TLDR
- Bitcoin climbed to a two-week high of ~$65,500, up 1% on the day and 5% on the week
- U.S. spot Bitcoin ETFs recorded five straight days of inflows totaling over $600 million, including $227M on July 20 alone
- Asian semiconductor stocks rebounded sharply, with South Korea and Taiwan benchmarks each rising ~4%
- Bitcoin derivatives volume surged 95% to $59.67 billion, with open interest climbing to $49.07 billion
- President Trump agreed to an ethics clause tied to the CLARITY Act, boosting regulatory sentiment across crypto markets
Bitcoin hit a two-week high of around $65,500 on Tuesday, rising 1% on the day and 5% over the past week. Around $33 billion changed hands during the session.
Ether outperformed, climbing 3% to $1,922 — up 8% over seven sessions. XRP added 3% to $1.13, Solana rose 2% to $78, and BNB held at $574. Dogecoin was flat. Hyperliquid’s HYPE gained 4% to $63 but remains the only major token down on the week.
ETF Inflows Drive Institutional Momentum
U.S. spot Bitcoin ETFs pulled in $227 million on July 20, marking five straight days of net inflows. The total ETF net assets rose to approximately $79.16 billion. Spot Ethereum ETFs added $38.09 million the same session.
Spot Bitcoin ETFs Record $227M in Net Inflows on July 20
On July 20 (ET), U.S. spot Bitcoin ETFs recorded total net inflows of $227 million, marking the fifth consecutive day of net inflows. U.S. spot Ethereum ETFs saw total net inflows of $38.09 million. pic.twitter.com/bXok2eaMkN
— Wu Blockchain (@WuBlockchain) July 21, 2026
The five-day inflow streak totals more than $600 million — the most sustained institutional buying since mid-July, reversing an eight-week outflow run that stretched through late June.
The crypto market cap rose 1.56% within 24 hours to $2.24 trillion.
Bitcoin derivatives activity picked up sharply. Trading volume jumped 95% to $59.67 billion. Open interest climbed 2.36% to $49.07 billion. Options volume surged 138% to $3.25 billion, with options open interest up 1.86% to $32.67 billion.
On the four-hour chart, BTC traded between $65,140 and $65,623. The MACD showed bullish momentum and the RSI sat at 62, below overbought territory. A clean break above $66,000 could open the path toward $67,000 and then $68,000. A drop below $65,000 support could bring $64,000 back into view.
CLARITY Act Progress Lifts Sentiment
Investor confidence also got a boost from Washington. President Trump agreed to an ethics clause connected to the CLARITY Act — a bill that would divide digital asset regulation between the SEC and CFTC. An industry source told The Block the agreement was reached Monday evening after months of stalled talks. Congress needs to act before early August recess.
Trump Agrees to Ethics Provision, Clearing Key Hurdle for CLARITY Act
According to The Block, US President Donald Trump has agreed to an ethics provision in the CLARITY Act, removing the final major hurdle to advancing the crypto market structure bill toward a Senate vote. The… pic.twitter.com/hINSZbLFCf
— Wu Blockchain (@WuBlockchain) July 21, 2026
The chip sector rebound added fuel to the broader risk rally. MSCI’s Asia Pacific gauge climbed 2%. South Korea and Taiwan markets rose ~4% each. Japan’s Nikkei gained 3%. A tech-heavy mainland China index jumped nearly 7% as state-linked buyers stepped in.
Oil pulled back, with Brent falling 1% to $88.58 after Iran indicated mediators were circulating proposals to ease hostilities.
Jeff Mei, COO at BTSE, noted: “Current bitcoin and ether prices are low but fair, given the macro uncertainties pervading markets.” He added that traders are watching the Fed’s July 28–29 meeting, with a July rate hike priced at just 15% odds.
Analyst Michaël van de Poppe (@CryptoMichNL) shared his view that Bitcoin could rally toward $80,000–$85,000 over the next two to three months, which he says would coincide with the 50-week moving average — a level he identifies as typical resistance in the early stage of a post-bear-market recovery.
I wouldn't be surprised to see a rally of #Bitcoin towards $80,000-85,000 from here.
That would coincide with the 50-Week MA, and that's usually the resistance point of the first rally after the bear market has ended.
I expect this to happen over the next 2-3 months. pic.twitter.com/dAEKDV7chV
— Michaël van de Poppe (@CryptoMichNL) July 20, 2026
The latest Bitcoin price stood at $65,442, with buyers holding above the $65,000 support zone.
