Bitcoin ended the previous business week with a decline that pushed the leading cryptocurrency down to $62,500. The asset recovered quickly, returning to $64,000 over the weekend.

The advance continued gradually through Sunday and into Monday morning, when BTC reached $65,000. That move was rejected, and the price fell by more than $1,000 to $63,750. Bitcoin’s next leg higher was stronger, as it moved through $65,000 and cleared the $66,000 resistance level on the first attempt. The rally extended to $67,000 on some exchanges, marking the first such move since mid-June.

The increase followed renewed net inflows into ETFs and fresh accumulation by certain large investors. Spot ETF flows have become one of the clearest public gauges of institutional demand for bitcoin, so renewed inflows tend to receive close attention during attempts to reclaim prior trading ranges. However, the move did not hold for long. BTC retreated to $66,000 on Wednesday, fell to $65,000 on Thursday, and dropped to $64,000 earlier today.

Even after correcting by $3,000 from the local high, bitcoin remains about 2% higher for the week. Ethereum posted a similar gain after challenging $1,950 at one point, while TRX remained near $0.33. XMR delivered a stronger weekly performance, with a 9% increase lifting the privacy token above $350. UNI and HBAR also recorded notable gains, while HYPE, ZEC, CC, and DOGE remained in negative territory on a weekly basis.

Bitcoin’s market dominance also declined over the past few days. It climbed above 57% during the mid-week move but has since slipped below 56% on CoinGecko, indicating that altcoins regained some relative market share even as BTC stayed positive on the week.

Market Data

Market Cap: $2.295T | 24H Vol: $61B | BTC Dominance: 55.9%

BTC: $64.000 (+2%) | ETH: $1,855 (+2.4%) | XRP: $1.09 (+1.7%)

This Week’s Crypto Headlines

Strategy Extends Bitcoin Buying Pause While Growing Its USD Reserve: Details. Michael Saylor’s company appeared to follow suggestions from some market experts who said it should pause BTC purchases and rebuild its USD reserve. The past week again supported that view, with another announcement showing no new bitcoin purchase. Strategy’s buying decisions are closely watched because the company is one of the largest corporate holders of bitcoin, making changes in its accumulation pace a recurring market talking point.

Veteran Crypto Exchange BitMEX to Shut Down in September. After nearly a decade in operation, the veteran derivatives platform BitMEX announced that it will shut down in September. The platform, known as the creator of the 100x perpetual swap, said it will permanently cease operations on September 23 and urged users to withdraw their funds before then. The planned closure adds to a broader reshaping of crypto trading venues, where derivatives platforms, decentralized aggregators, and regulated exchanges continue to face shifting user demand and compliance pressures. Separately, DEX aggregator Odos said it will shut down next week.

SEC Agrees to Overhaul Recordkeeping After Settling Coinbase Lawsuit Over Gensler’s Lost Texts. The US Securities and Exchange Commission settled a lawsuit brought by Coinbase without admitting wrongdoing and agreed to pay $150,000 in attorney fees. The regulator also said it will review its internal processes.

‘Hackers Day’: 3 Crypto Protocols Drained of $35 Million in 24 Hours. July 23 became known in the crypto community as “Hackers’ Day” after three major exploits occurred in less than 24 hours. The largest incident targeted the Arbitrum-based protocol AFX Trade, where attackers took more than $24 million in USDC. The incidents reinforced that smart-contract and protocol risk remains a live operational issue for DeFi users, even during periods when price action dominates market attention.

EU Hits Russia With Toughest Crypto Crackdown Yet. The European Union approved its 21st sanctions package against Russia, targeting 11 crypto operators and 94 financial institutions as part of efforts to combat sanctions evasion. Many of the platforms were based in Belarus and Nigeria and were linked to numerous Russian financial activities.

Ethereum (ETH) Is Cheap, But Not at Bottom Yet: Analysts. The world’s largest altcoin may be trading far below its record highs and at a discount, but analysts said that does not necessarily mean it has bottomed. Analysts at CryptoQuant noted that only two of five signals suggest the worst is behind ETH.

Charts

This week’s chart analysis covered Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid.