades near $62,014, with the daily technical outlook remaining cautious as the market consolidates. Moving averages indicate near-term weakness, while balanced momentum signals suggest traders are awaiting the next major catalyst.”

    Crypto Prices Today: Top 10 Coins at a Glance

    Let’s take a look at the top crypto prices today, based on CoinMarketCap data as of July 9.

    Biggest Gainers: Solana, Ethereum, Hyperliquid

    Solana leads the top-ten gainers today, adding 0.98% as buyers rebuild positions after last week’s pullback. Ethereum follows at 0.95%, extending a strong 6.59% weekly gain. Hyperliquid rounds out the leaders at 0.97%, supported by steady derivatives interest.

    Biggest Laggards: Dogecoin, BNB, Stablecoins

    No top-ten token turned negative today, but gains were uneven. Dogecoin added just 0.07%, BNB rose 0.08%, and stablecoins Tether and USDC stayed flat, underscoring cautious, low-conviction trading across the board.

    Crypto News Today Driving Market Sentiment

    Trump Declares Iran Ceasefire Over, Oil and Yields Surge

    Speaking to NATO leaders, President Trump said the tentative ceasefire with Iran was over and called further talks a waste of time. The remarks followed fresh US airstrikes on Iranian targets near the Strait of Hormuz. Crude oil jumped sharply on the news, reviving inflation concerns across global markets. More than $400 million in leveraged crypto positions were liquidated within 24 hours, with altcoins absorbing most of the damage.

    Japan’s 10-Year Bond Yield Hits Highest Level Since 1996

    Japan’s benchmark 10-year government bond yield climbed to 2.88%, its highest level in nearly three decades. The move came after oil prices surged overnight, lifting US Treasury yields to multi-week highs. Persistent concerns over Japan’s fiscal spending plans and a weakening yen have kept the country’s bond market under sustained pressure.

    Ripple Secures Full MiCA License for RLUSD in Luxembourg

    Ripple has expanded its regulated footprint in Europe after securing a full MiCA license for its RLUSD stablecoin in Luxembourg. The approval gives RLUSD access to one of the region’s most closely watched frameworks. Analysts view the move as a concrete adoption anchor for XRP at a time when the token remains under macro pressure.

    Paradigm Launches $1.2 Billion Fund for AI and Frontier Technology

    Crypto venture firm Paradigm has launched a $1.2 billion investment fund targeting artificial intelligence and other frontier technologies. The fund signals growing overlap between crypto-native capital and the broader AI boom. Competition for capital between crypto and AI startups is intensifying as both sectors chase the same investor base.

    Investor and Market Outlook

    Bitcoin is holding near $62,391 in a market pulled between two forces. Renewed Middle East tension and surging Japanese bond yields are pushing capital toward safety. At the same time, spot Bitcoin ETF inflows suggest institutional buyers still see value at current levels. That tug of war is keeping price action range-bound rather than trending.

    The $60,000 zone remains the session’s most important line. A confirmed close below it would put the $57,700 monthly low back in focus. On the upside, $62,800 to $63,000 is the first resistance band, with $64,200 the next test for bulls.

    Ethereum’s weekly gain of 6.59% and Solana’s steady climb suggest altcoins are finding buyers despite the macro backdrop. That appetite could reverse quickly if oil keeps climbing or talks fail to resume. Traders should track US jobless claims data, Japan’s bond auction results, and any sign of de-escalation between Washington and Tehran this week.

    FAQs

    What is the Bitcoin price today? Bitcoin is trading near $62,391 today, up 0.63% over the past 24 hours and 2.64% higher on the week. Support holds near $60,000, with resistance building at $62,800 to $63,000, then $64,200 further up.

    Why did crypto markets react today? President Trump declared the Iran ceasefire over during remarks to NATO leaders, sending oil and global bond yields higher. That risk-off shift pressured crypto and equities alike, though Bitcoin has held above $60,000 support so far.

