Crypto rallies as Bitcoin tops $63,000, ETFs flip green

Cryptocurrencies rose over the July 4 holiday weekend. Bitcoin climbed above $63,000 and spot Bitcoin ETFs showed $223.5 million in net inflows on July 2. Ether-related ETFs added about $15 million on July 1 and $29 million on July 2. The index of the top 20 crypto assets moved roughly 9% higher over the period.

Bitcoin gained about 5% for the week, recovering from a late June low near $57,950. Ether increased roughly 12% to about $1,770. Several altcoins outperformed Bitcoin: Solana traded near $81 after an 11% rise, HYPE moved toward $71 following a 12% gain, and privacy token ZEC rose to about $450 after a roughly 16% advance. Small-cap tokens also saw large moves: LIT gained about 44% to $2.50 after integrating with Robinhood, and ANSEM’s fully diluted valuation climbed roughly 300% to near $350 million.

Despite the inflows on July 2, weekly ETF totals showed net outflows for the period. Spot Bitcoin ETFs recorded approximately $527 million in net outflows for the week, while Ether ETFs were down about $13 million on the week. Institutional flows for June had exceeded $4 billion in outflows. On-chain data showed large holders bought about $16.7 billion of Bitcoin over a two-week span in late June.

Mining indicators also shifted. The Miner Cycle Stress Composite fell to a new low for 2026 and entered an “undervalued” range that has appeared near prior market troughs in 2015, 2018, 2020, 2022 and 2024. Stocks with Bitcoin exposure rose alongside crypto prices: MicroStrategy shares gained about 21% on the week and reclaimed the $100 level.

NFT markets recorded gains over the weekend. CryptoPunks rose about 4% to trade near 32.4 ETH, Bored Ape Yacht Club floor prices increased roughly 5% to about 9.2 ETH, and collections such as Murakami Flowers and Masks of Luci posted double-digit weekly gains. Collector Daniel Sundheim spent about $2.2 million to buy 22 CryptoPunks in the past week.

Not all activity was positive. A weekend exploit of the Summer Finance protocol drained roughly $6 million. Tokens tied to equity announcements fell, with VVV down about 20% after announcing an equity development, trading near $11.56. Meme tokens moved higher overall: Dogecoin rose about 6%, Shiba Inu about 4% and Pepe about 15%.

The July rally followed a softer-than-expected U.S. jobs report for June, which showed payrolls grew by 57,000 versus forecasts near 113,000. Bitcoin entered July after its worst first half since 2018 and 2022, opening the month near a roughly 21-month low. Market participants recorded the ETF inflows on July 2 alongside the macro release; weekly net outflows and broader trading conditions remained in place at the end of the reporting period.