The Bitcoin remains in recovery this Saturday (05), holding its price near US$ 63 thousand after reacting to the heavy losses recorded at the beginning of the month. The largest cryptocurrency on the market briefly managed to surpass US$ 63.400, renewing its highest level of recent weeks, while investor interest grew again with the reduction in net outflows from spot ETFs.
After a June marked by a decline of more than 20%, July began with additional pressure on BTC, which was traded below US$ 58 thousand. However, the entry of buyers interrupted the downward movement and started a consistent recovery over the last few days.
The recovery gained strength when Bitcoin moved back above the US$ 60 thousand mark. Even after a brief pullback below this level, buyers regained control, taking the asset to the US$ 62 thousand region, supported by the improvement in ETF flows and the increase in institutional demand observed during the week.
At this moment, the Bitcoin price remains close to US$ 63 thousand, accumulating a gain of almost 5% in the last seven days. The cryptocurrency's market capitalization also resumed growth, reaching approximately US$ 1,26 trillion, while its share of the total cryptocurrency market remains below 57%.
Among the leading cryptocurrencies, performance was mixed. Ethereum encountered resistance near US$ 1.800 and is now trading just above US$ 1.760. BNB remains below US$ 580, while XRP continues to trade below US$ 1,15.
As for Solana (SOL) posted a daily decline of approximately 2,4%, once again testing support around US$ 80. Other negative highlights were HYPE, which fell about 4%, and XLM, with a loss close to 3,4%.
In the opposite direction, Cardano (ADA) extended its recovery and rose more than 9%, surpassing US$ 0,19. Bitcoin Cash (BCH) also posted strong performance, with gains close to 6%, trading around US$ 240.
Among lower-cap assets, the highlight was LAB, which surged about 160% in the last 24 hours. After days of intense volatility, the token traded above US$ 16 again, leading the market gains.
With Bitcoin's advance and the strong performance of some altcoins, the total cryptocurrency market capitalization grew again and reached approximately US$ 2,23 trillion.