    What is the biggest crypto news today? Japan’s 10-year bond yield hitting a near three-decade high, Ripple’s MiCA license approval in Luxembourg, and Paradigm’s new $1.2 billion AI fund are the top stories moving crypto sentiment alongside the Iran ceasefire collapse.

    Which coins are performing best today? Solana leads gainers at 0.98%, followed by Ethereum at 0.95% and Hyperliquid at 0.97%. All top-ten coins traded flat to higher over the past 24 hours.

    What should crypto investors watch this week? Track US jobless claims data, Japan’s bond auction results, and any signal of de-escalation in the US-Iran standoff. The $60,000 Bitcoin support level remains the most critical price point for the days ahead.

    Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Cryptocurrencies are highly volatile and involve significant risk. Always do your own research before investing.

  • Bitcoin Bottom? 3 Bullish Signals Emerge After Record Monthly Drop

    Bitcoin Bottom? 3 Bullish Signals Emerge After Record Monthly Drop

    Bitcoin’s sharp June decline has raised a key question for traders: Was the fall below $60,000 a cycle-bottom signal or the start of deeper market stress? According to a July 7, 2026, report from 21Shares, Bitcoin saw its worst monthly decline in years, dropping 19% in June and forming a base close to $60,000 at the end of the month.

    Whale Buying Signals Accumulation

    A notable bullish indicator came from large holders. The number of investors in profit dropped below 50%, even as the whale accumulation increased when BTC was trading between $60,000 and $64,000, as per the report.

    “The last time these signals converged (during the March 2020 Covid crash and the Q4 2022 FTX collapse), the market was at or near a cycle bottom, both considerable entry points,” the report said.

    It isn’t necessarily a sign of Bitcoin reaching bottom, but an indicator that some long-term investors were buying when the weaker hands were selling out. That makes June’s decline look more like forced repositioning than a collapse in conviction.

    ETF Outflows and Basis Trade Unwind

    The overall risk-on/off sentiment affected markets, including Nasdaq, which lost $1.13 trillion in value in June, and the S&P 500, which lost $560 billion. The digital assets also lost approximately $380 billion in market cap.

    Bitcoin also faced added pressure as US Bitcoin spot ETFs saw over $2.5 billion in outflows in June. Much of this, however, was attributed to the basis trade, where traders would purchase spot ETFs while selling short Bitcoin futures, the report indicated.

    According to CME data, the leveraged position decreased from around 100,000 BTC to approximately 63,000 BTC, representing approximately $2.3 billion in unwound positions. This indicates the selling was partly mechanical rather than purely bearish.

    Key Levels and Macro Triggers

    The analysis warned against relying on price alone, stating, “Three things will tell you more than any single price move.”

    • The first is the inflation report from late July. If prices, particularly energy, are lower, it could support expectations of Federal Reserve easing later in 2026.
    • The second is whether Bitcoin will remain in the $59,000-$62,000 range, where its 200-week moving average aligns with past buying levels. Any week that closes below this range will raise downside risk.
    • The third is the midterm elections in November. The analysis found that Bitcoin has been negatively correlated with the likelihood of a Democratic sweep on Polymarket since mid-2025, with the correlation being -0.79.

    Why This Matters

    This technical correction reveals that June’s sharp drop was driven by structural arbitrage unwinding and broader macroeconomic risk-off trends rather than a loss of developer or investor conviction. Long-term whale accumulation during this decline signals that institutional players are aggressively treating forced liquidations as a strategic cycle-bottom entry window.

    Bull and Bear Case

    If the bull case prevails, easing of inflation and geopolitical de-escalation may be enough for Bitcoin to advance to the $66,000 mark and move towards $70,000-$75,000.

    If inflation remains sticky and renewed geopolitical stress persists, then the bear case is once again looking toward $50,000-$55,000 for Bitcoin.

    The long-term thesis for the asset does not align with the downtrend, and fundamentals have improved during the drawdown, the report said.

