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Bitcoin breaks above $62,000 as short-term strength builds
Bitcoin has moved above $62,000, touching an intraday high of $62,170 and rising დაახლოებით 0.75% over the past 24 hours.

CoinDesk 20 notches first three-day gain streak since mid-June
Crypto markets are extending gains during the U.S. holiday session, with the CoinDesk 20 Index climbing for a third straight day—its longest streak in weeks. The index is up 1.61% since midnight UTC, bringing its cumulative advance to 7.36%. All constituents are higher, though bitcoin is among the smaller movers, while NEAR leads with a 6.1% jump.

Altcoins are outperforming more broadly. The CoinDesk 80 Index has gained 2.3%, with only a few laggards. Tokens such as Decentraland, SPX6900 and Celestia are posting double-digit gains.

Improving macro backdrop could reverse ETF outflows
Bitcoin ETF flows may turn positive in July as macro headwinds ease, according to Sygnum Bank’s Can-Luca Köymen. Falling oil prices and cooling inflation have reduced pressure on the Federal Reserve to stay aggressive.

A softer tone from policymakers, alongside signs of a weakening labor market, points to lower rate hike expectations. At the same time, on-chain data shows long-term holders returning to accumulation, while large investors continue buying dips—historically a constructive signal.

With bitcoin trading below key long-term averages and prior cycle highs, current levels may be viewed as attractive. Any inflows, however, are expected to be gradual due to seasonal liquidity, with potential upside from regulatory catalysts like the upcoming CLARITY Act hearing.

Bitcoin eyes best week since April but remains below resistance
Bitcoin is on track for its strongest weekly performance since late April, up close to 4% so far. Still, it has logged only three positive weeks in the past ten.

The asset continues to hold above $60,000 support but remains below its 200-week moving average near $62,660, a key resistance level for confirming a broader uptrend.

Bitcoin rebounds as chip-sector momentum cools
Bitcoin is recovering as momentum fades in semiconductor and memory stocks, which had dominated market gains earlier this year.

The Roundhill Memory ETF has dropped about 25% from its late-June peak, while the VanEck Semiconductor ETF is down roughly 12%. In contrast, bitcoin has rebounded from below $58,000 to above $61,000, suggesting a possible rotation of capital back into crypto.

Soft U.S. jobs data boosts bitcoin and precious metals
Weaker-than-expected U.S. employment data has dampened expectations for near-term rate hikes. The economy added just 57,000 jobs in June, missing forecasts.

Markets now expect the Federal Reserve to keep rates steady through September, with a potential hike pushed to October. This shift has supported risk assets, lifting bitcoin above $61,000 alongside gains in gold and silver.

Bitcoin still below critical 200-week trend line
Despite the recent rebound, bitcoin remains under its 200-week simple moving average near $62,660, a level widely seen as a key indicator of long-term trend direction.

While renewed spot ETF demand is supporting prices, a sustained move above this threshold is needed to confirm a stronger bullish phase.

Loss-making supply overtakes profitable holdings
On-chain data shows roughly 10.83 million BTC are now held at a loss, surpassing the 9.22 million in profit—highlighting the depth of the recent correction.

Historically, such crossovers have aligned with periods of capitulation and accumulation by long-term holders. Bitcoin is currently trading near $61,361, posting modest gains but still well below previous highs.

Whether this marks a bottom will depend on follow-through from ETF inflows and further easing in macro conditions.