Bitcoin remained in positive territory over the past 24 hours, while several leading altcoins posted stronger gains as the broader cryptocurrency market extended its recovery.
Most major digital assets traded higher, with Bitcoin maintaining its recent momentum above the $62,000 level. At the same time, many large cap altcoins outperformed the market, reflecting renewed investor confidence.
The total cryptocurrency market capitalization also moved higher as traders returned to risk assets after a volatile start to the month. Despite the broader rally, Bitcoin’s market dominance remained largely unchanged, indicating that gains were spread across the market rather than being concentrated in BTC alone.
Bitcoin Holds Above $62,000
Bitcoin spent most of the past day trading in positive territory after reclaiming the $62,000 level earlier this week. The leading cryptocurrency was changing hands near $62,500, representing a daily gain of about 1.3 percent and a weekly increase of roughly 3.6 percent.
Price action remained relatively stable throughout the session. Bitcoin briefly slipped toward $61,500 before buyers stepped in and pushed it back higher, reaching an intraday peak close to $62,800. Its market capitalization held steady at around $1.25 trillion.
Spot Bitcoin ETF activity also showed signs of improvement. On July 2, US spot Bitcoin ETFs recorded net inflows of approximately $220 million. Fidelity accounted for the majority of those inflows, while BlackRock experienced more than $40 million in net outflows as some investors reduced their exposure.
HYPE, ADA, and XRP Lead Altcoin Gains
The wider crypto market continued to strengthen, with total market capitalization climbing above $2.2 trillion.
Ethereum traded near $1,754 after rising more than 2 percent over the past 24 hours and about 11 percent during the past week, making it one of the strongest performers among major cryptocurrencies.
Hyperliquid’s HYPE emerged as one of the biggest gainers, climbing above $71 after advancing more than 6 percent on the day. Cardano also recorded impressive gains, while XRP, Stellar, Dogecoin, Solana, and several other leading altcoins posted more modest advances.
Market participants will now be watching to see whether Bitcoin can break through the key resistance zone between $62,000 and $63,000, while keeping an eye on whether the current altcoin momentum continues throughout the weekend.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
