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After weeks of watching money walk out the door, US spot Bitcoin ETFs finally caught a break. On June 12, roughly $86 million flowed back into the funds, with BlackRock’s iShares Bitcoin Trust (IBIT) doing most of the heavy lifting.

IBIT alone pulled in approximately $57.7 million of that total, accounting for nearly two-thirds of the day’s inflows. In Bitcoin terms, the collective haul translated to about 1,350 BTC purchased across all spot ETFs, with IBIT responsible for roughly 907 of those coins.

The $86 million came after a stretch of more than $1.67 billion in net outflows from Bitcoin ETFs.

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BlackRock’s growing Bitcoin empire IBIT isn’t just the biggest Bitcoin ETF. The fund now holds over $46 billion in assets under management.

BlackRock recently launched BITA, a Bitcoin Income ETF designed to generate yield from Bitcoin exposure.

What this means for investors The single-day inflow reversal carries a few implications worth unpacking for anyone with skin in the Bitcoin game.

First, institutional demand hasn’t evaporated. BlackRock’s $57.7 million purchase on a single day suggests otherwise.

Third, BlackRock’s expansion into yield-generating Bitcoin products like BITA signals that the firm is building infrastructure for long-term holders, not just speculators chasing momentum.

One green day doesn’t constitute a trend reversal. A single $86 million inflow following $1.67 billion in outflows is encouraging but mathematically modest. That’s about 5% of the outflow recouped in a day.

IBIT’s dominance in capturing nearly two-thirds of the day’s inflows suggests that capital is consolidating around the BlackRock brand.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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For months, corporate bitcoin treasuries have been treated as a one-way bet. Empery Digital just broke the pattern. The Nasdaq-listed firm disclosed in an SEC filing that it sold 1,400 bitcoin since May, generating roughly $87.1 million at an average price of $62,200, according to the original report. The proceeds are marked for debt repayment, a previously announced property acquisition, and legal expenses.

The sale is not merely a capital raise. It coincides with a direct strategic pivot. Empery said it will discontinue public net asset value disclosures based exclusively on bitcoin holdings, citing growing exposure to artificial intelligence and energy infrastructure businesses. The firm is now involved in a proposed $1 billion AI data center project alongside members of the Hunt and Crow families.

A Corporate Treasury Reversal While many public companies added bitcoin to their balance sheets in recent years, Empery’s move stands out because it was one of the earliest to formally brand itself as a bitcoin treasury. Now, it is unwinding that position. The average sale price of $62,200 suggests the disposals happened during a period of relative stability in bitcoin’s price, rather than from a forced liquidation spiral. Still, the choice to fund a real estate play and AI infrastructure with bitcoin proceeds sends a signal that the firm sees better near-term returns outside of crypto.

The AI data center project is ambitious but still at the proposal stage. Empery’s willingness to commit capital from its bitcoin treasury to this venture indicates that internal calculations now favor AI compute over digital gold. That is a meaningful shift for a company that once used bitcoin holdings as a core part of its market identity.

Market Implications and Broader Trends A sale of 1,400 BTC is not enough to disrupt order books on its own, but it reinforces a subtle trend. Corporate treasurers are beginning to treat bitcoin not as a permanent reserve asset but as a liquidity tool that can be tapped for more conventional corporate purposes. This contrasts sharply with the strategy of firms that have pledged never to sell. The long-term question is whether Empery’s move is an isolated case or a preview of what other Nasdaq-listed crypto holders might do when competing priorities emerge.

Meanwhile, the broader institutional landscape for digital assets is evolving rapidly beyond simple bitcoin accumulation. Real-world asset tokenization recently crossed $20 billion, signaling that corporate treasuries are increasingly exploring diversified on-chain exposures. At the same time, Nasdaq-listed firms are integrating crypto into their operations in more nuanced ways, as when a major holder began institutional staking on Sui earlier this year.

Regulatory Backdrop and What Remains Unclear The strategic recalibration arrives while US crypto legislation is under intense pressure from banking interests. A landmark bill faces a potential derailment just days before a Senate vote, creating a climate where corporate treasuries must weigh regulatory uncertainty against any allocation thesis. For Empery, the regulatory noise may have made the AI pivot look even more rational.

Still, several things are not clear. The filing does not disclose Empery’s remaining bitcoin holdings, leaving open the question of whether this is a full exit or a partial rebalancing. The AI data center project, while ambitious, has not yet broken ground and will require far more capital than the $87.1 million raised. Until the project materializes, the sale remains a bet on future infrastructure demand, not a completed transformation. Market participants will watch Empery’s next quarterly filings closely to see if other corporate treasury managers follow its lead.

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Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.

The crypto market traded modestly, gaining 1.1% on Friday as Bitcoin (BTC), Ethereum (ETH) and XRP maintained their recent recovery levels. The gains came despite US spot ETF outflows and cautious investor sentiment, suggesting buyers continue to defend key support levels.

Bitcoin holds near $64K despite ETF outflows, treasury sell-offsBitcoin (BTC) traded slightly above $64,000 on Friday despite selling pressure from US spot Bitcoin exchange-traded funds (ETFs). The funds recorded net outflows of $95 million on Thursday, marking a second consecutive day of negative flows.

Spot BTC ETF Flows. Source: SoSoValueThe move follows Bitcoin treasury company Empery Digital's disclosure in a filing with the US Securities and Exchange Commission (SEC) that it has sold 1,400 BTC since May at an average price of $62,200. The proceeds will be used to repay debt, fund a previously announced property acquisition and cover legal expenses.

The company also said it is shifting its strategic focus toward artificial intelligence (AI) infrastructure, including participation in a proposed $1 billion AI data center project. As part of the transition, Empery will discontinue publishing net asset value (NAV) updates based solely on its Bitcoin holdings, reflecting its growing exposure to AI and energy infrastructure businesses.

Meanwhile, Japan's Metaplanet announced a feasibility study with JPYC, Progmat and its securities subsidiary to explore Bitcoin-backed digital credit products.

The initiative will evaluate the use of Bitcoin as collateral alongside stablecoins and tokenization infrastructure to enable 24/7 issuance, settlement and interest payments.

Ethereum records ETF outflows as onchain activity sends mixed signalsEthereum (ETH) traded near $1,800 following another day of outflows from US spot ETH ETFs. The funds recorded net outflows of $52 million on Thursday, marking a shift in sentiment after attracting positive inflows earlier in the week.

The top altcoin’s onchain activity paints a mixed picture, according to a Thursday note by CryptoQuant contributor CryptoOnchain. While the number of regular user transactions has increased by roughly 40% over the past week, the median value of token transfers has dropped 77%.

The divergence suggests that network activity is being driven largely by low-value transactions or automated bot activity, rather than significant capital inflows from larger investors.

ETH Velocity Illusion. Source: CryptoQuantThe analyst also highlighted that Binance funding rates have surged well above their 30-day average, showing that leveraged traders are increasingly positioning for further price gains. However, this bullish sentiment has yet to be supported by meaningful on-chain capital movement, while stablecoin redemptions point to weaker buying power across the market.

CryptoOnchain stated that a disconnect between rising speculative positioning and subdued economic activity on Ethereum's network could leave the market vulnerable to a sharp deleveraging event if stronger capital inflows fail to materialize.

XRP reclaims $1.10 as derivatives activity slowsXRP traded near $1.10 as activity in the derivatives markets continued to weaken.

CryptoQuant contributor Arab Chain stated that open interest in XRP futures on Binance has fallen to approximately 397 million XRP, its lowest level in more than three months.

XRP Open Interest (Binance). Source: CryptoQuantArab Chain noted that a decline in open interest typically reflects traders closing existing positions or opening fewer new ones. When combined with declining prices, it often signals weaker risk appetite, reduced liquidity and lower leverage across the futures market.

However, the analyst states that the trend is not necessarily bearish.

"In many cases, this phase represents a period of repositioning as investors await a clearer market direction," Arab Chain wrote.

A recovery in both XRP's price and open interest could indicate that liquidity is returning to the market and that a more active trading environment is beginning. On the other hand, continued declines would suggest investors remain cautious.

On the institutional side, US spot XRP ETFs recorded zero flows on Thursday after posting $7.29 million in net outflows on Wednesday, suggesting institutional demand remains subdued.

Although most AIs didn't agree on which is the winner, they all believe it won't be bitcoin.

We are already more than halfway through the year, and it’s safe to say that it hasn’t been kind to the largest cryptocurrencies. All three of the ones that we will explore in this article are deep in the red YTD after dipping to new local lows.

But let’s be more optimistic about the rest of 2026 and ask ChatGPT, Perplexity, Gemini, and Grok which they believe has the most potential to post the biggest gains in the next 5-6 months.

ChatGPT and Gemini Say… Perhaps the most widely known and used AI outlined the realistic and bullish peaks of all three assets: $95,000 for BTC, $3,200 for ETH, and $2.50 for XRP in one of the cases, and $135,000, $4,500, and $4.50, respectively, in the other. Consequently, their realistic and bullish upside potentials ranged between 48% and 110% for the market leader, 97% and 117% for the largest altcoin, and 136% and 325% for Ripple’s cross-border token.

