BTC rose from $62,480 to $64,733, a gain of approximately $2,253 or 3.6% on the day.Mostly noise with one real catalyst: June CPI fell 0.4%, the largest monthly drop since 2020, triggering a macro-driven rally. No institutional structural change occurred. ETF flows were the largest single-day outflows in July at $424.66 million, and Fear and Greed remains at 25, five points above the 30-day average of 20 but still deep in Extreme Fear territory. Nothing today changes the near-term risk picture materially.
June CPI fell 0.4%, the largest monthly drop since 2020, reducing near-term rate-hike probability and lifting BTC toward $64,000 per The Block.
Spot Bitcoin ETFs posted $424.66 million in single-day outflows, the largest in July, reversing a brief return to positive weekly flows per Cointelegraph.
BTC climbed above its 50-day moving average of $64,115 intraday, though it remains well below the 200-day average of $73,517, keeping the longer-term technical picture cautious.
BIP-110 governance debate resurfaced publicly, with CoinDesk reporting the proposal reignited decentralization disputes within the developer community.
At 903 EH/s, Bitcoin hashrate continues near record levels, reflecting durable miner commitment to network security regardless of short-term price volatility.
Market Snapshot
Market Cap
$1.30T
24h Volume
$31.01B
Dominance
56.3%
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