Bitcoin (BTC)


• Price Performance: Close/Mainstream quotes around $62,400–$62,500 (briefly approached or broke $63,000 at times), 24-hour gain of approximately +0.6%–+1.7% (slight variations across sources, overall modestly up).
• Weekly/Recent Context: Cumulative weekly gain of approximately +3.5%, rebounding significantly from early July lows (briefly dipped to around $57k–$58k , 21-month low), with multiple consecutive green days.
• Drivers:
• BTC ETF saw net inflows (ending previous consecutive outflows), with over $220M in single-day inflows (Fidelity and others contributed significantly).
• Weak US employment data (non-farm payrolls far below expectations) lowered expectations of Fed rate hikes, benefiting risk assets, with the US dollar weakening.
• Short squeeze in the derivatives market, multiple short liquidations fueling the rise.
Overall, still in low-level range-bound recovery, far from historical highs, with BTC market cap dominance at approximately 55–58%.
BTC0.51%
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