Its winner is quite clear: “XRP has the greatest percentage upside, followed by ETH, which is the best balance between upside and fundamentals.” Bitcoin, on the other hand, is described as the one with the “highest probability of a rally, but the lowest potential returns.”

Gemini had a slightly contrasting opinion. It placed Ethereum as the “highest theoretical upside contender,” since it is currently the most beaten down. It outlined the upcoming Glamsterdam update as a potential catalyst for future gains, as it promises to fix the fee structures.

“Because it is starting from such a compressed level, its upside multiplier is massive,” Gemini added.

It categorized XRP as the “clearest binary catalyst,” while BTC falls under the same category – the highest probability for a run, but the lowest percentage potential.

Grok and Perplexity Add… Grok agreed to a large extent with Gemini. It said XRP “edges out for explosive relative gains,” since it’s smaller in size, while its pent-up narrative (payments and regulatory resolution), alongside its sensitivity to positive news, makes it the “highest beta play among the three.”

You may also like: Bitwise Report: Crypto Fundamentals Are Getting Stronger Despite Third Straight Negative Quarter STRC, SATA Hit Record $10B Monthly Trading High Despite Price Drop Below Par Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In “In risk-on environments with altcoin rotation, XRP often amplified moves. However, this comes with higher risk – if macro weakens or catalysts delay, it could underperform,” Grok explained.

BTC is the safest “big rally” bet, while ETH balances utility and adoption but may “lag in pure speculative rallies unless specific narratives catch fire.”

Perplexity took ChatGPT’s side, indicating that “ETH probably has the best asymmetric rally potential in H2 2026, while BTC is the most likely to be steady, and XRP is the wild card with the sharpest upside if catalysts hit but the highest execution risk.”

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Bitcoin traded around $64,000 on Friday, with analysts pointing to significant liquidity above current levels that could fuel further upside if bulls maintain momentum.

Notable Statistics:

Coinglass data shows 55,329 traders were liquidated in the past 24 hours for $211.92 million.        SoSoValue data shows net outflows of $95.3 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $52.08 million. In the past 24 hours, top gainers include Audiera, DeXe, and MemeCore. Notable Developments:

Trader Notes:

Trader exitpump noted a sizable number of Bitcoin limit short orders were filled as aggressive buyers pushed prices higher.

The analyst warns that if BTC fails to break above $64,500, late long positions could unwind, triggering a pullback as traders exit overcrowded bullish bets.

Trader KillaXBT said Bitcoin has declined roughly 2.5% on nine consecutive Mondays, making next Monday a key session to watch. If BTC continues consolidating near the $64,000 region, it could push toward $65,000–$66,000 before another pullback.

An earlier breakdown could turn Monday’s peak into a lower high, signaling weakening momentum.

CryptoReviewing explained Bitcoin’s sharp swings over the past three days triggered nearly $960 million in crypto liquidations.

BTC first plunged from $64,100 to $61,500, wiping out $628 million in leveraged positions, before rebounding to $63,300 and then rallying above $64,500, liquidating another $332 million combined. The analyst says $64,500–$67,000 holds the next upside liquidity target.

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XRP is finally beginning to show signs of life after weeks of struggling beneath declining resistance and failing to produce any significant momentum. The asset is exhibiting some of the strongest recovery behavior since the start of its most recent decline, though it would be premature to declare this a full-scale bull market reversal. 

The ability of XRP to recover from the late-June lows around $1.00 is the most significant development. Buyers intervened and forced the asset back toward the declining resistance line that has stopped every attempt at a rally over the past month, rather than creating another lower low and prolonging the bearish trend. 

XRP/USDT Chart by TradingViewCurrently, XRP is testing a crucial technical barrier created by the 26-day EMA and the declining trendline at $1.12. This combination creates a crucial decision point for the market. After months of intense pressure, a successful breakout would indicate that sellers are finally losing control. What distinguishes the current move is its natural formation. Classic technical structures like double bottoms, inverse head-and-shoulders patterns, or capitulation spikes give rise to many reversals.

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XRP's recovery is not the same. Simply put, the asset stabilized, stopped declining, and gradually drew buyers back into the market. These reversals are less common because they arise from gradual accumulation rather than a dramatic washout event. The improving outlook is supported by momentum indicators. The RSI has risen above its recent lows and is approaching neutral territory, indicating rising buying interest without entering overbought territory. 

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This allows for additional growth in the event that demand continues to rise. The next significant target is located at $1.17, near the 50-day EMA. A move above that level could reach the psychologically significant $1.25-$1.30 area, where more formidable resistance awaits. 

On the downside, bulls still need to protect the $1.05 area as a crucial support zone. XRP is still in its early stages of recovery. The 200-day and 100-day moving averages are still significantly above the current price, indicating that the overall trend remains negative. However, for the first time in weeks, XRP is giving traders good reason to believe that a more sustainable recovery might be underway.

Shiba Inu's volume injectionAfter one of its most challenging periods this year, Shiba Inu is at last beginning to stabilize. Even though the overall trend is still negative, recent price action suggests that the market might be preparing for a potential comeback, giving investors another reason to pay attention.

After successfully defending local lows set at the end of June, SHIB is currently trading near $0.00000440. The most recent move is notable because the asset has stopped producing aggressive lower lows despite continued pressure from key moving averages. Rather than continuing its downward spiral, Shiba Inu has entered a consolidation phase that may lay the groundwork for a more significant recovery. 

SHIB/USDT Chart by TradingViewWhile the Relative Strength Index rises back toward neutral territory, the chart shows SHIB recovering from oversold conditions. The RSI's slow recovery suggests that selling pressure is easing, even though it remains below the levels typically associated with strong bullish momentum. This shift is often one of the first indicators before a significant trend reversal occurs.

Volume has also improved somewhat during recent recovery attempts. The increase in activity suggests that market participants are beginning to accumulate rather than simply exit positions, even though buyers have not yet generated enough demand to break through significant resistance levels. 

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The cluster of moving averages above the current price remains the main challenge. The first significant resistance level is the 26-day EMA around $0.00000460. A move above it would expose the 50-day EMA around $0.00000480, while a stronger rally could bring the 100-day moving average around $0.00000530 into focus. 

Despite these positive signs, traders should exercise caution. The fact that SHIB is still trading significantly below its long-term 200-day moving average indicates that the broader trend has not yet changed. Recovery hopes are being rekindled, though they have not been fully confirmed. 

Bitcoin must push aboveAlthough Bitcoin's most recent recovery attempt is gaining traction, a significant level still separates the market from a more convincing reversal. Even though Bitcoin has reclaimed short-term support and risen sharply from the sub-$60,000 area, the true test lies higher on the chart. Bitcoin is currently trading at $64,500 and is approaching the 50-day EMA at $65,400. 

Throughout the most recent downturn, this moving average has served as dynamic resistance, rejecting earlier recovery attempts and thwarting bulls' efforts to sustain upside momentum. This level is the key hurdle for Bitcoin at the moment. The recent rally is encouraging, as it follows a successful defense of the $58,000-$60,000 support zone. 

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At local lows, buyers intervened forcefully, pushing Bitcoin higher and lifting the RSI above the neutral 50 level. Momentum is building, and volume has held steady throughout the recovery, indicating genuine demand rather than a transient relief bounce. However, until Bitcoin breaks through the 50-day EMA, the structure remains incomplete. 

A successful move above $65,400 would likely invite additional buying pressure and open the door to the 100-day EMA, located around $69,000. The 200-day moving average around $75,000, which marks the boundary between a long-term bearish and bullish environment, remains the primary target beyond that. A failure at current levels would present a different scenario. 

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Another rejection from the 50-day EMA could reinforce the current downward trend and push Bitcoin back toward the $60,000 support level. While that would not necessarily invalidate the recovery, it would seriously delay any broader reversal. What makes the current setup significant is the absence of major resistance between the 50-day and 100-day moving averages.

If bulls can force a breakout now, momentum could accelerate quickly. Bitcoin does not need a dramatic trend shift or capitulation event to rebound. The $65,400 region must be decisively reclaimed. Until then, the current rally is not evidence of a new bullish trend, but rather a promising recovery attempt.

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Bitcoin has climbed above the $64,000 level after U.S. President Donald Trump confirmed that the United States has agreed to continue talks with Iran following a new request from Tehran.

Summary

Trump confirmed the U.S. will continue talks with Iran after a new request from Tehran. Bitcoin climbed above $64,000 as markets reacted positively to the diplomatic update. Polymarket still places the odds of a U.S.-Iran nuclear deal by year-end at just 38%. According to a post by President Trump on Truth Social, Iran asked to resume discussions with the United States, and Washington agreed to continue negotiations. At the same time, Trump stated that the ceasefire was over, indicating that diplomatic engagement would continue despite the end of the truce.

“The Islamic Republic of Iran has asked us to continue “talks.” We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER!”