    FAQs

    1. Has Bitcoin bottomed after its June decline? Bitcoin may be near a bottom, but confirmation is still missing. Whale accumulation and support near $59,000-$62,000 are positive signs, but macro risks remain important.
    2. Why is whale buying important for Bitcoin? Whale buying shows that large holders were accumulating while weaker investors were selling. Historically, similar signals appeared near major market bottoms in March 2020 and Q4 2022.
    3. What caused Bitcoin’s June sell-off? The decline was driven by macro pressure, ETF outflows, and basis trade unwinding. US spot Bitcoin ETFs saw over $2.5 billion in outflows during June.
    4. What Bitcoin level should traders watch now? The key support zone is $59,000-$62,000, where the 200-week moving average aligns with historical buying levels. A weekly close below this range could increase downside risk.
    5. What is the bull case for Bitcoin? The bull case depends on cooler inflation, geopolitical de-escalation, and stronger demand. If Bitcoin reclaims $66,000, it could move toward the $70,000-$75,000 range.
  • Bitcoin Holds Near $62.9K as ETF Inflows Bolster Recovery

    Bitcoin Holds Near $62.9K as ETF Inflows Bolster Recovery

    Bitcoin traded near $62,900 on July 9, 2026, as strong spot ETF inflows helped offset geopolitical uncertainty. The cryptocurrency remained above the critical $62,000 support zone, with buyers defending the lower end of the range between $61,500 and $63,100. Despite this recovery, Bitcoin stayed well below its late-2025 all-time highs, and market participants remained cautious.

    Price Action Shows Consolidation

    Recent price movements indicate Bitcoin is in a consolidation phase, trading within a narrow band without a clear trend. Such periods often follow sharp volatility as the market seeks a fair price. Neither bulls nor bears have taken full control, keeping Bitcoin range-bound for the session.

    Key Support Levels Hold Firm

    The immediate support zone lies between $61,500 and $62,000, where buyers have consistently stepped in. Additional support sits at $60,000—a psychologically important level—and further down near $57,000. A break below $57,000 could undermine confidence and invite more selling.

    Resistance Levels Define the Path Higher

    Bitcoin faces its first major resistance between $63,000 and $64,000. A decisive move above this range would improve short-term sentiment. The next target is $68,000, where analysts expect heavier selling, followed by the $70,000 mark as a key psychological milestone.

    Technical Picture Remains Mixed

    The technical setup is balanced. Bitcoin staying above $62,000 is a positive sign, but upward momentum is lacking. Trading volumes are lower than typical bull-market levels. Experts believe a clear breakout is needed before a fresh uptrend can begin.

    Geopolitical Tensions Add Pressure

    Renewed US-Iran tensions increased uncertainty, prompting investors to reduce risk exposure. Bitcoin initially declined alongside equities before recovering some losses. Political events often create short-term volatility as capital flows to safer assets until the situation stabilizes.

    ETF Demand Provides a Tailwind

    Spot Bitcoin ETFs saw net inflows of approximately $143 million on the day, marking another session of strong institutional demand. These steady inflows suggest professional investors are building long-term positions despite near-term weakness, helping to absorb selling pressure.

    Investor Sentiment Cautious

    The overall mood remains cautious. Analysts describe the recovery as fragile, lacking strong buying momentum. Long-term holders are not making drastic moves, while short-term traders await clearer signals. Breaking above resistance levels would likely boost confidence.

    Near-Term Outlook

    The short-term outlook is neutral to slightly bearish as Bitcoin remains below key resistance. A move above $64,000 could open the door to $68,000 and potentially $70,000 if buying pressure builds. Conversely, a drop below $61,500 may lead to a retest of $60,000 or even $57,000.

    Medium-term prospects are cautiously optimistic, supported by institutional inflows. If ETF demand continues and global conditions stabilize, Bitcoin could stage a stronger rally in the months ahead.