Bitcoin Reclaims $64K Despite Strategy’s New Sale and Resumed US-Iran Strikes: Weekly Recap

It was one other eventful week within the cryptocurrency markets, dominated by adverse information, however BTC has one way or the other managed to remain afloat and mark some positive aspects.

Recall that bitcoin started its restoration final weekend after it had dipped beneath $58,000 earlier that week for the primary time in almost two years. However, it rapidly rebounded and reclaimed the $60,000 resistance. It saved climbing on Friday and Saturday and tapped $63,300 earlier than it retreated barely to $62,500 on Sunday.

Monday began on the best foot, with a surge to $64,000 for the primary time in two weeks. However, the biggest company holder of bitcoin announced its second sale in beneath two months at that time, leading to fast chaos. As this one was much more vital, with the corporate offloading over 3,500 items, BTC’s value reacted with a painful decline to $61,200.

Instead of plunging additional because it did after the earlier sale in early June, although, the bulls stepped up and drove it north to virtually $64,800. Another leg down adopted in the midst of the week, and BTC slipped to $61,600 because the US and Iran launched new strikes in opposition to one another within the Middle East and the POTUS stated the MoU between the 2 is over.

Nevertheless, bitcoin bounced off once more as the 2 warring nations are reportedly establishing new talks. It jumped to $64,500 minutes in the past, displaying a 3.5% weekly improve. ETH is up by virtually 3% in the identical timeframe to $1,800, whereas ZEC, UNI, and BCH have marked even larger positive aspects. In distinction, SOL, DOGE, RAIN, and XLM are deep within the crimson.

Market Data

Market Cap: $2.29T | 24H Vol: $61B | BTC Dominance: 56.5%

BTC: $64,450 (+3.5%) | ETH: $1,800 (+2.7%) | XRP: $1.11 (-0.35%)

This Week’s Crypto Headlines You Can’t Miss

Why Strategy Selling More Bitcoin May Not Be Bearish After All. Although Strategy’s sale resulted in a right away nosedive, BTC’s capacity to rebound within the following days led to hypothesis that the transfer just isn’t as bearish as many thought. This is as a result of it could be a positive step that strengthens confidence within the firm’s monetary construction.

Ripple (XRP) Scores Major European Win With Full MiCA License. One of essentially the most vital Ripple-related information this week got here from Europe as the corporate received full authorization to function as a Crypto Asset Service Provider within the Old Continent from Luxembourg’s regulator. This permits it to supply its regulated crypto funds platform all through the European Economic Area.

Charles Hoskinson Says Ethereum Is Adopting Cardano Ideas Without Credit. Hoskinson accused Ethereum of copying Cardano’s improvements, significantly in UTXO cost fashions, with out correct acknowledgment. Ethereum’s proposal goals to cut back state storage for funds, drawing from Cardano’s long-established ideas.

Solana (SOL) FUD Hits 2026 High: Why It Could Be a Bullish Twist. SOL’s painful decline over the previous week led to a big wave of adverse feedback on-line and low buying and selling volumes. However, the analysts from Santiment indicated that such environments sometimes result in market reversals and extra profound rallies.

Analyst Sees Upside for ETH Ahead of Glamsterdam Upgrade. The largest altcoin trades roughly 65% away from its peak, however the upcoming Glamsterdam improve may set off a pointy rebound. Although the social curiosity stays low, analysts outlined a divergence between regular on-chain utilization and weak social media presence that usually results in main value adjustments.

Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach. The former bitcoin miner accumulated one other 42,197 ETH over the earlier week and now controls roughly 4.8% of the asset’s circulating provide. Although its unrealized losses are nonetheless nicely into the billions of {dollars}, it continues to stake extra ETH and expects over $200 million in annualized staking rewards.

Charts

This week, now we have a chart evaluation of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.

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