The cryptocurrency market reacted positively to the development. Bitcoin (BTC) rose to around $64,100, gaining nearly 2% from an intraday low near $62,000. The move extended the recovery that began after heavy selling earlier this week, when renewed military exchanges between the U.S. and Iran pushed Bitcoin below the $62,000 mark.

crypto.news had previously reported that technical discussions between U.S. and Iranian officials were expected to continue. Trump’s latest statement publicly confirmed that negotiations remain active even as military tensions have yet to fully ease. Alongside Bitcoin, several major cryptocurrencies also traded higher following the announcement.

Bitcoin recovers as diplomatic contacts continue Market sentiment improved after Trump’s latest comments suggested that both sides remain engaged in negotiations despite recent hostilities. Earlier, the president had also stated that Iran wanted to make a deal “so badly,” adding to expectations that diplomatic channels had not completely broken down.

Even with Bitcoin reclaiming the psychological $64,000 level, traders continue to monitor geopolitical developments closely because recent market swings have been closely tied to headlines surrounding the conflict. This week’s decline below $62,000 came shortly after both countries exchanged strikes and Trump declared that the ceasefire had ended.

The recovery also follows several sessions of elevated volatility across digital assets, with investors reacting quickly to changes in geopolitical risk. Although Bitcoin has regained lost ground, price movements remain sensitive to further developments from Washington and Tehran.

Nuclear agreement expectations remain limited Despite the renewed talks, prediction markets continue to show limited confidence that the two countries will finalize a nuclear agreement this year. According to Polymarket data, the probability of the United States and Iran reaching a deal by Dec. 31 stands at about 38%.

Source: Polymarket The nuclear program remains the central issue separating both sides. President Trump has repeatedly maintained that Iran cannot possess a nuclear weapon, while negotiations continue alongside ongoing military and political tensions.

Energy markets remain another source of uncertainty for investors. Iran has maintained that it plans to impose tolls on vessels passing through the Strait of Hormuz, a route that carries a significant share of global oil shipments. The possibility of higher transportation costs has kept traders focused on potential disruptions to crude supplies.

Earlier this week, oil prices climbed after Iran attacked three oil tankers in the Strait of Hormuz, escalating the conflict and adding fresh inflation concerns. Higher energy prices can increase inflationary pressure, a factor that financial markets often watch because persistent inflation may reduce expectations for easier monetary policy, which can weigh on risk assets such as Bitcoin.

For now, Bitcoin’s move above $64,000 suggests investors welcomed signs that diplomatic contacts remain open. Even so, the market continues to balance improving sentiment from renewed negotiations against the unresolved issues surrounding Iran’s nuclear program and the ongoing risks to global energy supplies.

THE STREET: Bitcoin treasury company sells 48% of holdings to repay debt

In brief Since May 7, Empery Digital sold 1,400 Bitcoin for about $87.1 million, slashing its BTC treasury by nearly half. The firm repaid $10 million in debt, funded a pending property acquisition, and covered legal costs from ongoing stockholder litigation. As of July 10, the company holds 1,514 BTC and roughly $73.9 million in cash. Publicly traded Empery Digital Inc. has sold nearly half its Bitcoin treasury since early May, using the proceeds to pay down debt, prepare for an AI-related real estate acquisition, and cover mounting legal bills tied to a shareholder lawsuit, according to an SEC filing this week.

The company disclosed it sold 1,400 BTC since May 7 at an average price of about $62,200 per coin, generating roughly $87.1 million in gross proceeds. Of that total, $10 million went toward retiring outstanding debt on July 7. The remainder is earmarked for a previously announced property acquisition—pending completion of a purchase and sale agreement—as well as legal expenses stemming from stockholder litigation disclosed in the company's most recent quarterly report, along with general operating costs.

The $65 million property deal, announced on June 30, is for a “25% ownership [stake] into a private entity that is acquiring a strategically located Midwest facility to be converted into a state-of-the-art AI data center.”

As of Thursday, Empery Digital held 1,514 BTC—currently valued at nearly $96.5 million—and approximately $73.9 million in cash, with $45 million still outstanding on its debt facility, the filing shows.

Decrypt reached out to Empery Digital for comment regarding the sale and whether it impacts the firm’s treasury strategy going forward, but did not immediately receive a response.

The disclosure offers a window into how corporate holders of Bitcoin are increasingly treating their crypto reserves as a liquidity source, selling down positions to meet conventional financial obligations rather than holding the asset purely as a long-term investment.

The most prominent example is Bitcoin giant Strategy’s recent sales from its $54 billion BTC stash, which have been done to fuel dividend payments for its preferred share offerings in an effort to cool concerns around its ability to meet its financial commitments. Such fears had helped tank the price of Strategy’s MSTR common shares and its STRC preferred shares in recent weeks.

The stockholder litigation referenced in the filing was previously outlined in Empery Digital's quarterly report for the period ending March 31, though the company did not detail the specific legal costs in this week's disclosure. The filing does not specify a timeline for completing the property acquisition or resolving the pending litigation.

Empery Digital (EMPD) stock has ticked up about 2% on the day so far Friday, per data from Yahoo Finance, recently trading at $3.87. Shares are up more than 14% in the last month, but down about 15% so far this year.

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The Nasdaq listed company said it sold 1,400 BTC since May 7 at an average price of $62,200 per Bitcoin, generating about $87.1 million in gross proceeds. The sale left Empery with 1,514 BTC and about $73.9 million in cash as of July 10.

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The proceeds are being used to repay debt, fund a previously announced property acquisition, cover legal expenses tied to ongoing stockholder litigation and support operations. Empery said it repaid $10 million of outstanding debt on July 7 and still has $45 million outstanding on its debt facility.

The move marks a sharp reversal for a company that adopted a Bitcoin treasury strategy last year. Empery, formerly Volcon, said in August 2025 that it held more than 4,018 BTC and described its strategy as becoming a low cost, capital efficient aggregator of Bitcoin.

The company had already disclosed that Bitcoin sales could be part of its capital strategy. In its annual report, Empery said it had sold 722 BTC for $50 million from January 1 through March 25, 2026, and warned that future Bitcoin sales could affect its results and financial condition.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

New Hampshire Council Votes Down First-in-Nation $100 Million Bitcoin Bond

Bitcoin closed the worst half-year in its recent history near $60,000, down from $93,000 in January and fresh off a 21-month low, and almost none of the damage came from crypto itself. The Federal Reserve and record ETF outflows did it, and the same two forces meet again at the July 28-29 policy meeting that will likely decide whether the bottom is in or another leg waits below. These are the levels, the scenarios, and the honest case on both sides.

Summary

Bitcoin enters July near $60,000, with the July 28–29 Fed meeting expected to determine whether the recent sell-off extends or a recovery begins. The main risks remain hawkish Fed policy and continued spot Bitcoin ETF outflows, while whale accumulation and an oversold market provide the strongest bullish arguments. Key levels to watch are $58,000 support and $63,800 resistance; a sustained return of ETF inflows could signal that a broader recovery is underway. Bitcoin enters July 2026 trading near $60,000, and the number understates how strange the year has been. The largest cryptocurrency began January above $93,000, peaked at $126,000 back in October 2025, and spent the first half of 2026 grinding down to a fresh 21-month low near $58,000 in late June, a decline of more than half from the top.

Bitcoin daily price chart | Source: crypto.news What makes it unusual is the absence of a villain: Bitcoin’s historic crashes came with something breaking, the Terra collapse in 2022, the FTX failure months later, and this time nothing inside crypto broke.

No major exchange failed, no large stablecoin lost its peg, and the US Strategic Bitcoin Reserve stayed in place. The damage came almost entirely from two external forces: the Federal Reserve and the money leaving Bitcoin exchange-traded funds, and those same two forces are set to decide what happens next.

The pivotal event sits at the end of the month. The Federal Reserve meets on July 28-29, and prediction markets put roughly a 70% probability on the Fed holding rates steady, with the small remaining chance pointing toward a hike, not a cut, meaning a monetary rescue for risk assets this month looks unlikely.

Around that decision sits a market that is deeply oversold, largely deleveraged, and quietly being accumulated by long-term buyers even as ETF holders sell, a genuinely mixed setup that supports the range this piece will map rather than a confident call in either direction.

This prediction breaks down the month the way a trader would: the price levels that matter in both directions, the bearish case built on the Fed and the ETF exodus, the bullish case built on oversold conditions and whale accumulation, three concrete scenarios with the triggers that would produce each, the analyst and prediction-market targets worth knowing, and the honest bottom line on a month whose direction one meeting will largely set. None of it is investment advice, and Bitcoin’s volatility means every level here can be overrun by a single headline.

The levels that matter Start with the map, because in a month likely to be decided by one event, the levels around that event are the whole game. Bitcoin near $60,000 sits below its 50-month exponential moving average around $65,600, a marker that has flipped from support to resistance and now caps rallies, while remaining well above its 100-month average near $40,000, which keeps the multi-year structure intact even in the current weakness.

