Crypto News Today: Bitcoin Hits $63,461 Intraday High, Ethereum Leads Weekly Gains at 12%

Last Updated: July 5, 2026

Bitcoin touched an intraday high of $63,461.99 before pulling back to trade at $62,765.25, still holding a 4.58% weekly gain as crypto markets broadly extend their recovery from June’s selloff. Ethereum is outperforming the wider market with a 12.38% weekly advance, while Solana leads all major-cap assets at 14.14% for the week. Despite the price recovery, the Fear & Greed Index remains at 23 — “Extreme Fear” — extending a run of pessimistic sentiment readings that has persisted for weeks even as prices climb.

Today’s Top Crypto News Stories

• Bitcoin hits $63,461.99 intraday high before consolidating near $62,765, up 4.58% for the week with 24-hour trading volume at $19.6 billion.
• Ethereum outperforms the broader market, up 12.38% over the past seven days to $1,764.31, as institutional infrastructure continues building out independent of price swings.
• XRP gains 8.65% weekly to $1.13, even as 24-hour price action remains negative at -0.59%.
• Solana leads major-cap gainers at 14.14% weekly, trading at $80.46 despite a 3.25% daily pullback.
• Bitcoin whales bought $16.7 billion in BTC over two weeks even as spot ETFs recorded a record $4 billion in outflows during June — a divergence analysts note has historically appeared near past cycle bottoms.
• CLARITY Act remains stalled after missing its symbolic July 4 target; the Senate returns July 13 with a defense bill ahead of it in the legislative queue.
• Binance defends its EU stance after withdrawing its MiCA application days before the July 1 deadline, with Europe head Gillian Lynch arguing the framework should be judged “by who it licenses, not who it excludes.”

Crypto Market Snapshot Today

Asset	Price	24h %	7d %	Market Cap
Bitcoin (BTC)	$62,765.25	+0.32%	+4.58%	$1.25T
Ethereum (ETH)	$1,764.31	+0.52%	+12.38%	$212.92B
BNB	$570.88	+0.01%	+2.74%	$76.94B
XRP	$1.13	-0.59%	+8.65%	$70.69B
Solana (SOL)	$80.46	-3.25%	+14.14%	$46.76B
TRON (TRX)	$0.3245	+0.38%	+0.75%	$30.78B

Bitcoin Price Action: Intraday High and Pullback

Bitcoin’s 4H chart shows the intraday high of $63,461.99 forming during the early morning session before price retreated to a low of $62,328.24. The pullback brought BTC back toward its 7-day moving average of $62,853.47, while the 25-day and 99-day averages sit lower at $61,573.40 and $61,610.92 respectively — confirming price remains in a short-term uptrend structure despite the intraday reversal. The move extends Bitcoin’s recovery from the June 30 low of $57,800.19, a gain of more than $4,900 over less than a week.

Crypto Market Sentiment: Fear & Greed Index Today

The Crypto Fear & Greed Index reads 23 — Extreme Fear as of July 5, 2026, up slightly from yesterday’s 22 but still deep in extreme-fear territory despite this week’s broad price gains across Bitcoin, Ethereum, and most altcoins.

Period	Index Value	Sentiment
Now	23	Extreme Fear
Yesterday	22	Extreme Fear
Last Week	18	Extreme Fear
Last Month	12	Extreme Fear

What’s Driving Crypto Markets Today

Bitcoin’s push to $63,461.99 marks its highest intraday level in over a week before profit-taking pulled price back toward $62,700. The broader rally remains led by altcoins rather than Bitcoin alone: Ethereum’s 12.38% weekly gain outpaces Bitcoin’s 4.58% advance, while Solana’s 14.14% weekly move tops all major-cap assets — a sign capital is rotating across the altcoin market rather than concentrating in BTC. XRP’s 8.65% weekly gain, despite negative 24-hour price action, reflects similar underlying strength amid short-term volatility.

Institutional dynamics remain a central theme. Spot Bitcoin ETFs recorded a record $4 billion in net outflows during June — the worst month for U.S. institutional Bitcoin demand since the products launched — yet whale wallets absorbed $16.7 billion in BTC purchases over the same two-week stretch. That divergence between retreating ETF flows and aggressive whale accumulation has historically preceded market bottoms in prior cycles, though it is not a guaranteed indicator.

Regulatory catalysts continue shaping sentiment across the crypto market. The CLARITY Act, U.S. legislation that would establish clearer market structure rules for digital assets, has officially missed its symbolic July 4 target after the Senate left for recess on June 29. With a defense bill reportedly first in the queue when the Senate returns July 13, floor action on crypto market structure legislation is now more likely in late July or August. For deeper coverage on individual assets, see Bitcoin News Today, Ethereum News Today, and XRP News Today.

For live prices and technical levels across major assets, visit Crypto Market Today.also increases systemic vulnerability to sudden shocks due to the interconnected nature of blockchain-based financial infrastructure.