# Bitcoin Bounces Off 21-Month Low

**Published:** 2026-07-30T06:59:11.212Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/afec0c6d-3056-4937-b55b-6e091e2215c5

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 |

## What drove the move
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].

## The competitive picture
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 |

## What to watch
* Bitcoin's price holding above the $60,000 mark
* The outcome of the US government shutdown, which could impact economic data releases and policy decisions
* The potential for further recovery in Bitcoin's price, with the Relative Strength Index (RSI) at 38 points, indicating oversold conditions [2]

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.

## Sources
1. 24/7 Wall St — [Circle Jumps 14% on OCC Trust Bank Approval; Coinbase and Strategy Gain 5% as Bitcoin Bounces](https://247wallst.com/investing/2026/07/10/circle-jumps-13-on-occ-trust-bank-approval-coinbase-and-strategy-gain-5-as-bitcoin-bounces/)
2. Decrypt — [Bitcoin Bounces Back: Can Bullish Momentum Hold or... - Decrypt](https://decrypt.co/347468/BITCOIN-BOUNCES-BULLISH-MOMENTUM-HOLD-OR-MARKET-TOP)
3. Cryptonews — [Bitcoin bounces off 21-month low, but leverage data signals caution...](https://cryptonews.net/news/bitcoin/33087660/)

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Cite as: TrendWatcher, "Bitcoin Bounces Off 21-Month Low", https://www.trendwatcher.in/article/afec0c6d-3056-4937-b55b-6e091e2215c5