Bitcoin Reclaims $64K Despite Strategy Sale and US-Iran Tensions: Weekly Recap
It was another eventful week in the cryptocurrency markets, dominated by negative news, but BTC has somehow managed to stay afloat and mark some gains.
Recall that bitcoin began its recovery last weekend after it had dipped below $58,000 earlier that week for the first time in nearly two years. However, it quickly rebounded and reclaimed the $60,000 resistance. It kept climbing on Friday and Saturday and tapped $63,300 before it retreated slightly to $62,500 on Sunday.
Monday started on the right foot, with a surge to $64,000 for the first time in two weeks. However, the largest corporate holder of bitcoin announced its second sale in under two months at that point, resulting in immediate chaos. As this one was a lot more significant, with the company offloading over 3,500 units, BTC’s price reacted with a painful decline to $61,200.
Instead of plunging further as it did after the previous sale in early June, though, the bulls stepped up and drove it north to almost $64,800. Another leg down followed in the middle of the week, and BTC slipped to $61,600 as the US and Iran launched new strikes against each other in the Middle East and the POTUS said the MoU between the two is over.
Nevertheless, bitcoin bounced off again as the two warring countries are reportedly setting up new talks. It jumped to $64,500 minutes ago, showing a 3.5% weekly increase. ETH is up by almost 3% in the same timeframe to $1,800, while ZEC, UNI, and BCH have marked even bigger gains. In contrast, SOL, DOGE, RAIN, and XLM are deep in the red.
Market Data: Market Cap $2.29T, 24H Vol $61B, BTC Dominance 56.5%. BTC: $64,450 (+3.5%), ETH: $1,800 (+2.7%), XRP: $1.11 (-0.35%).
This week’s headlines include: Why Strategy Selling More Bitcoin May Not Be Bearish After All; Ripple Scores Major European Win with Full MiCA License; Charles Hoskinson Says Ethereum Is Adopting Cardano Ideas Without Credit; Solana FUD Hits 2026 High – Why It Could Be a Bullish Twist; Analyst Sees Upside for ETH Ahead of Glamsterdam Upgrade; Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach.