Is Bitcoin heading for $65K? Sharplink buys $16M ETH: Market Moves

Bitcoin rises amid Fed ostentation talks: Bull trap oregon $65K next?

Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks connected stubborn inflation. Despite the gains connected Wednesday, traders fearfulness that incentives for fixed-income investments and beardown net momentum successful tech stocks volition proceed to unit non-yield-bearing assets similar cryptocurrencies.

Michael van de Poppe

(Michael van de Poppe)

The US five-year Treasury output jumped to 4.22%, meaning traders demanded higher returns to clasp authorities bonds. Even arsenic ostentation yet eases and WTI crude lipid prices fell to a 4-month low, investors expect monetary expansion.

Regardless of however the Fed manages involvement rates and its equilibrium sheet, the US Treasury dictates indebtedness issuance trends.

Bitcoin bounces disconnected 21-month low, but leverage information signals caution: Was $57K the bottom?

Bitcoin (BTC) is trading astatine astir $61,490 astatine the clip of work aft falling to a 21-month debased of $57,737 earlier connected Wednesday.

Ether (ETH) and Solana (SOL) besides gained, up 3% and 4.85%, respectively.

The bounce took spot amid heavy capitalist caution, with sentiment trackers gauging the equilibrium of fearfulness and greed successful crypto markets presently speechmaking astir 11 retired of 100, which is successful “Extreme Fear” territory. Despite the rebound from the yearly low, Bitcoin remains down astir a 3rd since the commencement of the year. 

Investors’ cautious stance shows up intelligibly successful the organization products. US spot Bitcoin exchange-traded funds (ETFs) person hemorrhaged funds successful caller weeks, including a reported $4.5 cardinal full outflow successful June, the largest since the ETFs launched.

Related: Bitcoin terms taps caller July precocious supra $62K connected anemic US jobs data

Analyst warns BTC could driblet further aft worst June since 2022

Bitcoin could look further downside unit aft ending June beneath its 200-week moving mean portion inactive trading supra its realized price, a operation that crypto expert PlanB says suggests the marketplace has yet to scope a carnivore marketplace bottom.

Bitcoin fell 20.5% successful June to adjacent the period astatine $58,526 — its worst monthly show since June 2022 — beneath its 200-week moving mean of $62,000 but supra its realized terms of $52,000.

CoinMarketCap

Bitcoin is down 8.80% implicit the past 30 days. (CoinMarketCap)

“ALL erstwhile carnivore marketplace bottoms were beneath realized price,” said PlanB, the creator of the stock-to-flow pricing model. He added successful a abstracted station that Bitcoin could drop to $52,000.

Ether treasury Sharplink bought $16M ETH past week

Crypto treasury institution Sharplink, which resumed buying Ether past week after an eight-month pause, has bought a full of $16 cardinal worthy of Ether since June 25.

Onchain information from Arkham shows that aft Sharplink bought 5,000 ETH connected June 25, it bought different 5,000 ETH (worth $8.5 million) connected June 26.

CoinMarketCap

Ether is down 10.73% implicit the past 30 days. (CoinMarketCap)

The institution confirmed the ETH purchases successful an announcement, adding it bought it astatine an mean terms of $1,611 per ETH.

The two-day buying spree adds to grounds that Sharplink has revived its progressive Ether accumulation strategy, with its full Ether holdings present astatine 866,725 ETH. The crypto treasury institution was erstwhile a adjacent rival to Bitmine arsenic the world’s largest ETH treasury company, but has fallen acold behind.

“The Company’s ETH purchases bespeak its continued committedness to increasing its ETH treasury arsenic a semipermanent reserve asset,” it said successful a connection connected Tuesday.

Crypto enters Q3 with thinner liquidity but little leverage aft Q2 reset: Talos

Cryptocurrency markets entered the 3rd 4th of 2026 with little leverage but thinner liquidity aft a question of liquidations cleared speculative positions portion large sources of request weakened during the 2nd quarter.  

According to a marketplace update from organization information supplier Talos, Bitcoin (BTC) and Ether (ETH) agelong liquidations totaled $8.35 cardinal successful Q2. The information supplier pointed retired that the deleveraging coincided with spot Bitcoin exchange-traded money (ETF) outflows, reduced Bitcoin buying by Strategy and a contraction successful stablecoin supply. 

While the reset near the marketplace much unchangeable heading into Q3, Talos said reduced order-book extent weakened its quality to sorb renewed selling pressure. This means the marketplace could beryllium little susceptible to a concatenation absorption of forced selling, but prices whitethorn inactive plaything sharply due to the fact that there's little trading enactment to sorb ample orders. 

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