On the downside, the first and most important floor is the late-June low near $58,115, the level that defined the month’s bottom and whose defense or failure is the single most-watched line on the chart. Below it, the $56,200 area marks a Fibonacci support that traders widely flag, and beneath that the picture opens toward the $50,000 to $53,000 zone, which aligns with the most bearish institutional forecasts and would represent the month’s worst-case territory. That lower band also sits near the long-term trendline Bitcoin has only breached during the deepest stretches of past bear markets, which is why a move into it would carry outsized psychological weight.

On the upside, reclaiming the $62,000 to $65,600 zone is the bulls’ first task, because turning that band from resistance back into support would neutralize the downtrend, and a decisive break above roughly $63,800 is the level several analysts cite as the signal that the immediate downtrend has ended. Above that, the 50-month average near $65,600 and then the $70,000 round number are the next hurdles, though reaching them in July would likely require the outside help the bull case depends on.

Held together, the structure is a market pinned below falling resistance and resting on a well-defined floor, waiting for a catalyst to resolve the tension, and the calendar says the catalyst arrives at month-end.

The bearish case: the Fed and the ETF exodus The case for another leg down rests on the two forces that drove the first-half decline, and neither has clearly reversed. The Federal Reserve is the larger one. The new chair held rates steady at his first meeting in June and took this year’s expected rate cut off the table, and the resulting repricing of risk assets is much of what pulled Bitcoin down.

With markets assigning roughly a 70% odds to another hold on July 29 and the tail risk pointing toward a hike rather than a cut, the monetary backdrop offers Bitcoin no relief this month and possibly a fresh headwind, and a hold delivered with hawkish language, or any hint of a hike, is exactly the trigger that could push price back below the $58,115 floor.

The second force is the ETF exodus, and its scale is historic. Bitcoin ETFs posted their worst month on record in June with roughly $4.5 billion pulled, and one major bank cut its 12-month inflow forecast to zero, a stark reversal for the products that drove the prior bull run. Because ETF flows translate directly into real spot buying and selling through the creation-and-redemption machinery, sustained outflows are not sentiment noise; they are actual coins hitting the market, and until that flow turns, one of the largest sources of structural demand is instead a source of supply.

The bearish scenario also carries a wildcard: a treasury company forced into selling. Several corporate holders carry Bitcoin against financing, and a forced sale into a thin, falling market could accelerate a move toward the $50,000 to $53,000 zone, the kind of reflexive downside the first-half drawdown across the broader market already previewed.

The bullish case: oversold, deleveraged, and quietly accumulated The case for a bottom does not rely on optimism; it rests on market structure. Bitcoin is deeply oversold on multiple timeframes, and the leverage that drove the crash has largely been flushed; the forced-selling cascade that liquidations mechanically produce is now spent, with open interest down to roughly $46.5 billion.

That matters because a deleveraged market has less fuel for cascading liquidations, which means another sharp drop would likely require a fresh fundamental trigger instead of more mechanical selling, a meaningfully different setup from the cascade that produced the June low.

Underneath the price, the on-chain picture diverges sharply from the ETF flows, and the divergence is the bull case’s strongest single point. Coins keep leaving exchanges, and whales accumulated more than 270,000 BTC over roughly two weeks around the lows, worth well over $16 billion, most of it moved through the private desks where size trades without moving the price, precisely the pattern of long-term buyers stepping in that has historically marked accumulation bottoms. That split, whales buying the low while ETFs sold, is the defining tension of the current market, and it means the selling has been concentrated in one holder class while another quietly absorbs supply.

For the bullish scenario to play out on price, Bitcoin needs a little outside help: a cooler mid-July inflation report, a return of ETF inflows for a week or more, or softer language from the Fed chair, any of which could let Bitcoin reclaim $60,000 as support and turn the oversold structure into a recovery. The bottoming signal to watch, on this side, is simple and specific: money flowing back into the ETFs for a sustained stretch, which is what a genuine turn in demand would look like first.

The macro backdrop: why a rate decision moves Bitcoin For readers who find it strange that a central bank meeting dominates a Bitcoin forecast, the mechanism is worth making explicit, because it is the through-line of the entire year. Bitcoin trades, in the current era, as a high-beta risk asset: when the Federal Reserve tightens or signals higher-for-longer rates, the return available on safe assets like Treasuries rises, the cost of holding non-yielding assets climbs, and capital rotates out of the riskiest holdings first, with Bitcoin near the front of that queue. The first half of 2026 was a textbook demonstration, and the sequence matters.

The Fed’s new chair took office and, at his first meeting in June, held rates steady while removing the rate cut markets had priced for the year, and the repricing rippled straight through risk assets into Bitcoin, which fell from the low $70,000s toward $60,000 in the weeks that followed.

This is why the July 28-29 meeting carries such weight, and why its likely outcome is not comforting. A hold is the base expectation, but a hold is not neutral when the market had hoped for cuts; it confirms the higher-for-longer backdrop that pressured Bitcoin all year. The dangerous tail is a hawkish surprise: any hint of a hike, or a hold delivered with language pointing to more tightening ahead, would remove the last hope of monetary relief and likely send capital further out of risk.

The benign path runs the other way, through the data that precedes the meeting: a cooler mid-July inflation report would revive the case for eventual cuts, soften the dollar, ease Treasury yields, and give risk assets including Bitcoin room to breathe.

In other words, the inflation print in the middle of the month may matter nearly as much as the decision at the end of it, because it shapes what the Fed can credibly say. Bitcoin’s July is, to an uncomfortable degree, a bet on macro data it has no influence over.

The cycle debate underneath the month Beyond July’s tactical picture sits a larger argument that colors every forecast, and it is worth understanding because it explains the extraordinary spread in analyst targets. Bitcoin has historically moved in roughly 4-year cycles tied to its halving events, with long bull markets giving way to deep bear markets in a rhythm traders have relied on for over a decade. The current drawdown, more than half off the October 2025 peak, would in the classic framework signal a bear market already well underway, pointing toward more downside and a longer winter before the next cycle.

The competing thesis, advanced by some of the most bullish institutional voices, is that this cycle is different because the buyer base has changed. On this view, the entry of ETFs, corporations, and other institutions is stretching Bitcoin’s traditional boom-and-bust rhythm into a longer, shallower, more gradual cycle, one where deep drawdowns like the current one are corrections within an extended bull market instead of the start of a multi-year winter.

The record ETF outflows of the first half complicate that story, since they show institutional money can leave as fast as it arrived, but the simultaneous whale accumulation supports it, suggesting conviction buyers view these levels as an opportunity.

The debate will not resolve in July, but it frames the month’s stakes: if the classic cycle holds, the $50,000s and lower are a waypoint on a longer decline, and if the institutional thesis holds, the current oversold, accumulated setup near multi-year support is closer to a bottom than a beginning.

July’s data will not settle the argument, but it will nudge the evidence one way or the other, which is part of why the month is being watched so closely.

Three scenarios for July Pulling the forces together produces three coherent paths for the month.

The base case is a slow grind with a downward tilt. If nothing decisive changes before the Fed meets, Bitcoin likely chops between roughly $56,000 and $62,000, getting rejected on each push into the low $60,000s and treading water while the market waits for the July 29 outcome. This is the highest-probability path into the meeting, and it resolves only when the Fed does.

The bearish scenario opens below $58,115. A hot inflation report, a hawkish hold or hike signal from the Fed, or a forced corporate sale could break the June floor, exposing the $56,200 Fibonacci support and, if that fails, the $50,000 to $53,000 zone that aligns with the most bearish bank forecast. This is not the base expectation for July, but it is the clearly defined downside if sellers regain control.

The bullish scenario needs the outside help named above. A cooler inflation print, renewed ETF inflows, or a softer Fed tone could let Bitcoin hold above $60,000, reclaim the $62,000 to $65,600 band, and turn a break above roughly $63,800 into the signal that the downtrend has ended, opening a path toward the 50-month average and $70,000. It is the least likely path given the monetary backdrop, but the oversold, deleveraged, accumulated structure means the fuel for a sharp recovery is present if the catalyst appears.

Reading the flows in real time Because this piece keeps returning to ETF flows as the signal that matters most, it is worth being concrete about how to read them during the month, since the daily numbers reward interpretation. The flow data publishes each trading day and measures coins genuinely created and redeemed, but single days are noise, dominated by one fund’s rebalancing or one authorized participant’s book, while multi-week trends are the real regime information.

A single green day after the June exodus means little; a sustained stretch of inflows, a week or more of consistent net creation across multiple issuers, is the pattern that would signal the demand which drove the bull market coming back, and it is the specific evidence a bottom-caller should demand before trusting a turn.

Two caveats keep the reading honest. First, a meaningful share of ETF positions belongs to basis traders holding shares against short futures to harvest a spread, and when that spread moves they redeem mechanically with no directional view, which means some of June’s alarming outflows were plumbing, not conviction selling, and some of any recovery’s inflows will be the same in reverse.

Second, flows lag price around the clock, since the ETFs trade only during US market hours while Bitcoin trades continuously, so a weekend move shows up in Monday’s flow number, not in real time. The practical habit is to watch the flow trend across a full week, weigh it against price action, and treat a durable turn in the trend, not any single print, as the tell.

