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Bitcoin traded at $62,748, up 0.09% in 24 hours and 5.96% over the week, while analysts identified $64,700 resistance and $61,600 as the key support level.
US spot Bitcoin ETFs recorded a second straight day of $265 million net inflows, led by BlackRock's IBIT, signaling renewed institutional demand after June's outflows.
XRP gained 2.48% after Ripple secured full MiCA compliance across 30 EEA nations, strengthening its regulated crypto payments business across Europe.
Bitcoin is holding steady this week after an extremely low end to June. The asset now trades near $62,748, staying inside a familiar range below $64,000. Spot Bitcoin ETFs have returned to inflow mode after a rough stretch. That shift is giving traders a reason to stay cautiously constructive.
Regulatory headlines are adding fresh weight to the market narrative. Ripple's MiCA clearance strengthens its footprint across Europe's payments landscape. The SEC is also said to be preparing new crypto rules soon. Traders are weighing these gains against thin volume and a still nervous macro backdrop.
Bitcoin trades near $62,748.67, up 0.09% over the past 24 hours. That figure comes from CoinMarketCap data tracked through today's session. The asset remains stuck below its recent resistance band near $64,000.
Weekly momentum still looks healthier than the daily chart suggests. Bitcoin is up 5.96% over the past seven days. Buyers have defended dips well, but upside conviction remains limited for now.
Giving the market overview, Akshat Siddhant, Lead Quant Analyst, Mudrex, said, "Bitcoin is consolidating after failing to sustain a move above the $64,500 resistance. Selling pressure appears to be easing, with spot ETFs recording a second straight day of net inflows worth $265 million. On-chain data shows over 50% of supply held at a loss. For now, $64,700 remains the key resistance, while support has strengthened near $61,600."
Sharing the market commentary on behalf of CoinSwitch, the CoinSwitch Markets Desk noted, "BTC climbed up to $64K, wiping out longs at the bottom and shorts at the top before stalling. The rally hit heavy resistance on the 4-hour and daily charts, hinting the move is running out of steam. A clean close above $64,650 flips it bullish, targeting $65,600 then $67,000."
Also Read: Crypto Market Rally: Why Bitcoin, Ethereum, and XRP are Rising
Meanwhile, Riya Sehgal, Research Analyst, Delta Exchange, added, "Crypto is trading in a risk-off range, not a confirmed breakdown yet. Bitcoin faces supply near $63,850 to $64,000, making this the first resistance zone. On the downside, $62,000 to $62,300 remains key support. Ethereum must hold $1,727 to $1,740 to keep its recovery structure valid."
Let's take a look at the top crypto prices today, based on CoinMarketCap data as of July 8
Biggest Gainers: XRP, DOGE, SOL
XRP leads the top 10 with a 2.48% gain today. Ripple's MiCA compliance news is fueling fresh buying interest. Dogecoin followed with a 2.35% rise on retail demand. Solana added 2.29%, holding steady network activity levels.
Biggest Losers: USDC, USDT, TRON
USDC stayed completely flat, showing zero movement over 24 hours. Tether posted a marginal 0.01% gain, reflecting defensive stablecoin positioning. TRON edged up just 0.12%, lagging behind the broader altcoin rally today.
US spot Bitcoin ETFs logged a second straight day of net inflows this week. BlackRock's IBIT led the buying with over $200 million in fresh capital. The reversal follows a rough outflow stretch that pressured Bitcoin through most of June. Traders now see this shift as an early signal of returning institutional demand.
Ripple can now offer regulated crypto payment services across all 30 EEA nations. The passportable license adds to Ripple's portfolio of more than 75 global approvals. Binance, in contrast, enters the post-transition period without securing similar MiCA clearance after withdrawing its Greek application. This gap could reshape competitive positioning across European crypto payment corridors.
Stablecoin supply contracted sharply through June, marking its steepest monthly decline since the TerraUSD collapse. Tokenized equity volumes moved in the opposite direction, surging 145% to a record $3.86 billion. SpaceX tokens alone captured $1.19 billion of that volume, led by Backpack's SPCX trading pair.
Also Read: Crypto News Today: Bitcoin Inflows, Bonk Declines 8%, and Strategy BTC Sale
Bitcoin holds at $62,748 as ETF flows show early signs of improvement. A close above $64,000 could open room toward $65,600 and beyond. A slip below $61,600 risks exposing the $59,000 support zone again.
Ethereum trades near $1,755, with $1,800 acting as the next resistance test. XRP and Solana continue drawing strength from strong weekly momentum. Altcoin performance today reflects a growing appetite for regulatory-driven narratives.
The coming Fed decision remains the next major catalyst for direction. Ripple's European expansion supports a longer-term adoption story for XRP. Near-term price action stays sensitive to ETF flows and macro data.
1. What is the Bitcoin price today?
Bitcoin trades at $62,748.67, up 0.09% over the past 24 hours. Weekly gains stand at 5.96%. The $64,000 zone remains the key resistance level traders are watching closely for a breakout signal.
2. Why did spot Bitcoin ETFs see inflows again?
ETFs recorded a second straight inflow day worth $265 million, led largely by BlackRock's IBIT fund. This follows a difficult outflow stretch through June, suggesting institutional demand may be gradually returning to the market.
3. What is the biggest crypto news today?
Ripple achieving full MiCA compliance across the European Economic Area stands out as the top story. This regulatory win strengthens Ripple's payment infrastructure and could influence XRP sentiment across European markets significantly.
4. Which coins are outperforming today?
XRP leads with a 2.48% gain, followed by Dogecoin at 2.35% and Solana at 2.29%. XRP's strength ties directly to Ripple's recent regulatory progress across Europe this week.
5. What does Ripple's MiCA compliance mean for XRP?
The license allows Ripple to offer regulated payment services across 30 European nations under one unified framework. It strengthens institutional credibility and could support long-term XRP adoption across the European Economic Area.
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