TLDR
- Bitcoin rose above $63,000 in Asian trading on Monday, up around 0.8%
- BTC jumped roughly 5% last week after hitting a 21-month low below $58,000
- Weaker-than-expected U.S. jobs data reduced fears of a Fed rate hike
- Spot Bitcoin ETF inflows returned after several weeks of outflows
- Coinbase reports 40 nations are at various stages of stockpiling Bitcoin
Bitcoin climbed back above $63,000 on Monday during Asian trading hours, continuing a rebound that started last week. The price reached $63,227.5, up about 0.8%, after briefly touching a two-week high near $64,000 in the prior session.
The move follows a difficult June for Bitcoin. BTC lost around 18% of its value last month, briefly falling below $60,000. That marked its worst monthly performance since 2022.
Last week, Bitcoin bounced back roughly 5% from a 21-month low below $58,000. The recovery came as fresh economic data shifted market expectations around U.S. interest rates.
U.S. June payrolls data came in weaker than expected. That reduced the likelihood of the Federal Reserve raising interest rates in the near term.
Federal Reserve Chair Kevin Warsh said inflation had continued to moderate and that policymakers would remain data-dependent. Markets responded by pulling back expectations of further monetary tightening.
ETF Inflows Return
Spot Bitcoin ETFs also saw a return to net inflows last week after several weeks of outflows. That shift helped stabilize investor sentiment, as it signals institutional demand may be recovering.
Bitcoin Spot ETFs See $222M Net Inflow After 10-Day Outflow Streak
On July 2 (ET), Bitcoin spot ETFs recorded a total net inflow of $222 million, turning positive after 10 consecutive days of net outflows. Ethereum spot ETFs recorded a total net inflow of $29.08 million. pic.twitter.com/LP3UjuQPJV
— Wu Blockchain (@WuBlockchain) July 3, 2026
June’s record ETF outflows raised concerns, but Coinbase Global says institutional investors are still buying Bitcoin. Sovereign wealth funds are also adding Bitcoin to their holdings.
Coinbase reports that 40 nations are at various stages of stockpiling Bitcoin. Many are buying directly rather than through ETFs, which is why the purchases don’t always show up in ETF flow data.
On X (formerly Twitter), analyst Killa (@KillaXBT) posted on July 4 that Bitcoin is “in the final stages of forming a bottom,” pointing to price structure he says mirrors the 2022 pattern. He described any further dip as likely manipulation before a larger move up. Fellow analyst Ted (@TedPillows) posted on July 2 calling the current zone “the bottom zone for BTC this cycle.” Both views have gained attention among traders watching the recovery closely.
Without question $BTC is in the final stages of forming a bottom.
We're printing identical structure to what we saw in 2022.
This is the final meaningful leg to the downside. Any further deviation lower is likely to be manipulation before expansion. pic.twitter.com/V9z69U6XFC
— Killa (@KillaXBT) July 4, 2026
What’s Next for BTC
Analysts have flagged that trading volumes remain relatively low. Sustaining the rally will likely depend on continued ETF inflows and supportive economic data.
The minutes from the Fed’s June policy meeting are due this week. Traders will be watching those closely for clues on the interest rate path.
Kalshi prediction market traders currently put the odds of Bitcoin reaching $100,000 by end of 2026 at 14%.
The Strategic Bitcoin Reserve, created by executive order in March, is gaining renewed attention from congressional leaders who are pushing to expand it.
Bitcoin’s current trading range of $63,000–$64,000 is seen as a key level to hold for the recovery to continue.
