Bitcoin’s price has once again established itself above $64,000, consolidating a recovery that began at the start of July. After falling below $58,000 on the 1st, the asset reacted quickly and regained key levels over the following week.
The leading cryptocurrency reached above $63,000 over the last weekend and advanced to the $64,000 range at the beginning of the week. However, the move met resistance after Strategy announced the largest sale of Bitcoin in its history, liquidating more than 3,500 BTC.
The announcement triggered FUD in the market, pressuring the price to $61,200. Despite that, the buying reaction was quick, taking the asset back to the $64,500 region within a few hours.
Another pullback happened after geopolitical tensions between the United States and Iran, which temporarily impacted risk appetite. Even so, Bitcoin showed strength again, recovering and trading again above $64,000 at the close of the week.
The cryptocurrency’s market capitalization is nearing $1.29 trillion, while its dominance edged down to 56.3%, indicating a more balanced distribution among altcoins.
Meanwhile, the PI token from Pi Network is following the opposite trend. The asset recorded a new recent all-time low at $0.09663, according to market data. Even with a slight recovery of about 2%, the price continues to struggle to hold above $0.10.
Among the main altcoins, behavior was more stable over the last 24 hours. Ethereum remains near $1,800, while BNB is approaching $580. Meanwhile, XRP is trying to maintain support in the $1.10 range.
On the other hand, Solana remains pressured below $80, while other assets such as HYPE recorded additional declines during the period.
Among the positive highlights, BEAT advanced by about 30%, reaching nearly $3. In contrast, tokens like BDX and MORPHO saw sharp drops, close to 9% on the day.
The total market capitalization of the cryptocurrency market remains stable, hovering around $2.28 trillion, reflecting a period of lower volatility in the short term.