Last Updated: July 5, 2026

Bitcoin is trading at $62,660 on Sunday, holding just below the $63,000 level it briefly reclaimed during thin July 4th trading. The move caps a volatile two weeks that saw BTC fall to a 652-day low of $57,950 in late June before staging a partial recovery, as traders weigh continued spot ETF outflows against early signs of stabilizing demand. Bitcoin remains roughly 50% below its all-time high of $126,173, set in October 2025. For a broader rundown of today’s biggest stories across the sector, see Crypto News Today.

Key Takeaways

• BTC trades at $62,660, down 0.40% over 24 hours, after briefly touching $63,461 intraday
• Bitcoin fell to a 652-day low of $57,950 on July 1 before rebounding above $63,000 on July 4
• US spot Bitcoin ETFs recorded their worst month on record in June, with roughly $4.51 billion in net outflows
• $63,800 is the key resistance level traders are watching to confirm the downtrend is over
• Kevin Warsh was confirmed as the new Federal Reserve Chair in a narrow 54-45 Senate vote, adding a fresh macro variable for crypto markets

Bitcoin Market Overview

Metric	Value
Price	$62,660
24h Change	-0.40%
24h High	$63,461.99
24h Low	$62,436.59
All-Time High	$126,173.18 (Oct 14, 2025)
ATH Drop	~50%
Recent Cycle Low	$57,950 (July 1, 2026)
Market Cap	~$1.33 trillion

Source: CoinGecko, Binance

Bitcoin Price News Today

Bitcoin’s 4-hour chart shows a choppy but constructive structure since the late-June sell-off. Price broke below $60,000 in the last week of June, extended down to $57,950 on July 1, then reversed sharply — climbing back above $62,000 within days and briefly testing $63,461 before settling near $62,660. The 7-day and 25-day moving averages have both turned upward, though the 99-day average near $61,600 still caps the broader trend as resistance-turned-support.

Bitcoin Price Analysis: Testing Resistance After 652-Day Low

Support and Resistance Levels

Level	Price	Significance
Resistance 2	$65,700–$66,700	July target cited by multiple forecasting models
Resistance 1	$63,800	Key breakout level; a close above signals downtrend reversal
Current Price	$62,660	—
Support 1	$60,724	Near-term floor, 24h projected low
Support 2	$57,800–$58,000	June 30–July 1 cycle low; must hold to avoid deeper correction

What Could Happen Next

Bullish scenario: BTC clears $63,800 with volume and confirms the reversal, opening a path toward $65,700–$66,700 over the coming weeks as ETF flows stabilize.

Base scenario (most likely): Bitcoin consolidates between $60,000 and $64,000 through mid-July as the market digests the Fed leadership change and waits for clearer ETF flow data before committing to a direction.

Bearish scenario: A break below $60,724 reopens the $57,800 support test; failure there risks a slide toward the $50,000–$53,000 zone flagged by several analysts as the next major demand area.

SEC Bitcoin ETF News Today

Spot Bitcoin ETFs remain the dominant swing factor in the current price action. US-listed funds posted their worst month on record in June, with net outflows of approximately $4.51 billion — led by BlackRock’s IBIT — as institutional allocators trimmed exposure following Bitcoin’s slide from summer 2025 highs. Some forecasters, including Citi, have cut 12-month inflow projections to zero, arguing that a sustained return of ETF buying is now the clearest signal that a bottom is forming. A reversal in outflow trends would likely be the single biggest catalyst for a move back toward $70,000. Regulatory clarity remains a parallel driver worth tracking — see our explainer on the CLARITY Act for how pending legislation could shape institutional flows.

Why Is Bitcoin Recovering From Its Cycle Low

Bitcoin’s bounce off $57,950 lines up with several supportive developments. A weaker-than-expected US jobs report reduced the odds of further Federal Reserve tightening, easing pressure on risk assets broadly. Separately, the Senate’s confirmation of Kevin Warsh as Fed Chair in a historically close 54-45 vote removed one source of policy uncertainty, even as markets continue to assess his stance on rates. On-chain data also shows early signs of dip-buying: whale accumulation patterns picked up as price approached the $58,000 zone, a level that has repeatedly attracted institutional bids in 2026. Ethereum staged a similar recovery over the same stretch — see Ethereum News Today for the full breakdown.

For the broader market context behind these swings, see Crypto Market Today.

What This Means for the Days Ahead

The next several sessions likely hinge on whether $63,800 holds as resistance or gets reclaimed. A confirmed breakout would validate the emerging recovery narrative and could reintroduce momentum-driven buying. Absent that, expect continued range-bound trading between $60,000 and $64,000, with ETF flow data and any fresh Fed commentary from Warsh acting as the primary near-term catalysts. Traders should also watch for follow-through in altcoins — XRP’s outsized 5% move during the same July 4 session suggests capital may be rotating opportunistically across majors rather than concentrating in Bitcoin alone.

Compare Crypto Prices Today

Asset	Price	24h Change
Bitcoin (BTC)	$62,647.69	-0.32%
Ethereum (ETH)	$1,775.71	-0.38%
XRP	$1.13	-3.00%
Solana (SOL)	$81.10	-1.18%
BNB	$585.36	+1.74%
TRON (TRX)	$0.3279	+0.64%

Where to Buy Bitcoin

Bitcoin can be purchased on major centralized exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, and OKX. Investors focused on long-term holding often move BTC to self-custody wallets rather than leaving it on an exchange, particularly given the ETF outflow volatility currently affecting institutional custodial balances. For deeper price history and forecasts, see our full Bitcoin Price page.

This article is for informational purposes only and does not constitute financial advice.

FAQ

What is the price of Bitcoin today? Bitcoin is trading at $62,660 as of July 5, 2026, down 0.40% over the past 24 hours after briefly touching an intraday high of $63,461.99.

Why did Bitcoin drop to a 652-day low? Bitcoin fell to $57,950 on July 1, 2026, driven by sustained spot ETF outflows, a broader market pullback following June’s roughly 20% monthly decline, and cautious positioning ahead of the Fed leadership transition.

Will Bitcoin recover in July 2026? Several forecasting models project a range between $62,000 and $66,000 for July, with a confirmed break above $63,800 seen as the key signal that the recent downtrend has reversed. A sustained bearish scenario would require a break below $57,800.

How are Bitcoin ETFs affecting the price? US spot Bitcoin ETFs recorded their worst month on record in June 2026 with roughly $4.51 billion in net outflows. A reversal of this trend is widely viewed by analysts as the most likely catalyst for renewed upside.

Who is the new Federal Reserve Chair and how does it affect Bitcoin? The US Senate confirmed Kevin Warsh as Fed Chair in a narrow 54-45 vote. His confirmation removes a source of policy uncertainty that had weighed on risk assets, though markets are still assessing his approach to interest rates.

What is Bitcoin’s all-time high? Bitcoin’s all-time high is $126,173.18, reached on October 14, 2025. The current price of $62,660 represents a decline of roughly 50% from that peak.