In the last 24 hours, Bitcoin (BTC) rose slightly by +0.75% to the $63,300 level. BTC's market dominance (BTC.D) now stands at 58.90%, while the total cryptocurrency market capitalization also strengthened by +0.85% to $2.15 trillion.
Bitcoin closed July 2026 with a gain of +7.35%, moving within the range of $57,750–$66,910 and closing at $61,815 from an opening of $58,560. Spot Bitcoin ETFs also recorded a significant recovery throughout the month, posting a net inflow of +$172.43 million — a crucial turning point after May–June were rocked by massive outflows totaling -$6.94 billion (June -$4.51 billion, May -$2.43 billion).
Ethereum's performance was even more impressive, soaring +18.50% throughout July with a trading range of $1,550–$1,975, significantly outperforming Bitcoin and reinforcing the narrative of institutional rotation into ETH that had already been seen from Bitmine's accumulation last month. However, one thing to watch out for: based on historical data from CoinGlass, August has consistently been the weakest month for Bitcoin, with negative returns in 10 out of the last 13 years (~77% probability of red, median -3.12%), driven by low institutional activity during the summer and the Federal Reserve's Jackson Hole symposium, which often triggers risk-off sentiment — although this historical sample size is relatively small and market structure has changed significantly since the ETF era.
Bitcoin closed July 2026 with a gain of +7.35%, moving within the range of $57,750–$66,910 and closing at $61,815 from an opening of $58,560. Spot Bitcoin ETFs also recorded a significant recovery throughout the month, posting a net inflow of +$172.43 million — a crucial turning point after May–June were rocked by massive outflows totaling -$6.94 billion (June -$4.51 billion, May -$2.43 billion).
Ethereum's performance was even more impressive, soaring +18.50% throughout July with a trading range of $1,550–$1,975, significantly outperforming Bitcoin and reinforcing the narrative of institutional rotation into ETH that had already been seen from Bitmine's accumulation last month. However, one thing to watch out for: based on historical data from CoinGlass, August has consistently been the weakest month for Bitcoin, with negative returns in 10 out of the last 13 years (~77% probability of red, median -3.12%), driven by low institutional activity during the summer and the Federal Reserve's Jackson Hole symposium, which often triggers risk-off sentiment — although this historical sample size is relatively small and market structure has changed significantly since the ETF era.