Alongside the flows, the on-chain accumulation data, exchange balances and large-wallet holdings, provides the counterweight that has diverged from ETF selling all through the drawdown, and the month in which those two series finally point the same direction is likely the month the trend actually changes.

The targets on the table The professional forecasts span an unusually wide range, which is itself information about how uncertain this moment is. On the short-term and bearish side, one major bank’s $53,000 forecast anchors the downside case, and prediction-market data leans bearish, with traders assigning roughly a 68% chance of Bitcoin reaching $65,000 by late July and a 64% chance of $60,000 holding as support, alongside only modest odds, under 20%, of Bitcoin reaching $90,000 by year-end.

On the bullish side, one major bank maintains a $100,000 year-end target and frames the sell-off as a buying opportunity rather than a cycle top, and one research firm holds a $150,000 year-end call built on the thesis that institutional ownership is stretching Bitcoin’s traditional 4-year cycle into a longer, more gradual one. Longer-dated model-based forecasts cluster in the high 5 figures to low 6 figures for late 2026 before rising in subsequent years.

The spread between a $53,000 near-term floor and a $150,000 year-end target is the honest picture: the analysts agree on almost nothing except that the second half depends on the Fed and the ETFs, the same two variables this piece has centered throughout.

For July specifically, the base-case targets cluster around $65,600 on the upside if support holds and the low-to-mid $50,000s on the downside if it does not, a range whose resolution the month-end meeting will largely dictate.

What could break the range Because the base case is a range defined by one meeting, it is worth naming the events that could override it before or after July 29, since a month pinned on a calendar is also a month exposed to surprises. On the downside, beyond a hawkish Fed, the specific risks are a hot inflation print that removes the cooling narrative, a forced sale from a leveraged corporate treasury holder into thin liquidity, and any renewed acceleration in ETF redemptions that turns the June exodus into a quarter-long trend.

Each of these is capable of breaking the $58,115 floor independent of the Fed, and the treasury-sale risk in particular is the kind of reflexive, mechanical event that has produced Bitcoin’s sharpest single-day moves, because a holder selling from necessity, not choice, sells regardless of price.

On the upside, the overrides are mirror images: a cooler inflation report that revives cut expectations, a decisive multi-week return of ETF inflows, or a broad risk-on turn in traditional markets that lifts Bitcoin alongside equities. A geopolitical de-escalation or a softening dollar could each do it, since Bitcoin has tracked global risk appetite closely through the year.

The point of naming both sets is not to predict which fires but to frame the month correctly: the range between roughly $56,000 and $63,800 is the default, the Fed is the scheduled resolver, and the list above is the set of unscheduled events that could resolve it earlier or push it further in either direction. A disciplined reader watches the floor, the reclaim zone, the mid-month inflation data, and the ETF flow trend, and lets those four signals, not any forecast including this one, dictate the reading as the month unfolds.

The honest bottom line July 2026 is a waiting month with a hard deadline. Bitcoin enters it oversold, deleveraged, and quietly accumulated, which limits the fuel for another forced-selling cascade, and simultaneously pinned beneath falling resistance by a Federal Reserve that has taken rate cuts off the table and an ETF complex still bleeding, which limits the fuel for a recovery. The result is a market coiled between a well-defined floor near $58,000 and a reclaim zone near $63,800, most likely grinding sideways with a downward tilt until the July 28-29 meeting forces the resolution, at which point the reaction to the Fed, and the behavior of ETF flows in the days around it, will set the tone for the rest of the summer.

The single most useful thing to watch is not the price but the flows: a sustained return of ETF inflows would be the first real evidence that the demand which drove the bull market is coming back, and its continued absence is the clearest reason to expect the grind to continue. Bitcoin has survived a half-year that erased more than half its value without a single structural break, which is either the setup for a base or the pause before another leg, and honestly, the month itself, through one meeting and a handful of data prints, will do more to answer that than any forecast can.

One final piece of perspective for anyone reading this mid-month: the hardest thing about a waiting market is that patience feels like inaction while the range holds, and then resolves faster than anyone can react once it breaks. The levels in this piece exist precisely so that the resolution, whenever it comes, is legible in advance instead of chased after the fact. The floor is near $58,000, the line that ends the downtrend is near $63,800, the scheduled catalyst is July 28-29, and the flow trend is the tell underneath all of it.

A reader who knows those four numbers going into the meeting is positioned to interpret whatever the Fed and the data deliver, which is the most any honest forecast can offer for a month this contingent: not a forecast to trust blindly, but a map to read the month against as it happens.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency markets are highly volatile, and you can lose your entire investment. Price levels, forecasts, and the July 28-29 Federal Reserve meeting date reflect information current as of July 9, 2026, and are subject to change; verify current conditions before making any decision. Always do your own research.

After a 2.32% increase over the previous day, Bitcoin [BTC] was trading at $64,380.20 at press time.

The leading cryptocurrency, however, failed to overcome the resistance level at $80k, which it last reached in mid-May, despite the increase.

Even though the four-hour chart’s RSI and MACD indicators, as well as the narrowing Bollinger bands, further imply that the bullish narrative is here to stay. 

Source: Trading View On-chain metrics raise red flags Nonetheless, the data from CryptoQuant’s most recent analysis paints a bleak picture, indicating that Bitcoin is not in a bear market or a confirmed recovery, but rather is in a transitional phase.

On the one hand, conventional U.S. investors are being cautious.

This is because since October 2025, about $10 billion has been pulled out of spot Bitcoin ETFs. Additionally, the Coinbase Premium has been negative for 65 days in a row, suggesting that buying demand from American institutions and individual investors is not strong.

Source: CryptoQuant However, on-chain data reveals that new Bitcoin whales are progressively gaining more BTC, as the supply of the cryptocurrency shifts from older, long-term holders to more large, recent investors.

This indicates that although ETF selling pressure indicates a weak market sentiment, big buyers are covertly consuming that supply, which may be preventing further declines. 

Source: CryptoQuant Community backs Bitcoin In fact, disregarding these negative metrics, former NASA researcher Benjamin Cowen pointed out, 

Source: Benjamin Cowen/X Indeed, according to another analyst, there might be a recurrent four-year cycle in Bitcoin and the larger cryptocurrency market.

According to the analyst, an anonymous 4chan user correctly forecasted the peak of the Bitcoin market in October 2025, and this prediction is consistent with another independent cycle model. 

He added,

If the cycle repeats, Q4 2026 could mark the next major buying opportunity and 2027 is gets crazy.

Similar to other opinions about Bitcoin, Adam Livingston contends that BTC seems to be undervalued because it is currently only 19.2% above its realized price, which is the average on-chain purchase price of all BTC, as opposed to an average premium of 81.9% in the past.

According to Livingston’s analysis of previous times when Bitcoin traded at comparable valuation levels, all completed historical regimes produced positive two-year returns, with median returns of 41% after six months, 127% after a year, and 621% after two years. 

Source: X Nonetheless, AMBCrypto recently pointed out that better sentiment may have trouble spurring the kind of broad purchasing that is required for a long-lasting recovery until new capital returns to spot markets.

Final Summary Bitcoin price action is showing bullish momentum, but on-chain metrics are raising eyebrows. The community is also optimistic about Bitcoin’s upcoming trajectory. 

Bitcoin neared $65,000 on July 10 as numerous variables combined to fuel the latest upside.

getty

Bitcoin prices rallied on Friday, July 10, approaching $65,000 as a range of factors contributed to the digital currency’s upward movement.

The world’s most prominent cryptocurrency rose to more than $64,600, according to Coinbase data from TradingView. At this point, it had climbed more than 15% after trading at less than $58,000 on July 1.

When explaining these latest price movements, several analysts pointed to multiple variables.

Brett Sifling, wealth manager for Gerber Kawasaki Wealth & Investment Management, was in this camp.

“As always, I think there are a few reasons why Bitcoin has rallied up to the $65,000 level,” he stated via email. “First, it seems to be a relief bounce after the string of bad news over the past few weeks has dried up such as Michael Saylor liquidating some of his Bitcoin stash.”

“Second, I’ve seen some chatter about the newest version of the Crypto Clarity Act may come as early as next week. Regulatory clarity could be another reason for the bounce,” Sifling continued.

“Lastly, the Circle news today that it received regulatory approval to establish its own national trust bank was also largely seen as positive for the entire crypto industry,” he noted, speaking to the company’s recent announcement.

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“A combination of some positive news for the crypto industry, along with a relief bounce, seems to be what’s driving the Bitcoin rally.”

Dave Liebowitz, head of growth at private credit platform Cap, also weighed in, stating that “There are a few reasons” for bitcoin’s recent gains.

“First, the uncertainty around Michael Saylor selling his Bitcoin has largely passed,” he said, referring to the $200 million transaction recently made by the crypto celebrity’s company Strategy.

“Before he sold, the market was questioning whether mounting pressure might force him to reduce his holdings,” Liebowitz noted. “Now that he has already sold, that uncertainty is gone and investors are no longer waiting to see if or when he might sell.”

“That removes a key overhang on the market.”

The analyst cited another causal factor, stating that “In addition, Bitcoin ETFs have continued to see strong inflows, including single-day inflows of $221 million to more than $300 million and $1.347 billion in weekly inflows.”

