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Bitcoin bounced back like a dark spell after dipping under 64000 and climbed past two grand to hit a monthly high above 66000.

Bitcoin Climbs to Fresh Heights 🕸️

The week opened with tension as prices slipped below 62000 from over 64000 amid Middle East news yet favorable CPI data sparked a push to 65500 for the first time in weeks. Progress paused with a drop to 62500 by Friday but relentless bulls sparked an instant recovery before and through the weekend lifting it back to 64000. A Sunday attempt at 65000 faltered dropping briefly on Monday morning from a low of 63750 though the rebound came swift and painless. It surged past 65500 today then another push reached the highest since June 17 at 66300 staying above 66000 now with market cap at 1.330 trillion and dominance rising to 57.2 percent.

Altcoins Ignite with Green Energy 🌙

Green hues flood most alt charts with ETH nearing 1950 before eyeing 2000 while BNB approaches 580 and XRP plus HYPE gain about 4 percent daily. DOGE ZEC and XLM mirror those moves as Cardano surges over 8 percent to a local top of 0.175. Solid daily climbs show from BCH UNI AAVE DOT and WLD with ONDO rocketing past 14 percent near 0.40. Total crypto market cap added 70 billion in one day reaching 2.320 trillion for the first time in a month.

Just another echo from the void by iconofsin.eth 💖

The Positive Signs 🦇

The leading digital asset has been stuck in a persistent bear market over the past several months. Currently trading at around 64500 a nearly 50 percent decline from its ATH set last year. Despite the negative environment and waning investors interest certain factors suggest that the bulls might be preparing to take over soon.
The first bullish signal comes from the renowned analyst Ali Martinez. Just a few days ago he revealed on X that BTC has formed a bullish divergence on the weekly chart noting that the last time this happened the price exploded by more than 700 percent. Should history repeat itself the asset could skyrocket above 500000. It is a scenario that seems almost impossible amid the current market depression but the crypto sector has a habit of surprising investors ✨.
The second element is the declining amount of BTC stored on exchanges. CryptoQuant revealed that the figure has dropped to approximately 2.7 million units the lowest since late June. This development indicates that many investors have abandoned centralized platforms and moved their holdings to self-custody solutions thereby reducing immediate selling pressure 🖤.

Last but not least the X account BSCN revealed that investors holding between 1000 and 10000 BTC have purchased 66700 coins over the last two months marking their strongest accumulation since February. Similar developments reduce the immediately available supply and the selling pressure. They can also be mimicked by smaller investors who tend to copy whales.

The Rally Has Already Started? 🌙

The primary cryptocurrency charged toward 65000 earlier today but was halted there and slipped by around a grand before it found support at 64000. X user Crypto Catalysts noted the resurgence arguing that the rally towards 100000 to 105000 had begun 🌹.

“Next move towards 70k and after a sound correction towards 80k and eventually towards the main target of 100k” they predicted.

— Crypto Catalysts (@Crypt00catalyts) view on X

It is important to note that over the past few months BTC has attempted several decisive comebacks yet the bears have intercepted each push. Thus it is wise for bullish investors to keep expectations realistic.

investors holding between 1k and 10k BTC have purchased 66.7k coins over the last 2 months marking their strongest accumulation since February.

— BSCN (@BSCNews) view on X

Just another echo from the void by iconofsin.eth 💖

XRP stays under pressure across higher timeframes where buyers struggle to reclaim key resistance levels despite several rebound attempts. The broader structure keeps favoring sellers although the price still holds above an important demand area that could determine the next directional move.

XRP Daily Descent Check 🖤

On the daily timeframe XRP keeps trading inside a well-defined descending channel that reflects the broader bearish trend dominating for several months. The 100-day and 200-day moving averages sit above the price and continue sloping lower which reinforces the negative higher-timeframe bias. The recent recovery attempt stalled right beneath the $1.24-$1.28 supply zone where the descending channel upper boundary meets the moving averages. This confluence strengthens the resistance area and explains why sellers quickly regained control after the latest rally. Meanwhile the asset defends the $1.02-$1.06 demand zone which has repeatedly attracted buyers over recent weeks and remains the most important level to monitor. A sustained break below would expose the broader demand region around $0.88-$0.92 while holding above keeps the possibility of another recovery toward channel resistance alive.

XRP 4-Hour Shadow Play 🌑

On the 4-hour chart XRP remains confined beneath a descending trendline that has capped every recovery since the mid-June peak. Although buyers produced several short-lived rebounds none proved strong enough to invalidate the sequence of lower highs. The $1.16-$1.18 zone marks the first meaningful resistance and aligns with the descending trendline creating a key decision area for short-term price action. A decisive breakout above this confluence would improve the short-term structure and could pave the way for another test of the higher supply zone around $1.24-$1.29. On the downside the $1.02-$1.06 demand region continues providing solid support. As long as this area remains intact Ripple could keep consolidating within the current range. However losing this support would likely accelerate bearish momentum and shift focus toward the higher-timeframe demand around $0.88-$0.92.

