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Bitcoin trades near $63,251, up 5.91% over the past week, as spot ETF inflows return after June's record outflows.
Hyperliquid and BNB lead gainers today, while the CLARITY Act misses its symbolic July 4 signing deadline in the Senate.
The Fear and Greed Index sits at 28, still cautious but improving from June's extreme fear reading of 18.
Bitcoin has managed to get out of June's 21-month low and is now trading with renewed steadiness this week. The token spent most of last month trapped below $62,000 as spot ETF redemptions topped $4.5 billion, the worst monthly outflow since the funds launched. That pressure has eased in early July, with fresh inflows returning and buyers defending the $60,000 zone.
Markets are now balancing two competing stories. On one side, ETF flows are turning positive again and Bitcoin dominance sits near 58%. On the other side, the CLARITY Act has missed its White House-targeted July 4 deadline, and Senate cloture math remains unresolved. Traders are treating this week as a test of whether July becomes a genuine recovery month or another false start.
Bitcoin is trading near $63,251.48, up 0.68% over 24 hours and 5.91% higher on the week. The token has reclaimed ground above its late-June lows near $58,000. Market cap sits around $1.26 trillion, with 24-hour volume near $19.28 billion.
Speaking about the prevailing market dynamics, Akshat Siddhant, Lead Quant Analyst at Mudrex, said: "Bitcoin climbed sharply over the weekend as thin liquidity during the holiday period amplified buying activity. Sentiment improved after spot ETFs attracted $224 million in net inflows, ending a six-day outflow streak.
He further noted, Bitcoin's realized profit-and-loss ratio dropped to its lowest level in 43 months, a metric that has historically marked major bottoms. Mondays have stayed weak recently, so a failure to hold $64,000 could send BTC back toward $60,500."
Meanwhile, Riya Sehgal, Research Analyst at Delta Exchange, added: "Bitcoin's rebound has been supported by short covering and a weaker dollar after oil prices eased. US spot Bitcoin ETFs saw $223.5 million in net inflows on July 2, reversing the prior day's $296 million outflow.
She further mentioned, Ethereum ETFs logged a second straight positive day. BTC stays capped below its 200 EMA near $63,920, making $64,000 the key breakout level."
Also Read: Is the Bitcoin Halving Cycle Still Relevant in 2026 and Beyond?
According to the CoinSwitch Markets Desk: "BTC is holding near its highest level in two weeks after a modest bounce, but it has struggled below this zone for weeks. The Fed releases its meeting notes soon, and a hawkish tone could pressure prices again. Wednesday's Fed update remains the one to watch."
Let's take a look at the top crypto prices today, based on CoinMarketCap data as of July 6.
Biggest Gainers: Hyperliquid, BNB
Hyperliquid leads the top ten with a 3.71% gain, extending its strong July run on rising on-chain trading volume. BNB follows with a 2.25% advance, supported by steady exchange activity and improving altcoin sentiment.
Biggest Losers: Solana, XRP
Solana lags the group with a modest 0.13% gain, weighed down by weaker on-chain activity and falling total value locked. XRP also underperforms at 0.48%, as traders stay cautious ahead of the CLARITY Act's uncertain Senate path.
Spot Bitcoin ETFs recorded $223.5 million in net inflows this week, reversing a prior single-day outflow of nearly $300 million. Spot Ethereum ETFs also logged a second straight day of positive flows, signaling improving institutional appetite after June's record redemptions.
The White House had targeted July 4 for signing the CLARITY Act into law. Senate cloture math remains short of the 60 votes needed, and prediction markets have trimmed 2026 passage odds. A House Financial Services Committee hearing is expected later this month.
Binance founder Changpeng Zhao suggested Satoshi Nakamoto's estimated 1.1 million BTC should be frozen before quantum computing advances threaten old wallets. The proposal has split the community, with critics calling it a violation of Bitcoin's core neutrality principle.
Security researchers identified a critical flaw in the Aptos blockchain that could have exposed roughly $70 billion in crypto assets. The bug has since been patched, and the disclosure has renewed attention on smart contract audits across major chains.
Also Read: Crypto News Today: Binance Sees $213M USDT Inflow as Traders Watch Market Signals
Bitcoin enters the second week of July in a cautiously improving position. The Fear and Greed Index sits at 28, still guarded but well above June's extreme fear reading of 18. ETF inflows are returning, though a sustained move above $64,000 remains the key confirmation traders want before calling a firm bottom.
The macro calendar stays active this week, with Fed meeting notes due and the CLARITY Act's Senate path still unresolved. Investors should track daily ETF flow data, Bitcoin's ability to hold above $60,500, and any fresh signal on the July 29 FOMC decision. Avoiding excess leverage remains the practical priority until $64,000 is reclaimed with volume.
What is the Bitcoin price today?
Bitcoin is trading near $63,251.48 today, up 0.68% over the past 24 hours and 5.91% higher on the week. Support holds near $60,500, while resistance sits at $64,000, the level bulls need to reclaim.
Why is Bitcoin recovering in July 2026?
Spot Bitcoin ETFs snapped a six-day outflow streak after fresh inflows arrived this week, easing the selling pressure that pushed BTC to a 21-month low in June. Improving on-chain metrics have also supported the bounce.
What is the biggest crypto news today?
The CLARITY Act missing its symbolic July 4 signing deadline, returning spot ETF inflows across Bitcoin and Ethereum, and the resurfacing debate over freezing Satoshi Nakamoto's dormant wallet are the top stories driving sentiment today.
Which coins are gaining the most today?
Hyperliquid leads the top ten with a 3.71% gain, supported by rising on-chain trading volume. BNB follows closely at 2.25%, while Solana and XRP trail the broader market with smaller single-day moves.
What should crypto investors watch this week?
Monitor daily spot ETF flow data closely, along with any signal from the Fed's upcoming meeting notes. Bitcoin's ability to hold above $60,500 and reclaim $64,000 with strong volume remains the key technical trigger heading into late July.
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