Stronger Market Sentiment Some analysts took a different tack, with one focusing on the changing mindset of investors when explaining bitcoin’s latest gains.

“Bitcoin’s latest move appears to be driven by a combination of improving market sentiment and renewed risk appetite, rather than any single catalyst,” Himanshu Sahay, cofounder and CTO of crypto lender Arch, claimed via email. “After a period of heightened uncertainty, even modest positive developments can encourage investors to rotate back into higher-risk assets like Bitcoin, particularly when liquidity returns to the market.”

However, he noted that the recent runup may be more of a short-term price movement, stating that “I don’t think this move alone signals a broader trend.”

“Bitcoin has historically experienced sharp rallies within wider periods of volatility, so it’s important not to overinterpret short-term price action. Whether this develops into a sustained recovery will depend on how macroeconomic conditions evolve and whether investor confidence continues to build over the coming weeks,” added Sahay.

“For now, this looks more like the market responding to an improving backdrop than a definitive shift in direction.”

Improving Market Factors Another expert named Julio Moreno offered a perspective that focused on market factors, stating that “Both speculative and spot demand are contracting at much less aggressive levels than last month.”

The chart below helps depict this development:

Bitcoin spot and perpetual futures demand

CryptoQuant

Moreno, head of research for CryptoQuant, added via Telegram that this time of the year may be particularly beneficial for the digital currency, stating that “Positive seasonal factors may support prices during July.”

He noted that “Over the past ten years, July has been one of Bitcoin’s more reliably positive months, closing higher in most years shown. The effect is pronounced in down-cycles: in the bear-market years of 2018 and 2022, Bitcoin rallied roughly +20% and +17% in July even as the broader trend stayed weak.”

The chart below illustrates this activity:

Bitcoin's monthly returns between 2016 and 2026

CryptoQuant

Short-Term Outlook Tim Enneking, managing partner of Psalion, offered some input on the price movements of the world’s most valuable digital currency, as well as a short-term outlook.

“BTC continues to struggle to put in a bottom,” he noted via email.

“The channel of lower highs and lower lows continues, although the lows are dropping less each time. (For instance, the most recent on 30 June was only just over $300 lower than the prior low on 25 June.)”

“Against that background, the recent move up to almost $65k is not material,” the analyst added. “However, crossing $65.6k would result in a ‘higher high’ relative to the level hit on 22 June and could be meaningful.”

“Of course, to be convincing, BTC would have to take out the $67.3k lower high hit on 15 June,” he emphasized.

Rep. French Hill wants a deadline. 

One year after the House passed the Digital Asset Market CLARITY Act, the Arkansas Republican who chairs the House Financial Services Committee used a Fox Business interview with anchor Maria Bartiromo to press Senate leaders for a floor vote before the August recess.

“I’ve encouraged Senate leadership to put it on the floor,” Hill said. “I think if you schedule a floor date here in the month of July, that will cause these final meetings, these final discussions to take place. You’ve got to have a deadline in Congress to get people to move and find consensus.” 

Hill thanked Senators Kirsten Gillibrand, Cynthia Lummis, John Boozman and Tim Scott for working toward a deal, and pointed to the 78 Democrats who backed the House measure a year ago.

Hill’s central argument is that the CLARITY Act would resolve the ethics concerns now used to block it, rather than deepen them. 

Critics point to President Trump’s crypto ventures, including $TRUMP meme coin licensing and World Liberty Financial token sales, which a July 1 financial disclosure tied to about $1.4 billion in 2025 income. 

Hill contends a market framework offers the transparency those critics want. 

“If we passed the CLARITY Act last summer, many of the things that people are expressing concern about — meme coin issuance, co-investment, use of exchange, investing in exchanges — all that would be under a market framework of regulation with clarity, no pun intended, and that would provide a lot of transparency to people that are concerned about the Trump family’s investments,” he said.

JUST IN: 🇺🇸 Congressman French Hill says lawmakers are going to have a field hearing for the Clarity Act in New York next week 👀

"We’ve got to get this market framework in place to be combined with the GENIUS Act" 🚀 pic.twitter.com/F1b9QpSdQT

— Bitcoin Magazine (@BitcoinMagazine) July 10, 2026 Clarity Act pairs with the GENIUS Act Hill framed the bill as the missing half of a system that pairs it with the GENIUS Act, the stablecoin law enacted last year. 

“Stablecoin is like a cell phone not connected to a cell phone network,” he said, “and the market framework is in fact that network that we need.” To keep the pressure on, Hill plans a field hearing in New York next week, led by digital assets subcommittee chair Rep. Bryan Steil, to make the case for a market structure.

His push drew support from two other voices in the same Bartiromo appearance. CFTC Chairman Michael Selig warned of “mission creep beyond what’s really critical here” and cautioned that a stalled bill leaves the rules to regulators. 

Coinbase Vice Chair Ryan VanGrack, a former SEC official, described the measure as “on the one-yard line,” with senators from both parties “working around the clock to get this across the finish line.”

JUST IN: 🇺🇸 Coinbase Vice Chair says Clarity Act has bipartisan support 👀

"Democratic and Republican senators are working around the clock to get this across the finish line." 🚀 pic.twitter.com/OvKPU3SHuC

— Bitcoin Magazine (@BitcoinMagazine) July 10, 2026 The Senate returns July 13 with about three weeks before recess. Prediction market Polymarket prices Clarity Act 2026 passage near 39%, a fall from the prior month’s 74%.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

Japan’s Finance Minister Satsuki Katayama announced at the Open QUICK 2026 seminar, organized by leading financial information provider QUICK on July 10, that the government is progressing as scheduled in the process to legalize crypto asset exchange-traded funds (ETFs) in the country. This development follows growing international interest in similar financial products abroad.

Regulatory shift for crypto assetsRecently, Japan’s House of Representatives approved a regulatory change transferring the oversight of spot crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act. This move paves the way for crypto assets to be classified as fully regulated financial products, aligning their legal framework more closely with that of equities and bonds.

Finance Minister Satsuki Katayama confirmed that the government is proceeding with the legalization of crypto asset ETFs as originally intended.

The new regulation strengthens the legal basis for crypto asset ETFs to be listed and traded on Japanese exchanges. Under the current timetable, these products may begin trading on Japan’s markets as early as next year.

SBI develops two innovative fund offeringsIn May, SBI Holdings announced the launch of a new crypto asset ETF. The company’s plans include a dual-asset ETF structure that will provide investors with regulated access to both Bitcoin and XRP. As one of Japan’s largest financial groups, SBI operates across banking, brokerage, and asset management services.

In addition, SBI proposed a hybrid investment fund bringing together gold-based ETFs and crypto asset ETFs. In this structure, 51% of the portfolio would be allocated to gold ETFs, while the remaining 49% would be dedicated to crypto assets such as Bitcoin ETFs. This approach targets more cautious institutional and retail investors seeking diversified exposure.

ProductContentTarget audienceDual-asset ETFBitcoin and XRPInvestors seeking regulated crypto accessHybrid fund51% gold-based ETF, 49% crypto asset ETFMore cautious institutional and retail investorsAmbitious asset growth and competitionSBI aims to reach approximately 5 trillion yen, equivalent to $32 billion in assets under management, within three years of launching these products. This target represents a bold step for crypto-themed investment products within Japan’s financial sector and signals significant anticipated demand.

The company also hopes to secure an early market advantage by moving ahead of major Japanese financial groups such as Nomura and Rakuten Securities. With expanding regulatory clarity, competition in the crypto ETF space in Japan is expected to intensify in the coming period.

Ripple partnership comes to the foreSBI’s inclusion of XRP in its ETF plan aligns with its longstanding corporate partnership with Ripple. Known for its XRP-focused payment solutions, Ripple has established close business relationships in the Japanese market, and this collaboration continues to play a significant strategic role for SBI.

SBI is developing a structure uniting Bitcoin and XRP within the same fund, while also introducing a separate model that combines gold and crypto asset ETFs in a single portfolio.

Through these initiatives, SBI seeks to attract both aggressive crypto investors and more risk-averse clients, offering diverse routes to engage with digital assets under a regulated framework.

Market analysts expect SBI’s pioneering approach and regulatory developments to spur wider adoption of crypto ETFs in Japan, potentially altering the landscape for both institutional and retail participation in the coming years.

As Japan prepares to launch crypto asset ETFs, the convergence of traditional finance and blockchain technology is poised to reshape investment options in the country, with major players vying for leadership in a rapidly evolving sector.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Meanwhile, Ethereum is back at $1,800, SOL is struggling to maintain $80, while XRP has defended the $1.10 support.

It was another eventful week in the cryptocurrency markets, dominated by negative news, but BTC has somehow managed to stay afloat and mark some gains.

Recall that bitcoin began its recovery last weekend after it had dipped below $58,000 earlier that week for the first time in nearly two years. However, it quickly rebounded and reclaimed the $60,000 resistance. It kept climbing on Friday and Saturday and tapped $63,300 before it retreated slightly to $62,500 on Sunday.

