Bitcoin reclaimed $64,000 on Tuesday after U.S. inflation fell 0.4% month over month, easing expectations for prolonged Federal Reserve tightening and lifting sentiment across risk assets.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $64,535 |
| Ethereum | (CRYPTO: ETH) | $1,872 |
| Solana | (CRYPTO: SOL) | $76.99 |
| XRP | (CRYPTO: XRP) | $1.10 |
| Dogecoin | (CRYPTO: DOGE) | $0.07438 |
| Shiba Inu | (CRYPTO: SHIB) | $0.054214 |
Notable Statistics:
- Coinglass data shows 86,420 traders were liquidated in the past 24 hours for $435.03 million.
- SoSoValue data shows net outflows of $424.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $15.4 million.
- In the past 24 hours, top gainers include Binance Life, Lighter and Zcash.
Notable Developments:
- Bitcoin Hits $64,000, Ethereum Gains 5% on Ice-Cold Inflation Print: What Is Happening?
- XRP Up 1.5% Despite ‘Capitulation Bottom’ Warning: What Is Happening?
- Circle President Hails Company’s ‘Historic’ Milestone—So Why Is CRCL Going Down?
- ‘Is the Bitcoin Bottom In?’ Coinbase CEO Brian Armstrong’s Poll Gets a Bearish Answer
- XRP, ETH Sentiment Hits 5-Week High as Prices Fall: Is This a Bull Trap?
- ‘SpaceX Is the Equivalent of Dogecoin,’ Mark Yusko Says: ‘And if Elon Sold 1 DOGE, It Would Go to Zero’
Trader Notes:
Industry expert Benjamin Cowen noted that Bitcoin’s current price action resembles 2018, with two consecutive green weeks followed by a pullback around CPI.
If the pattern repeats, BTC could rally into late July or early August before retracing those gains by September.
Trader KillaXBT argued that many investors risk missing the next cycle by waiting for ever-lower Bitcoin prices.
While a drop to $49,000 remains possible, he believes bearish expectations would likely keep shifting to $35,000, $25,000, or even $10,000, causing sidelined investors to miss a reversal.
The analyst views current levels as a long-term accumulation opportunity and encourages buying with a multi-year investment horizon.
Trader Jelle highlighted that Bitcoin has flashed a rare three-day bullish MACD crossover below the zero line, a technical signal that has historically preceded major rallies.
He said the indicator that suggests bearish momentum is fading and selling pressure may be nearing exhaustion.
Image: Shutterstock
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