Bitcoin’s gradual recovery has pushed the asset back above $64,000, where it has held for the past 24 hours. BEAT became the top daily performer with a 30% surge, while BDX and MORPHO led the declines, falling 9%.
Bitcoin has sustained its position above $64,000 after a week marked by volatility. The asset reacted to a July 1 dump below $58,000, which marked a new multi-year low, before reclaiming $60,000 and climbing to $63,000 over the previous weekend.
It bounced to $64,000 on Monday before Strategy announced its largest Bitcoin sale ever, disposing of over 3,500 units. That event triggered a nosedive to $61,200, but the asset jumped hard in the following hours, challenging $64,500.
Another rejection occurred after the US and Iran initiated new attacks against each other, slipping Bitcoin to $61,500. The bulls proved more persistent later in the week, likely driven by positive net inflows into spot Bitcoin ETFs, helping the asset recover above $64,000 on Friday.
Bitcoin’s market capitalization has climbed to nearly $1.290 trillion. Its dominance over altcoins has dipped to 56.3% from 56.6% just days ago.
Pi Network’s native token continues to struggle, charting consecutive all-time lows. The latest came at $0.09663 a couple of days ago, and though it has rebounded by just over 2%, it remains below $0.10.
Most larger-cap altcoins have remained sideways. ETH is near $1,800, BNB has neared $580, and XRP fights for $1.10. SOL is below $80, while HYPE dropped further from $70 after a 2.7% decline.
BEAT outperformed the rest of the top 100 alts, soaring 30% to nearly $3. In contrast, BDX and MORPHO have plummeted 9% on the daily scale. The total crypto market cap has remained at approximately $2.280 trillion, showing no major change since yesterday.
