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Bitcoin price rebounds 2.7% to $60,200 after hitting 21-month low, with $4.5 billion outflow from US spot Bitcoin ETFs in June, as investors weigh caution and
Bitcoin bounced off a 21-month low of $57,737 to trade as high as $60,200 on Wednesday, a 2.7% increase over the past 24 hours [3]. The move comes as investors remain cautious, with sentiment trackers reading around 11 out of 100, in "Extreme Fear" territory, and US spot Bitcoin exchange-traded funds (ETFs) seeing a $4.5 billion outflow in June [3].
| At a glance | |
|---|---|
| Price | $60,200 |
| 24h % move | 2.7% |
| Key level | 21-month low of $57,737 |
| Catalyst | Investor caution and potential for further recovery |
The bounce in Bitcoin's price was accompanied by gains in other cryptocurrencies, including Ether (ETH) and Solana (SOL), which rose 3% and 4.85%, respectively [3]. The move came amid deep investor caution, with the Crypto Fear & Greed Index reading around 11 out of 100, in "Extreme Fear" territory [3]. On-chain data shows that long-term holders added roughly 270,000 $BTC over the past two weeks, which is generally seen as a sign that some bigger investors view the recent decline as an opportunity rather than a reason to sell [3].
Circle Internet Group's stock is up 14% in early Friday trading to $71.93, rebounding sharply from Thursday's $63.01 close, after winning final regulatory approval to launch a national trust bank [1]. The move is seen as a positive development for the company, which issues USDC, a stablecoin with $77 billion in circulation as of March 31 and 28% market share of the U.S. dollar fiat-backed stablecoin segment [1]. Coinbase stock is also up 5% to $165.66, while Strategy stock is up 5% to $98.21, tracking a 2% bounce in Bitcoin over 24 hours to $64,123 [1].
| Token metrics | |
|---|---|
| USDC circulation | $77 billion |
| USDC market share | 28% |
| Circle stock price | $71.93 |
The real significance of Bitcoin's bounce off its 21-month low remains to be seen, as investors continue to weigh caution and potential for further recovery. With the Crypto Fear & Greed Index still in "Extreme Fear" territory, it is unclear whether the move will be sustained or if it is just a temporary reprieve.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 30, 2026 · How we report
Bitcoin is dropping due to hot core inflation data, a high probability of a Federal Reserve rate hike, and four consecutive days of net outflows from U.S. spot Bitcoin ETFs as of September 11, 2026. Additionally, long-term holders have been selling into the $77,000 to $80,000 price range, creating a supply wall that limits upward movement.
The $82,000 level serves as a key resistance zone for Bitcoin because sellers have repeatedly pushed the price lower from this area, including a peak of $82,283 on September 3, 2026. Analysts and AI models indicate that Bitcoin must break and hold above this level, supported by strong ETF inflows, to confirm a more bullish trend.
Bitcoin spot ETF flows impact price because when ETFs redeem shares, authorized participants sell Bitcoin to fund those redemptions, resulting in direct spot selling. Conversely, strong inflows act as a source of passive buying that absorbs supply and can help Bitcoin break through resistance levels.
A golden cross occurs when the 50-day moving average of Bitcoin rises above the 200-day moving average, which is generally viewed by market analysts as a bullish signal. Bitcoin formed its first golden cross since May 2025 following a recovery from its July 2026 lows.