Bitcoin News Today: Bitcoin Reclaims $60K as ETF Flows Turn Positive, BTC Trades Near $61,800

Last Updated: July 3, 2026

Bitcoin is trading at $61,828 on July 3, 2026, holding firmly above the $60,000 level after a strong bounce from June’s brutal selloff that pushed prices as low as $57,800. The recovery has been reinforced by Bitcoin ETF flows turning positive for the first time in over ten days, a weaker-than-expected June jobs report that reduced the odds of a near-term Fed rate hike, and a historical seasonal pattern in which red Junes have often been followed by green Julys. BTC is up nearly 3% over the past week, though it remains roughly 51% below its October 2025 all-time high of $126,198.

Key Takeaways

• Bitcoin trades at $61,828, up 2.98% over the past week after bouncing from a late-June low near $57,800
• Bitcoin ETF flows turned positive on July 2 with +$223M in net inflows, led by Fidelity’s FBTC
• June’s jobs report came in weaker than expected (57,000 jobs added vs. ~115,000 forecast), reducing near-term Fed rate hike odds
• Market cap stands at $1.23 trillion; 24-hour trading volume is roughly $28.88 billion
• Resistance sits in the $62,300–$65,600 zone; a break above the 50-month EMA near $65,631 would meaningfully improve the technical outlook
• Analyst targets for 2026 diverge sharply, from Citi’s bearish $82,000 to Bernstein’s $150,000 year-end call

Market Overview

Bitcoin Price Today Analysis

BTC is changing hands at $61,828 after a 24-hour range between $61,109 and $62,282. Short-term moving averages show a bullish alignment forming: the 7-day MA sits at $61,881.59, the 25-day MA at $61,666.13, and the 99-day MA at $60,182.04, with price trading above all three following the sharp recovery off the June lows. Trading volume has cooled somewhat from the peak of the rally, with 24-hour turnover around $28.88 billion, down more than 35% from the prior day as the initial burst of buying pressure eased.

The move follows one of Bitcoin’s worst months of 2026: BTC started the year above $93,000 and closed June around $60,000 after touching a fresh 21-month low. Analysts largely attribute the decline to macro pressure — Fed rate policy and sustained ETF outflows — rather than any crypto-specific shock, noting that unlike prior major drawdowns, no exchange has failed and no stablecoin has lost its peg this cycle.

Support and Resistance Levels

Why Is Bitcoin Up Today?

Bitcoin’s move back above $60,000 is being driven by a combination of improving fund flows and a friendlier macro backdrop. Bitcoin ETFs posted +$223 million in net inflows on July 2, the first positive day in more than ten sessions, with Fidelity’s FBTC accounting for the bulk of the gain at $166 million. BlackRock’s IBIT was the lone major fund to close in the red, with $40 million in outflows, suggesting the rotation back into Bitcoin exposure is still uneven across providers.

The macro picture also turned more favorable this week. June’s jobs report showed the U.S. economy added just 57,000 jobs against expectations of roughly 115,000, while the unemployment rate ticked down to 4.2%. Weaker job growth reduces the likelihood of the Federal Reserve raising rates at its next meeting, a dynamic that has historically supported risk assets including Bitcoin. Daily liquidations have also eased, falling from $448 million to $413 million, with short positions still accounting for the majority of forced closures — a sign that the recent bounce has been squeezing bearish traders.

Seasonality is adding a tailwind as well. Bitcoin has historically delivered strong July returns following weak Junes, with an average July return of 7.25% and a median of 8.16% in prior cycles. Coinglass data shows BTC already up 2.73% so far in July after a 20.48% drop in June — its worst monthly decline of the year.

What This Means for the Days Ahead

Bitcoin’s next major test is the resistance band between $62,300 and $65,600, which includes the 50-month EMA near $65,631. A sustained close above that zone would be the clearest signal yet that the June selloff has run its course, while failure to clear it keeps Bitcoin technically in a broader bear-market structure according to several Elliott Wave-based models, some of which still target a final low near $39,000–$53,800 later in the cycle.

Wall Street remains sharply divided on where Bitcoin heads from here. Standard Chartered’s Geoffrey Kendrick has maintained a $100,000 year-end target, arguing current weakness could prove to be a buying opportunity if ETF pressure continues to fade, and Bernstein has kept an even more aggressive $150,000 call. Citi, by contrast, cut its 12-month target to $82,000 from $112,000, citing ETF outflows and slow progress on U.S. crypto legislation, with a bear case near $53,000. For now, traders are treating continued ETF inflows, a weekly close above $60,000, and the Fed’s next move as the key variables that will determine which scenario plays out. For the latest on how altcoins are responding to Bitcoin’s move, see Ethereum News Today.

For a full market snapshot across major assets, visit our Crypto Market Today page.

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Where to Buy Bitcoin

Bitcoin can be purchased on major cryptocurrency exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, and OKX.

FAQ

Is Bitcoin going up or down today?
Bitcoin is down 0.26% over the past 24 hours but up 2.98% over the past week, trading at $61,828 after reclaiming the $60,000 level.

Why did Bitcoin ETF flows turn positive?
Bitcoin ETFs recorded +$223 million in net inflows on July 2, ending a losing streak of more than ten days, led by Fidelity’s FBTC fund with $166 million in inflows.

What is the key resistance level for Bitcoin right now?
Traders are watching the $62,300–$65,600 zone, which includes the 50-month EMA, as the key resistance that needs to break for a stronger recovery to take hold.

Could Bitcoin reach $100,000 in 2026?
It remains possible according to some analysts like Standard Chartered’s Geoffrey Kendrick, but a straight-line move from current levels would require roughly 66% upside, which is unlikely without a major catalyst.

What is causing Bitcoin’s price movement this week?
The rally is tied to positive ETF flows, a weaker June jobs report reducing Fed rate hike expectations, easing liquidations, and a seasonal pattern favoring July recoveries after weak Junes.