Bitcoin climbed from $63,586 to $64,766, a gain of approximately $1,180 or 1.7% over 24 hours.A quiet day. Price gained 1.7% on soft PCE data in a move that tracked broad equity risk-on rather than Bitcoin-specific catalysts. ETF flows flipped to a small positive after four outflow sessions, but at $32.1 million they remain well within the normal range. Nothing structural changed today.
June PCE posted its first monthly drop in six years, easing September rate-hike fears and supporting a relief bounce across risk assets including Bitcoin.
US spot Bitcoin ETFs recorded $32.1 million in net inflows on Wednesday, ending a four-session outflow streak that had totaled $526 million; the inflow is within normal range at +0.45 standard deviations versus the 30-day average.
Strategy reported an $8.2 billion Q2 accounting loss driven by unrealized Bitcoin losses, while growing its Bitcoin holdings 11% during the quarter and building a $3.75 billion cash reserve for preferred stock obligations.
Institutional trading reached a record 72% of crypto volume per a Wintermute report, consistent with Bitcoin's 30-day realized volatility of 29.3% annualized sitting below its 90-day figure of 34.6%, a structurally calmer market.
Bitcoin's hashrate of 898 EH/s remains near record levels, reflecting sustained miner investment and network security strength despite the asset trading 27% below its year-start price.
Market Snapshot
Market Cap
$1.30T
24h Volume
$26.26B
Dominance
56.6%
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