Bitcoin trades near $63,812.96, up 1.73%, staying resilient after a volatile start to August.
Hyperliquid led major gainers with a 4.03% daily jump, extending its strong weekly run.
US spot Bitcoin ETFs posted weekly outflows, while Ethereum funds extended a four-week inflow streak.
Bitcoin held firm above $63,800 on Tuesday. The token shrugged off a choppy start to August. Spot Bitcoin ETFs snapped a three-week inflow streak with $61.53 million in net outflows. A firmware flaw tied to Coldcard wallets kept custody worries alive across desks.
Hyperliquid outpaced the broader altcoin market through the session. The Federal Reserve's hawkish hold lifted September rate hike odds past 60%. The CLARITY Act stays parked on the Senate calendar ahead of recess. Traders now watch Friday's jobs report for fresh direction.
Bitcoin traded at $63,812.96, up 1.73% over the past 24 hours. This figure reflects live CoinMarketCap data tracked through today's session. Its market cap stands near $1.28 trillion. Trading volume over 24 hours reached $26.81 billion. Price action stays tied to ETF flows, custody worries, and Fed rate expectations.
Here are today's insights from leading crypto market analysts on Bitcoin's structure and the broader macro setup.
Akshat Siddhant, Lead Quant Analyst at Mudrex, said Bitcoin traded in the $63,000-$64,000 range. Investors stood cautious amid growing macro uncertainty this week. A stronger yen, backed by an estimated $59 billion in intervention, has sped up carry trade unwinding.
He further mentioned, Two of Bitcoin's three major corrections this year came during similar yen strength phases. Selling pressure also rose after Strategy sold 1,638 BTC, its second largest sale this year. Bitcoin needs to reclaim $65,000 to lift sentiment, while $60,000 stands as major support.
According to CoinSwitch Markets Desk, BTC approached $64,000 after the ISM Manufacturing PMI rose to 55.6. That reading marked its highest level since 2022. Readings above 50 signal expansion, while stronger levels point to improving business activity.
By continuing their statement, they further stated, Sustained ISM readings above 55 have historically coincided with strong altcoin performance. An altcoin season could develop further if broader liquidity conditions improve alongside this trend. Near term, $64,000 stands as resistance, while $63,000 remains key support.
Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin holds between $63,500 and $64,000. Global equities climbed higher after easing US-Iran tensions pushed crude oil lower. Stronger US manufacturing data has strengthened the case for the Fed to stay tight.
She further said that, Bitcoin needs to break and hold above $64,250 to improve momentum. Immediate support sits near $62,300. ETH is defending the $1,820-$1,845 zone, while institutional demand stays weak on softer derivatives activity.
Vikram Subburaj, CEO of Giottus, placed Bitcoin near $63,700, up about 0.9%. Lower oil prices and improving global risk sentiment support the market this week.
Weak spot demand and inconsistent ETF flows still cap the recovery. Bitcoin held immediate support near $63,000, with resistance building around $64,000 to $64,100. Large-cap altcoins traded mixed, with BNB, XRP, Solana, and TRON posting modest gains.
Also Read: Bitcoin Price Rebounds to $63,500 After Trump Pauses Iran Strike Plans
Nischal Shetty, founder of WazirX, said Bitcoin gained 0.47% to around $63,602. Ethereum rose 0.34% over the same session today. American Bitcoin reported record quarterly production of 932 BTC, expanding its reserve past 8,000 BTC.
Nischal further said Ethereum's Glamsterdam upgrade, planned for later this year, will focus on parallel processing and higher block capacity. Bitcoin futures traders could watch the $63,750-$64,300 recovery zone, with $63,000 as the nearest support.
Based on live CoinMarketCap data as of today's session.
| Rank | Name | Price | 24h % | 7d % | Market Cap | Volume (24h) |
|---|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $63,812.96 | 0.0173 | 0.006 | $1.28T | $26.81B |
| 2 | Ethereum (ETH) | $1,864.34 | 0.0053 | 0.0107 | $224.99B | $8.03B |
| 3 | Tether (USDT) | $0.9990 | 0.0004 | 0.0001 | $183.10B | $50.02B |
| 4 | BNB (BNB) | $589.99 | 0.0126 | 0.0433 | $78.56B | $1.00B |
| 5 | USDC (USDC) | $0.9998 | 0.0001 | 0 | $72.07B | $9.06B |
| 6 | XRP (XRP) | $1.07 | 0.0055 | 0.017 | $67.31B | $1.05B |
| 7 | Solana (SOL) | $73.71 | 0.0118 | 0.0044 | $42.84B | $1.51B |
| 8 | TRON (TRX) | $0.3289 | 0.0096 | 0.0145 | $31.21B | $450.79M |
| 9 | Hyperliquid (HYPE) | $54.51 | 0.0403 | 0.031 | $13.76B | $292.64M |
| 10 | Dogecoin (DOGE) | $0.07042 | 0.0085 | 0.0058 | $12.04B | $470.52M |
Biggest Gainers: HYPE, BNB, TRX
Hyperliquid led the board today with a gain above 4%. BNB and TRON also posted solid daily gains near 1%. Institutional flows into altcoin ETFs picked up pace this week.
