Bitcoin (BTC) held above $62,000 on Jul. 4 as major altcoins advanced and the broader crypto market recovered from an early-month bout of volatility.
Key Points:
- Bitcoin traded near $62,500 after gaining about 1.3% over 24 hours and 3.6% over the week.
- US spot Bitcoin ETFs recorded about $220 million in net inflows on Jul. 2, led mainly by Fidelity products.
- Hyperliquid, Cardano and XRP outperformed as total crypto market capitalization moved above $2.2 trillion.
Bitcoin Price
Bitcoin stayed in positive territory through most of the past 24 hours. The largest cryptocurrency traded around $62,500, after briefly falling toward $61,500 before buyers pushed it back above the $62,000 level.
Bitcoin also reached an intraday high near $62,800, keeping its market capitalization close to $1.25 trillion and leaving traders focused on the $62,000 to $63,000 area as the next test.
Exchange-traded fund flows added another sign of stabilization. US spot Bitcoin ETFs recorded about $220 million in net inflows on Jul. 2, with most of that demand coming through Fidelity products, while BlackRock clients sold more than $40 million.
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Altcoin Recovery
The recovery was not limited to Bitcoin, as total crypto market capitalization rose above $2.2 trillion and several large-cap tokens posted stronger daily moves.
Ethereum (ETH) traded near $1,754 after gaining more than 2% on the day and roughly 11% over the past week, making it one of the stronger major assets in the rebound.
Hyperliquid (HYPE) rose above $71 after adding more than 6% in 24 hours, while Cardano (ADA) also moved sharply higher. XRP (XRP), Stellar (XLM), Dogecoin (DOGE) and Solana (SOL) posted more moderate gains.
The market’s next test is whether Bitcoin can break beyond the current resistance band and whether altcoin momentum can hold into thinner weekend trading.
Bitcoin’s recent recovery followed a tighter daily range after reclaiming $62,000 earlier in the week, a level that now marks the clearest short-term line between a continued rebound and another stalled move.
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