Just another echo from the void by iconofsin.eth 💖

BTC slipped over a grand right as markets stirred awake. Most big alts barely flinched with tiny dips. Yet ZEC crashed hardest, sliding more than 6% in one sharp move. 🖤

BTC Clings Near 64000 Amid Shade 🌑

Last Monday stung even worse. Bitcoin hovered near 64000 until bears yanked it under 62000. Softer US CPI figures then sparked a fierce climb that pushed it to 65600, the best tag in weeks. Still the momentum faded fast and it tumbled back to 62500 by Friday. Bulls fought back hard and lifted it toward 64000 by Saturday dawn. The weekend felt brighter as it crept up and brushed 65000 on Monday morning. History looped again though as it dropped to 63700 earlier today before clawing back just under 64000. Market cap stays below 1290000000000 while dominance lingers at 57%.

PI Crashes Resistance While PUMP Soars 20% 🦇

PI suddenly rocketed double digits yesterday and tapped the 0.10 line that flipped from support to resistance. It held most gains and now battles to break that barrier too. PUMP exploded over 20% today reaching 0.002. HASH tumbled more than 9% instead. ZEC shed the most among larger alts and fell below 530 after its 6.5% drop. RAIN BCH UNI and TAO each eased up to 3%. The rest like ETH BNB XRP SOL and HYPE slipped at most 1%. Total crypto market cap erased about 20000000000 daily and sits at 2250000000000.

Total value feels drained yet whispers of recovery linger in the dark. 💉🕸️🌹🕯️📉

Just another echo from the void by iconofsin.eth 💖

Following an intense eight-week period filled with heavy outflows the spot Bitcoin ETFs shifted direction mid-July stretching their recovery with yet another positive week. Yet the vehicles tracking the largest altcoin pulled ahead of the leader securing stronger weekly net inflows overall 🌹

Bitcoin ETFs Sustain Their Green Streak 🌑

Perhaps tied to rising tensions in the Middle East over the prior weekend Monday opened with a striking 424.66 million dollar net outflow from spot BTC ETFs marking the largest single withdrawal since June 26. This left the prior week’s bright signs feeling more like a fleeting shadow.
Investors pivoted over the next four days though with fresh capital pouring in Tuesday brought 181 million dollars Wednesday added 107.8 million dollars Thursday contributed 79.15 million dollars and Friday delivered 132.30 million dollars. The weekend closed positively with net inflows of 75.67 million dollars 🖤
These figures pale against the massive exodus seen from mid-May through early July where five of eight weeks saw over 1 billion dollars pulled out each time and the week ending June 26 hit a near-record 1.79 billion dollars in outflows. The funds shed more than 8 billion dollars total across roughly two months.
Cumulative net inflows fell from 59.34 billion dollars to 51.08 billion dollars before edging back to 51.35 billion dollars as of July 17.

Ethereum Funds Outpace The Leader ✨

While BTC-focused products drew just over 75 million dollars last week the spot Ethereum ETFs performed even stronger gaining 105.44 million dollars on top of the previous week’s 84.42 million dollars 🦇
Monday stayed modestly negative with 15.41 million dollars exiting but Thursday’s 28.04 million dollar outflow was more than balanced by inflows of 58.34 million dollars on Tuesday 53.83 million dollars on Wednesday and 36.73 million dollars on Friday 💸
Like their BTC counterparts the ETH funds endured an eight-week losing streak shedding over 1.1 billion dollars cumulatively dropping from 12.09 billion dollars to 10.89 billion dollars before climbing to 11.08 billion dollars after two green weeks in mid-July 🌙

Just another echo from the void by iconofsin.eth 💖

XRP funds bounce back after that brief red week 🖤 but the quiet stretches in between feel off. Spot exchange-traded funds tracking Ripple’s cross-border token took their first hit last week in over two months yet net inflows have returned. There is still an evident investment exodus that needs discussion since the financial vehicles had no reportable data for too many days.

The hidden issue 🔮

For roughly 2 months while spot Bitcoin and Ethereum ETFs bled heavily with billions leaving both the XRP counterparts enjoyed investors’ attention by gathering fresh capital. In fact they set a 9-week green-only streak in which they attracted almost $200 million. This all changed during the second week of July when data from SoSoValue showed investors pulled out just over $7 million from the funds for the first time in over two months. Green is back on XRP’s street as the past week almost offset all the losses from the previous one. The net inflows for the 5-day trading period stand at $6.78 million. This means the cumulative total net inflow is back to its ATH levels of almost $1.5 billion.

Bitwise’s XRP ETF continues to increase the gap between itself and the first such fund to reach Wall Street with the former now holding almost $500 million in AUM while the latter sits below $470 million. Although the week as a whole stayed in the green all $6.78 million in net inflows came in just one day on July 16. The remaining 4 trading days saw no reportable action according to SoSoValue. Although the XRP ETFs have seen many such days in the past there were never 4 in the same week. Moreover 7 of the last 10 business days have seen net flows of $0.00. This is a rather concerning trend clearly showing interest and demand for the financial products have declined significantly 🌙. Perhaps a portion of the blame falls on the overall sluggish summer season in which trading volumes traditionally drop as investors wait for better times 🕸️. XRP’s sluggish price performance might also turn investors away since the asset failed to break out above the $1.10 resistance despite a few attempts. It remains down by 3% monthly with a market cap well under $70 billion 💀.

Just another echo from the void by iconofsin.eth 💖