Bitcoin is trading near $64,000, recovering from a US-Iran-driven flush earlier this week, as today’s US CPI report becomes the key near-term catalyst ahead of 200-day moving average resistance around $65,200.
Key Highlights
- Bitcoin (BTC) trading near $64,000, market cap around $1.33 trillion
- Ethereum (ETH) trading near $1,730-1,740, down modestly over the past 24 hours
- XRP near $1.09, Solana (SOL) near $77 — both under pressure with the broader altcoin market
- US spot Bitcoin ETFs snapped a 10-day losing streak, pulling in $221.7 million — the largest daily haul in two months
- Renewed US-Iran hostilities and a Monday selloff briefly wiped out $253 million in leveraged crypto positions
Crypto markets remain caught between two competing forces: geopolitical risk from the Middle East pushing traders toward caution, and resurgent institutional ETF demand signalling underlying conviction. Analysts continue to flag the need to distinguish a genuine relief rally from a durable cycle recovery, with Fed rate-cut expectations and US inflation data likely to set the tone for the rest of July.
This is market commentary for informational purposes and not investment advice. Cryptocurrency investments are subject to high market risk; please do your own research before investing.
Related posts:
