Bitcoin is trading near $60,677, up 2.63% over the past 24 hours and holding above the $60,000 mark.
Spot Bitcoin ETFs closed June with a record $4.5 billion in outflows, even as long-term holders added 270,000 BTC in two weeks.
Fed Chair Kevin Warsh's remarks on easing inflation and Robinhood's public blockchain launch have both lifted market sentiment.
Bitcoin is starting the second half of the year on a steadier footing. The token slid to a 21-month low of $57,950 earlier this week. It has since clawed back above $60,000, a level that dominated traders’ conversation through most of June.
Market sentiment improved after Fed Chair Kevin Warsh told an ECB forum panel that inflation risks appear to be easing, even as he avoided firm guidance on rate policy. A weaker US dollar and crude oil sliding to a four-month low have also removed some pressure from risk assets.
Robinhood's launch of its own public blockchain added further momentum, pulling fresh attention toward crypto infrastructure plays just as the broader market searched for a positive catalyst.
Bitcoin is changing hands near $60,677, up 2.63% on the day. The move builds on a recovery that began after BTC touched its lowest level in 21 months. Support near $58,000 held through the worst of June's selling, and that floor is now anchoring this bounce.
Traders are watching $61,000 to $62,000 as the next resistance band. A confirmed close above that zone could open room toward $64,000. A slip back under $59,000 would put the $58,000 support back in play.
Giving the market overview, Akshat Siddhant, Lead Quant Analyst at Mudrex, said, "Bitcoin is stabilising near the $60,000 psychological level after rebounding from a 21-month low of $57,950. A weaker U.S. dollar and crude oil prices falling to a four-month low have improved risk sentiment, helping BTC recover. “
He further mentioned, “Although spot Bitcoin ETFs ended June with $4.5 billion in net outflows, long-term holders have absorbed some of the selling pressure, accumulating 270,000 BTC over the past two weeks. Markets are now focused on the upcoming U.S. nonfarm payrolls report, which could influence the Fed's interest rate outlook. A sustained move above $61,000 would strengthen bullish momentum, while $58,300 remains the key support level."
The CoinSwitch Markets Desk added, "BTC reclaimed the key $60K level after dipping to $58K. On the macro side, the US dollar pulled back from its highs, a tailwind for BTC. The long-dollar trade is crowded at +$34.3B, an 18-month high, hinting a dollar reversal may be near. Long-term holders added roughly 270K BTC in two weeks, showing big players are buying the dip. Funding rates stayed positive for three straight days, so traders still lean long. Investors can wait for a confirmed close above $61K before trusting the bounce."
According to Nischal Shetty, founder of WazirX, "Bitcoin has staged a modest recovery and is currently trading around $60,370, holding above the critical $60,000 support zone. Futures traders could be watching the $59,000 to $60,000 range on the downside and $62,000 to $63,000 on the upside.”
Nischal Shetty further said, “For Ethereum, $1,700 remains the next important resistance to watch. Globally, easing inflation expectations have improved sentiment and supported a modest recovery in Bitcoin. Institutional demand remains subdued, though, with continued ETF outflows reflecting a risk-off approach."
Meanwhile, Piyush Walke, Derivatives Research Analyst at Delta Exchange, said, "Bitcoin fell below $60,000 on Wednesday, capping its weakest monthly performance since June 2022. Spot Bitcoin ETFs also saw roughly $4.5 billion in net outflows during June, their poorest month since trading began in January 2024.”
He continued the statement by saying, “Despite the weakness, Bitcoin has formed a potential trend reversal setup that could signal a short-term shift in momentum. A breakout above the $61,800 to $62,000 zone could pave the way toward $64,000 to $66,000. Ethereum trading above $1,600 shows signs of recovery, with a break above $1,630 to $1,670 extending its rebound toward $1,720 to $1,800."
Let's take a look at the top crypto prices today, based on CoinMarketCap data as of July 2
| Name | Price | 24h % | Market Cap | Volume (24h) |
|---|---|---|---|---|
| Bitcoin (BTC) | $60,677.22 | 0.0263 | $1.21T | $39.26B |
| Ethereum (ETH) | $1,630.81 | 0.0244 | $196.81B | $11.39B |
| Tether (USDT) | $0.9986 | 0.0003 | $184.42B | $73.84B |
| BNB (BNB) | $553.21 | 0.0061 | $74.56B | $1.36B |
| USDC (USDC) | $0.9995 | 0.0001 | $73.26B | $11.59B |
| XRP (XRP) | $1.06 | 0.0142 | $66.18B | $1.57B |
| Solana (SOL) | $78.03 | 0.0385 | $45.32B | $3.66B |
| TRON (TRX) | $0.3157 | 0.0029 | $29.94B | $505.02M |
| Hyperliquid (HYPE) | $63.44 | 0.0298 | $16.04B | $552.48M |
| Dogecoin (DOGE) | $0.07291 | 0.0094 | $12.44B | $650.71M |
Biggest Gainers: Solana, Hyperliquid, Bitcoin
Solana leads the top ten with a 3.85% gain, extending its recent run of outperformance. Hyperliquid follows at 2.98%, helped by steady inflows into HYPE-linked funds. Bitcoin itself sits close behind, up 2.63% on easing macro pressure.
Biggest Laggards: TRON, USDC, Tether
Every top ten coin is trading in the green today, so the list of laggards replaces losers. TRON is the weakest mover among the majors, up just 0.29%. The two largest stablecoins, USDC and Tether, stayed near their dollar pegs, as expected.
Now, let’s take a closer look at the top headlines impacting crypto prices today.
Kevin Warsh told an ECB forum panel that inflation pressures appear to be easing. He declined to offer forward guidance on rates.
He described the upcoming July Fed meeting as likely to bring a real internal debate over policy direction. Bond yields stayed elevated after his remarks, with the 10-year Treasury near 4.50%.
US spot Bitcoin ETFs shed roughly $4.5 billion in June, their worst month since launching in January 2024. BlackRock's IBIT absorbed a large share of the redemptions.
XRP and Hyperliquid funds bucked the trend, pulling in $59.4 million and $161 million, respectively. That split suggests investors are growing selective rather than exiting crypto altogether.
Robinhood unveiled Robinhood Chain, a public layer-2 blockchain built on Arbitrum, at a London event this week. The launch brings tokenized stock trading live across more than 120 countries.
A new lending product, Robinhood Earn, is part of the rollout too. Robinhood shares jumped 8% on the announcement.
Also Read: Crypto News Today: FCA Eases UK Crypto Rules as Firms Face Capital and Stress Tests
Strategy Inc. authorized up to $2 billion in buybacks under a new Digital Credit Capital Framework this week. The company is sitting on close to $14 billion in unrealized Bitcoin losses.
Strategy shares still rallied more than 11% alongside the broader crypto rebound. Investors continue watching MSTR as a proxy for institutional conviction in Bitcoin.
Bitcoin enters July with cautious optimism after a historically weak first half. The token fell in both Q1 and Q2, only the third time that has happened since 2018. In the two earlier instances, the second half brought little relief.
July has historically been kind to Bitcoin. The token has closed green in 9 of the last 13 years, with average returns near 7.25%. That seasonal pattern, paired with Warsh's softer tone, leaves room for further upside if ETF flows stabilize.
Investors should track daily ETF flow data from SoSoValue and Treasury yield movement this week. Bitcoin's ability to hold above $60,000 remains the key signal to watch. A confirmed break past $62,000 would strengthen the bullish case, while a slip under $58,000 would revive downside risk toward $55,000.
What is the Bitcoin price today?
Bitcoin is trading near $60,677 today, up about 2.63% over 24 hours. Resistance sits at $61,000 to $62,000, then $64,000 to $66,000. Support holds near $58,000 to $59,000.
Why is Bitcoin recovering in July 2026?
Fed Chair Kevin Warsh's comments on cooling inflation, a weaker dollar, and falling oil prices have improved risk sentiment. Long-term holder accumulation of 270,000 BTC over two weeks has also cushioned selling pressure.
What is the biggest crypto news today?
Robinhood's launch of its public blockchain, Fed Chair Warsh's inflation comments, and the record $4.5 billion June ETF outflow are the top stories shaping sentiment.
Which coins are performing best today?
Solana leads gains at 3.85%, followed by Hyperliquid at 2.98% and Bitcoin at 2.63%. TRON is the weakest mover among the top ten, up just 0.29%.
What should crypto investors watch this week?
Track Thursday's nonfarm payrolls report, daily spot Bitcoin ETF flows, and whether BTC can hold above $60,000. The July 28-29 FOMC meeting is the next major macro catalyst.
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