Biggest Losers: Stablecoins Stay Flat
Tether and USDC barely moved through the session today. Ethereum and Solana posted only modest daily gains overall. Risk appetite stays selective rather than broad across the altcoin market.
Custody concerns and stalled legislation continued to steer sentiment across trading desks today. Mixed ETF flow data and fresh macro signals added further context.
A firmware bug tied to Coldcard hardware wallets has been linked to nearly $70 million in stolen Bitcoin this month. CEO Rodolfo Novak apologized publicly and confirmed the company's review process failed to catch the flaw before its release to customers.
Emergency firmware has since rolled out across every affected model, including the Mk3, Mk4, Mk5, and Coldcard Q devices. Updating the firmware alone does not secure old funds, so affected holders must generate a fresh recovery phrase and migrate.
Also Read: Coldcard Bitcoin Sweeps Hit $114 Million as Rescue Window Opens
US spot Bitcoin ETFs recorded $61.53 million in net outflows for the week ending July 31, ending a three-week inflow run. The reversal followed a sharp single-day withdrawal on the final trading day of July, led largely by BlackRock's IBIT fund.
Spot Ether ETFs extended their winning streak to four weeks, drawing $27.42 million in fresh capital over the same period. Spot XRP ETFs attracted $14.86 million in weekly inflows, while Hyperliquid ETFs saw modest outflows.
The Federal Reserve held rates steady this week, but the vote split 9-3 as three officials favored an increase. The hawkish tone lifted September rate hike odds above 60%, adding fresh pressure on risk assets broadly across markets.
Traders now weigh this split alongside stronger manufacturing data released this week. A firmer policy stance could keep liquidity conditions tighter for digital assets through the coming weeks, analysts said.
The Digital Asset Market Clarity Act remains stalled on the Senate calendar this week. The chamber's summer recess is set to begin around August 7, narrowing the bill's legislative window further.
Democrats are pushing for tougher ethics language before granting their support to the bill. Disputes center on provisions meant to limit the president's ability to profit from the crypto industry his administration regulates.
Strategy offloaded 1,638 BTC recently, marking its second largest single sale of the year so far. The move signals reduced institutional exposure at a time when broader market sentiment already stays cautious.
Analysts said the sale adds near term selling pressure on Bitcoin's price action. It also highlights how corporate treasury strategies are adjusting to a choppier macro backdrop heading into September.
The US ISM Manufacturing PMI rose to 55.6 in July, marking its highest reading since 2022. The figure points to resilient economic activity while reducing expectations of near term Federal Reserve rate cuts.
Historically, sustained ISM readings above 55 have coincided with stronger altcoin performance across the market. Traders now await fresh labor data and further developments in the Middle East for direction.
Bitcoin holds above $63,800 as traders weigh ETF outflows against a hawkish Fed hold and stalled CLARITY Act. A close above $64,250 could open a path toward stronger $65,000 resistance. A slip below $62,300 risks exposing deeper support closer to $60,000.
Hyperliquid and Ethereum remain the most sensitive names to shifts in institutional risk appetite. Bitcoin's next moves hinge on ETF flows, Fed rate signals, and Friday's jobs report. The Senate recess deadline and upcoming inflation data stand as this week's defining catalysts.
What is the Bitcoin price today?
Bitcoin trades near $63,812.96, up 1.73% over the past 24 hours, holding firm above $63,800. Support sits near $62,300, while resistance builds between $64,250 and $65,000 through the coming sessions this week, according to current analyst levels.
Why did Bitcoin ETFs see outflows this week?
US spot Bitcoin ETFs recorded $61.53 million in net outflows for the week ending July 31, ending a three week inflow streak. The reversal followed a sharp single day outflow on the final trading day of July, led by BlackRock's IBIT fund.
What is the biggest crypto news today?
The Coldcard wallet firmware flaw and the Federal Reserve's hawkish 9-3 hold are shaping sentiment today. The stalled CLARITY Act ahead of the Senate recess and Strategy's large BTC sale add further caution across trading desks this week.
Which coins are performing best today?
Hyperliquid leads daily gains with a rise above 4%, followed by BNB and TRON with steady climbs near 1%. Stablecoins stayed largely flat through today's session, reflecting selective rather than broad based altcoin strength.
What should investors watch this week?
Track Friday's US jobs report, the Senate's August recess deadline, and upcoming inflation data closely this week. Bitcoin ETF flow trends and the Fed's September rate decision could also shift near term positioning across the market.
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