Monday started on the right foot, with a surge to $64,000 for the first time in two weeks. However, the largest corporate holder of bitcoin announced its second sale in under two months at that point, resulting in immediate chaos. As this one was a lot more significant, with the company offloading over 3,500 units, BTC’s price reacted with a painful decline to $61,200.

Instead of plunging further as it did after the previous sale in early June, though, the bulls stepped up and drove it north to almost $64,800. Another leg down followed in the middle of the week, and BTC slipped to $61,600 as the US and Iran launched new strikes against each other in the Middle East and the POTUS said the MoU between the two is over.

Nevertheless, bitcoin bounced off again as the two warring countries are reportedly setting up new talks. It jumped to $64,500 minutes ago, showing a 3.5% weekly increase. ETH is up by almost 3% in the same timeframe to $1,800, while ZEC, UNI, and BCH have marked even bigger gains. In contrast, SOL, DOGE, RAIN, and XLM are deep in the red.

Market Data Cryptocurrency Market Overview Weekly July 10. Source: QuantifyCrypto Market Cap: $2.29T | 24H Vol: $61B | BTC Dominance: 56.5%

BTC: $64,450 (+3.5%) | ETH: $1,800 (+2.7%) | XRP: $1.11 (-0.35%)

You may also like: Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In Will $1.4B in Bitcoin Options Expiring Today Move the Market? Bitcoin Is in Deep Value Zone, Yet $53K Drop Cannot Be Ruled Out This Week’s Crypto Headlines You Can’t Miss Why Strategy Selling More Bitcoin May Not Be Bearish After All. Although Strategy’s sale resulted in an immediate nosedive, BTC’s ability to rebound in the following days led to speculation that the move is not as bearish as many thought. This is because it could be a positive step that strengthens confidence in the company’s financial structure.

Ripple (XRP) Scores Major European Win With Full MiCA License. One of the most significant Ripple-related news this week came from Europe as the company received full authorization to operate as a Crypto Asset Service Provider in the Old Continent from Luxembourg’s regulator. This allows it to offer its regulated crypto payments platform throughout the European Economic Area.

Charles Hoskinson Says Ethereum Is Adopting Cardano Ideas Without Credit. Hoskinson accused Ethereum of copying Cardano’s innovations, particularly in UTXO payment models, without proper acknowledgment. Ethereum’s proposal aims to reduce state storage for payments, drawing from Cardano’s long-established concepts.

Solana (SOL) FUD Hits 2026 High: Why It Could Be a Bullish Twist. SOL’s painful decline over the past week led to a large wave of negative comments online and low trading volumes. However, the analysts from Santiment indicated that such environments typically lead to market reversals and more profound rallies.

Analyst Sees Upside for ETH Ahead of Glamsterdam Upgrade. The largest altcoin trades roughly 65% away from its peak, but the upcoming Glamsterdam upgrade could trigger a sharp rebound. Although the social interest remains low, analysts outlined a divergence between steady on-chain usage and weak social media presence that often leads to major price changes.

Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach. The former bitcoin miner accumulated another 42,197 ETH over the previous week and now controls roughly 4.8% of the asset’s circulating supply. Although its unrealized losses are still well into the billions of dollars, it continues to stake more ETH and expects over $200 million in annualized staking rewards.

Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.

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Spot Bitcoin ETFs hemorrhaged $95.3 million on July 9, marking one of the sharper single-day outflow events in recent weeks. Ethereum ETFs were not spared either. They snapped a five-day streak of net inflows with $52.08 million in redemptions, according to data from WuBlockchain.

The numbers caught market participants off guard. Bitcoin ETFs had been absorbing capital in uneven pulses, but a near $100 million exit in a single session resets the conversation about institutional conviction. Ethereum products, meanwhile, had quietly built momentum over five consecutive sessions before the spigot reversed.

Where the Money Went July 9’s outflows did not arrive with a single catalyst. Traders pointed to a cocktail of macro caution and profit-taking after Bitcoin failed to reclaim a key technical level earlier in the week. The ETF complex often acts as a sentiment gauge, and days where spot prices stall or slip tend to correlate with redemptions. This time, the scale of the Bitcoin ETF drawdown suggests more than just routine rebalancing.

On-chain fundamentals paint a different picture. Developer activity across major blockchains remains robust, as a recent ranking of blockchains by developer activity shows. While ETF products track price, the underlying networks continue to ship code. That divergence rarely resolves quickly, but it reinforces the view that ETF flows are a narrow slice of crypto’s health.

Ethereum’s Streak Breaks Ethereum ETFs had strung together five days of net inflows before July 9, a welcome change after a tepid post-launch period for many of these vehicles. The $52 million outflow halts that progress. Whether the streak was driven by genuine conviction or tactical positioning remains an open question. Short-term traders may have used the products to play momentum, and once Ethereum’s price stalled near a local resistance, the exit door swung open.

The break in the streak also arrives amid a tense regulatory moment. Banking interests are mobilizing to water down or kill one of the most consequential crypto bills in U.S. history, and that kind of Washington uncertainty often feeds into ETF hesitancy. Institutions do not like binary outcomes, and a high-stakes Senate vote looming on the calendar can turn flow positive to flow negative fast.

What the Outflows Signal One day of heavy outflows does not a trend make, but it does reset the near-term liquidity picture. Market makers and authorized participants watch these numbers closely. A string of redemptions forces them to shed underlying Bitcoin and Ether, potentially adding selling pressure to spot markets. The July 9 figures were not catastrophic, but they were large enough to shift the narrative from steady accumulation to guarded distribution.

Broader institutional behavior complicates the story. While spot ETFs were shedding assets, the tokenization sector continues to attract capital. A weekly tokenization roundup showed real-world assets crossing $20 billion on-chain and major financial firms settling trades on blockchain rails. That suggests institutional money is not leaving crypto, it is simply choosing different wrappers. The ETF product is no longer the only game in town for regulated exposure.

What comes next depends on whether the outflows were a one-off reaction to stalled price action or the start of a broader risk-off posture. The next few sessions will matter. If Bitcoin and Ethereum ETFs fail to reclaim inflows quickly, July could turn into a month where cautious positioning overrides the buy-the-dip mentality that has propped up these products for much of the year.

AUTHOR

Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.

Crypto giant Circle is rebuffing efforts to help scam victims, law enforcement officials say.

According to a report by the International Consortium of Investigative Journalists (ICIJ), the issuer of the USDC stablecoin is allegedly declining to cooperate in assisting scam victims recover their funds. The ICIJ report says some unnamed law enforcement officials are raising alarms due to instances of Circle refusing to freeze or recover assets suspected to have been proceeds of scams.

In a county in southeastern Wisconsin, state prosecutors recently filed a criminal complaint against Circle, alleging that the stablecoin issuer refused to comply with a warrant ordering it to recover a scam victim’s stolen assets. Circle in response argued that the complaint should be dismissed while reportedly branding it meritless.

Milwaukee County’s police detective Scott Simons says he’s witnessed over a dozen instances around the US where Circle either refused a request from law enforcement to freeze victim funds or where a court order intended to force Circle to freeze victim funds failed because it was received too late.

Additionally, New York prosecutors have also claimed in a letter to Congress that Circle failed to honor court orders seeking to reimburse victims, according to the report. The letter says,

“Circle’s motive for not assisting law enforcement becomes crystal clear: it is financially preferable to only freeze cryptocurrency deemed to have been stolen, but not return the underlying asset to law enforcement or any fraud victim, because Circle can continue to collect the interest through investment of the underlying funds.”

3 Altcoins That Could Reach All-Time Highs This Weekend, July 11-12

@Grayscale has assigned $XRP a single, defining identity: global payments. In a breakdown of what each major crypto asset is actually built for, the world's largest digital asset manager gave Bitcoin the "digital money" label, Ethereum the "world computer" designation, and Solana "high performance." XRP got global payments.

It is a pointed classification. Rather than grouping $XRP alongside smart contract platforms or store-of-value assets, Grayscale has placed it squarely in the cross-border settlement lane, the very use case Ripple has been pushing since the company was founded in 2012.

A Utility Case, Not a Speculation Story Grayscale has categorised $XRP under the "Global Payments" investment narrative, highlighting its role in cross-border payments and digital financial infrastructure. The framing matters because it moves the conversation away from price speculation and toward institutional utility, which is where Ripple has long argued XRP belongs.

XRP focuses on fast, low-cost cross-border payments for financial institutions. Regulatory clarity in the United States has meaningfully boosted its utility and adoption potential. As a result, banks and payment providers increasingly view it as viable settlement infrastructure.

There is a broader narrative developing around XRP as one of the few cryptocurrencies with a clearly identifiable real-world use case. While many digital assets remain heavily dependent on speculation or meme-driven momentum, XRP's value proposition is directly linked to cross-border settlement and liquidity management.

Institutional Adoption Already UnderwayThe Grayscale label arrives as real-world adoption continues to build. XRP now underpins cross-border payments for over 300 institutions in 45 countries, with Ripple's RLUSD stablecoin and BNY Mellon custody deepening institutional adoption.

XRP operates on the XRP Ledger, known for its speed, with transactions finalising in three to five seconds. If a business wants to pay a supplier abroad, dollars are converted into XRP, sent across the globe in seconds, and converted into the destination currency on the other end.

Grayscale's GXRP product allows investors to gain exposure to XRP directly in investment accounts, alongside traditional assets, and is built and managed by Grayscale, the world's largest digital asset-focused investment platform with over a decade of experience operating crypto investment vehicles.

For $XRP, the Grayscale classification is less a revelation than a formal endorsement of the argument its backers have always made. One of the biggest names in institutional crypto asset management is now saying it out loud: XRP is a payments asset, not a speculative one.

Sources
Grayscale XRP Trust ETF (GXRP) - Grayscale
XRP in 2026: Ripple, ETFs, Regulation and Institutional Growth - IG International
Grayscale Names 8 Crypto With Key Narratives Right Now - BeInCrypto

10h05 ▪ 7 min read ▪ by Ariela R.

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Facing profitability under pressure since the last halving in April 2024, bitcoin mining companies have made a strategic pivot towards AI. Enough to excite Wall Street. However, a report from Blocksbridge Consulting published on July 9, 2026, paints an alarming reality. It highlights massive stock sales by executives and board members of some companies. More details in the following paragraphs!

In Brief Bitcoin miners accelerate their diversification towards AI infrastructures to offset the drop in mining profitability after the halving. Several mining company executives sold shares after the rise in BTC prices. The current situation fuels questions about corporate governance and investor confidence. An industrial pivot forced by the realities of the Bitcoin network At the end of 2025, the global Bitcoin network hashrate had reached a historic peak of 1,160 EH/s. This intensified competition. According to sector reports from CoinShares, the weighted average cost to validate a single BTC was about $80,000 in Q4 2025 for publicly listed entities. Result: 15 to 20% of the global fleet of obsolete ASIC machines were forced to operate at a loss.

To improve their cash flows, major players in bitcoin mining chose to convert their energy capacities to power supercomputers. A striking example: the signing of a 20-year lease contract between TeraWulf and Anthropic. The deal is valued at nearly $19 billion.

For many, this diversification attests to the transformation of the BTC mining industry’s business model. Some analysts nonetheless raise a fundamental point: this requires significant capital. This explains why many firms have had to liquidate their own bitcoin reserves. This is notably the case for Marathon Digital Holdings (MARA), which sold more than 15,000 BTC from its institutional treasury. The latest bitcoin sale dates back to April 2026.

Bitcoin and insider sales: the TeraWulf case closely scrutinized by crypto investors On June 29, Beowulf E&D Holdings, an entity managed by CEO Paul Prager, declared the sale of 275,000 TeraWulf shares. The weighted average price stands at $26.596. This represents about $7.3 million in gross proceeds. This operation attracts particular attention as it occurs one week before the announcement of a 20-year lease with Anthropic for AI infrastructure.

According to data, Prager and his entity have sold a total of about 1.59 million bitcoin-linked shares since the end of March. This equals approximately $32.7 million, with an average price of about $20.55.

On July 6, TeraWulf confirms its lease with Anthropic. According to the official press release, it is expected to generate nearly $19 billion in contractual revenue on 401 megawatts of critical load. At the same time, the company sold its 50.1% stake in the Abernathy joint venture for about $450 million.

The TeraWulf case is not isolated in the bitcoin miners universe engaged in AI CEO of Cipher Digital, Tyler Page, filed a transfer request for 112,500 shares worth $2.38 million on July 8. This action is part of a Rule 10b5-1 plan adopted in December 2025.

At Riot Platforms, CEO Jason Les sold:

175,000 shares for $4.2 million in May; an additional 250,000 shares for $7.03 million on June 22. As for Core Scientific, its legal officer sold 140,000 shares for $3 million on July 6. This brings his total sales to about 260,000 shares and $5.9 million.

That’s not all! At Hut 8, a director also sold 20,000 shares on May 21 for about $2 million. Admittedly, these transactions were executed under pre-established plans, but they still fuel doubt about the alignment between bitcoin mining executives and public shareholders.

The bitcoin mining sector faces another major challenge An analysis by VanEck published on June 16 estimates the short-term funding deficit at about $50 billion. However, this figure could rise to $221 billion to cover all future AI infrastructure needs.

Source: VanEck Research To bridge this gap, bitcoin miners have three options:

dilute shareholders through new share issuances; incur debt in a still high interest rate environment; sell part of their bitcoin reserves. Some have already started liquidating positions. If projections hold, AI could represent up to 70% of some bitcoin miners’ revenues by the end of 2026. Raising questions about the future role of BTC mining in their business model.

Bitcoin and governance: the IREN case and the question of stock tokens On June 30, the board of the former bitcoin miner turned AI cloud actor IREN approved the grant of over 18 million free shares in total to its two co-CEOs, William and Daniel Roberts, over a combined lock-up period of six years. The company assures that no other grants will be made before 2031.

The decision is not unanimous within the crypto community. Many point to the extent of dilution for bitcoin mining shareholders. Yet, IREN’s AI strategy has not yet proven sustainable profitability. Result: the stock price has fallen considerably.

What consequences for investors? For holders of shares linked to bitcoin mining, three points deserve particular attention:

the recurrence of insider sales during uptrends, an indicator of confidence; the method chosen to bridge the funding gap identified by VanEck; the real economics of signed contracts, beyond announcement figures. Dilution, debt or bitcoin sale? Each option will have a different impact on shareholder value.

Tether, for example, reduced its exposure to Bitdeer after increasing it during a market dip. This illustrates growing caution among strategic investors regarding AI-version bitcoin. If miners continue selling their reserves to finance AI infrastructure, this would indeed remove a historical buying pressure source from the bitcoin market.

Anyway, the technological transformation of bitcoin mining companies towards artificial intelligence is redefining industry standards. The current debate on governance and gain allocation could extend throughout the AI-backed crypto ecosystem.

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Ariela R.

My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Zcash price moved above $500 as buyers responded to confirmation of the Ironwood network upgrade. ZEC gained 7% to $502.30 within 24 hours and extended its weekly rise to 10%. Stronger derivatives activity supported the move. Meanwhile, a breakout above key moving averages reinforced bullish momentum. 

Ironwood Upgrade Strengthens Zcash Network Ironwood upgrade will go live on 28 July 2026 with block 3,428,143. Zcash core developer, Sean Bowe, affirmed that the key players in the Zcash ecosystem supported it.

The upgrade is based on the identification of a severe vulnerability in the Orchard shielded pool in May. The vulnerability theoretically would enable counterfeit ZEC tokens to be introduced into the circulation undetected.

LATEST: ⚡ Zcash developers say they’re nearing a mathematical proof that the upcoming Ironwood shielded pool has no hidden counterfeiting bugs. pic.twitter.com/5AmpKYSOEz

— CoinMarketCap (@CoinMarketCap) July 8, 2026

Orchard will be permanently retired by developers, and no further transactions will be allowed to enter the affected pool. It will be substituted with a redesigned shielded pool that has stronger security provisions.

The new design will comprise of formal verification, external security measurements and quantum-resistant note designs. These actions are set to defend the integrity of supply and enhance trust in private dealings.

Crypto Market Recovery Supports ZEC Price The crypto market value soared by 2.25% within 24 hours to approximately 2.2 trillion. 

Bitcoin price rose above $64,000 to extend its recovery, which boosted the mood in key digital assets. Ether price also trended towards its 50-day average around $1,800.

A confirmed Ethereum breakout at such a level may aid in futher gains throughout the market. XRP traded around $1.10, having held support at $1.09.

The broader recovery provided ZEC traders with more confidence ahead of the Ironwood activation. Nonetheless, above $500 is significant to sustain the existing bullish formation.

ZEC Open Interest Surges 27.32% to Reach $1.02 Billion Zcash derivatives trading activity increased as traders got more exposure before the Ironwood network upgrade.

The trading volume increased by 49% to $1.98 billion, indicating significant participation in the short-term market.

Open interest Open interest also rose 27% to $1.02 billion with additional positions outstanding in futures markets.

The cumulative rise indicates higher trader interest as the market players track the recent price surge of ZEC.

However, rising leveraged positions could increase volatility as Zcash approaches important resistance levels.

How High Can Zcash Price Go in July 2026? At the time of writing, the ZEC price surged to $509, gaining 7% on the four-hour chart.

Zcash price is also trading within an uptrending channel, which serves to sustain the prevailing bullish price setup.

The chart shows Zcash price reclaiming the $500 resistance zone after several failed attempts earlier this month. A four-hour close above the level of $510 may reinforce the breakout and invite additional buying.

Tradingview The Relative Strength Index is at 69, and ZEC is approaching overbought.  Meanwhile, the MACD line remains above its signal line, while the histogram has turned positive. 

The upper limit of the channel is close to the level of $525, forming the first short-term goal of the sellers. A decisive break beyond that point would reveal the more formidable area of resistance at $550.

With the momentum solid, the Zcash price would possibly test later against $600 as the next psychological target.