Bitcoin Touches $64,000 as Ethereum, XRP, Dogecoin Extend Rally With 1% Gain

Bitcoin touched $64,000 on Tuesday, supported by robust spot ETF inflows, sustained institutional demand and improving market sentiment.

Notable Statistics:

• Coinglass data shows 98,815 traders were liquidated in the past 24 hours for $417.63 million.       
• SoSoValue data shows net inflows of $265.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $20.7 million.
• In the past 24 hours, top gainers include MemeCore, Zcash and Sun.

Notable Developments:

• Ethereum Surge 13% in a Week: What Is Happening?
• Strategy Selling Bitcoin Isn’t the Problem—It May Be the Solution, Grayscale Argues
• XRP Stuck Around $1 Despite Fundamental Growth: What Is Happening?
• Bitcoin Rebounds Above $63,000: The $487M ETF Reversal May Be Driving the Rally
• Hyperscale Data’s Bitcoin Stash Nears 900 Coins

Trader Notes:

Trader exitpump expects Bitcoin to remain range-bound through the summer, with price action between $67,000 and $74,000. Rather than trying to call the exact bottom, the focus is on trading the current range until a clearer breakout or breakdown emerges.

Daan Crypto Trades highlighted Spot Bitcoin ETF flows have turned positive since Friday after one of the largest selling streaks on record.

Despite continued ETF outflows after Bitcoin first tested the $60,000 level in June, the crypto king has held above that support, suggesting significant buying demand and absorption in that price zone. The key question now is whether renewed ETF inflows can shift momentum and spark a sustained recovery.

CryptosBatman said Bitcoin remains locked in a broad macro consolidation range, with price continuing to build a long-term base.

Historically, extended periods of low volatility and sideways trading have preceded the strongest rallies, suggesting a completed base could pave the way for the next major expansion phase.

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