{"id":4610,"date":"2026-07-10T21:40:10","date_gmt":"2026-07-10T21:40:10","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=4610"},"modified":"2026-07-10T21:40:10","modified_gmt":"2026-07-10T21:40:10","slug":"bitcoin-climbs-back-above-64k-despite-strategy-sale-and-renewed-us-iran-tensions-weekly-market-recap","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/07\/10\/bitcoin-climbs-back-above-64k-despite-strategy-sale-and-renewed-us-iran-tensions-weekly-market-recap\/","title":{"rendered":"Bitcoin Climbs Back Above $64K Despite Strategy Sale and Renewed US Iran Tensions: Weekly Market Recap"},"content":{"rendered":"\n
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It was another volatile week for the cryptocurrency market, with geopolitical tensions and major corporate developments weighing on sentiment. Despite the headwinds, Bitcoin managed to recover and finish the week with solid gains.<\/p>\n\n\n\n

Bitcoin entered the week on the back of a strong rebound after briefly falling below $58,000 the previous week for the first time in nearly two years. The asset quickly regained the $60,000 level before extending its rally to around $63,300 by Saturday. It later eased to roughly $62,500 on Sunday.<\/p>\n\n\n\n

The new week began on a positive note as Bitcoin climbed back to $64,000 for the first time in two weeks. However, the rally was interrupted after Strategy announced its second Bitcoin sale in less than two months. The company sold more than 3,500 BTC, triggering a sharp decline that briefly pushed Bitcoin down to around $61,200.<\/p>\n\n\n\n

Unlike the selloff that followed Strategy\u2019s previous sale in early June, buyers returned quickly and drove the price back toward $64,800.<\/p>\n\n\n\n

Midweek, renewed military exchanges between the United States and Iran added fresh uncertainty to global markets after President Donald Trump stated that the memorandum of understanding between the two countries was no longer in effect. The developments briefly sent Bitcoin back to around $61,600.<\/p>\n\n\n\n

The cryptocurrency later recovered once reports emerged that both sides were preparing for renewed diplomatic talks. By the end of the week, Bitcoin had climbed to approximately $64,500, posting a weekly gain of about 3.5%.<\/p>\n\n\n\n

Ethereum also advanced nearly 3% to reclaim the $1,800 level. Zcash, Uniswap, and Bitcoin Cash outperformed the broader market, while Solana, Dogecoin, Rain, and Stellar ended the week under pressure. XRP, meanwhile, successfully defended support around $1.10.<\/p>\n\n\n\n

Market Snapshot<\/strong><\/p>\n\n\n\n

Total Market Capitalization:<\/strong> $2.29 trillion<\/p>\n\n\n\n

24 Hour Trading Volume:<\/strong> $61 billion<\/p>\n\n\n\n

Bitcoin Dominance:<\/strong> 56.5%<\/p>\n\n\n\n

Bitcoin:<\/strong> $64,450 (+3.5%)<\/p>\n\n\n\n

Ethereum:<\/strong> $1,800 (+2.7%)<\/p>\n\n\n\n

XRP:<\/strong> $1.11 (-0.35%)<\/p>\n\n\n\n

Biggest Crypto Stories of the Week<\/strong><\/p>\n\n\n\n

Strategy\u2019s Bitcoin Sale Sparks Debate<\/strong><\/p>\n\n\n\n

Although Strategy\u2019s latest Bitcoin sale initially triggered a sharp market decline, Bitcoin\u2019s swift recovery has led some analysts to argue that the transaction may not be as bearish as initially feared. Instead, some believe the sale strengthens the company\u2019s financial flexibility and long term balance sheet.<\/p>\n\n\n\n

Ripple Secures Full MiCA License in Europe<\/strong><\/p>\n\n\n\n

Ripple achieved a major regulatory milestone after receiving full authorization as a Crypto Asset Service Provider under the European Union\u2019s Markets in Crypto Assets framework. The license, granted by Luxembourg\u2019s financial regulator, enables Ripple to offer its regulated crypto payments services throughout the European Economic Area.<\/p>\n\n\n\n

Hoskinson Accuses Ethereum of Borrowing Cardano\u2019s Ideas<\/strong><\/p>\n\n\n\n

Cardano founder Charles Hoskinson claimed Ethereum is incorporating concepts pioneered by Cardano, particularly those related to the UTXO payment model, without acknowledging the project\u2019s contributions. The criticism followed Ethereum\u2019s proposal to improve payment efficiency by reducing state storage requirements.<\/p>\n\n\n\n

Negative Sentiment Around Solana Reaches New High<\/strong><\/p>\n\n\n\n

Growing pessimism surrounding Solana pushed negative social sentiment to its highest level of 2026. Analysts at Santiment suggested that such extreme bearish sentiment has historically coincided with market bottoms and could ultimately pave the way for a stronger recovery.<\/p>\n\n\n\n

Ethereum Upgrade Fuels Optimism<\/strong><\/p>\n\n\n\n

Despite trading roughly 65% below its all time high, Ethereum attracted renewed attention ahead of the upcoming Glamsterdam upgrade. Analysts pointed to strong on chain activity despite muted social interest, a divergence that has often preceded significant price moves.<\/p>\n\n\n\n

Bitmine Expands Ethereum Holdings<\/strong><\/p>\n\n\n\n

Bitmine purchased an additional 42,197 ETH during the week, increasing its holdings to roughly 4.8% of Ethereum\u2019s circulating supply. Despite sitting on substantial unrealized losses, the company continues to accumulate and stake ETH, with projected annual staking rewards exceeding $200 million.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It was another volatile week for the cryptocurrency market, with geopolitical tensions and major corporate developments weighing on sentiment. Despite the headwinds, Bitcoin managed to recover...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4610","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=4610"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4610\/revisions"}],"predecessor-version":[{"id":4612,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4610\/revisions\/4612"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=4610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=4610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=4610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}