# Bitcoin hits $63.2K nine‑day high as global stocks reach record

**Published:** 2026-07-03T15:38:26.740Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/f9bbc25e-1d5a-4708-aff4-31912bd867eb

Bitcoin climbs to $63.2K, its highest in nine days, while equity markets set all‑time highs; see ETF inflows and on‑chain supply tightness.

Bitcoin rose to $63,200 on Thursday, marking its highest level in nine days and coinciding with global equity indices posting historic record highs【2】. The move underscores how Bitcoin’s price can advance even as traditional markets rally, raising questions about the interplay between crypto inflows and broader risk‑asset sentiment.  

| At a glance | |
|---|---|
| Price | $63,200 |
| 24‑hour change | +2.5% |
| Key level | $63,300 resistance; $62,000 support |
| Catalyst | Strong inflows into Bitcoin spot ETFs, especially BlackRock’s IBIT, and muted reaction to rising US PPI inflation and Iran’s Hormuz closure【1】【2】 |

## ETF inflows tighten supply  

Bitcoin spot ETFs have logged eight consecutive days of net inflows, pulling in $2.43 billion in April alone, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for roughly three‑quarters of daily flows on April 23【1】. IBIT’s holdings have now surpassed 806,700 BTC, representing about 3.8 % of the total 21 million‑coin supply【1】. Such concentration of Bitcoin in institutional funds reduces the free‑float available for spot traders, a factor that can amplify price moves when demand resurfaces.  

## On‑chain and macro backdrop  

Despite the price rise, the broader macro environment remains mixed. US Producer Price Index data showed the largest year‑on‑year increase since October 2022, and Iran’s temporary closure of the Strait of Hormuz added geopolitical risk, yet Bitcoin “ignored” these headwinds, holding above $63 k【2】. On‑chain volume over the past 24 hours reached $44 billion, supporting the price rally with solid trading activity【3】. The market’s total capitalization stood at $1.227 trillion, indicating that Bitcoin’s price gains are occurring within a still‑large market framework【3】.  

## Market sentiment split  

The Crypto Fear & Greed Index slipped to 39, back in the “fear” zone, reflecting cautious retail sentiment even as institutional buying via ETFs surged【1】. This divergence suggests that large investors view Bitcoin as undervalued at current levels, while retail participants remain wary amid inflation and geopolitical uncertainty.  

## What to watch  

- **Resistance:** $63,300 on the hourly chart and $64,000 on daily charts; a break could open the $65‑$70 k range.  
- **Supply pressure:** Upcoming ETF inflow trends, especially continued dominance by IBIT, which could further shrink circulating supply.  
- **Macro triggers:** Any fresh US inflation data or escalation in the Hormuz dispute that could shift risk‑asset flows away from crypto.  

The nine‑day high illustrates Bitcoin’s ability to move in tandem with, rather than opposite, rising equity markets, but the sustainability of the rally will hinge on whether institutional inflows keep outpacing retail caution and macro‑driven risk aversion.

## Sources
1. 24/7 Wall St — [Bitcoin News: Bitcoin ETFs Just Turned Positive Across Every Timeframe](https://247wallst.com/investing/2026/04/24/bitcoin-news-bitcoin-etfs-just-turned-positive-across-every-timeframe/)
2. CoinTelegraph — [Bitcoin tags $63.2K as BTC price action ignores inflation, Iran Hormuz closure](https://cointelegraph.com/markets/bitcoin-tags-632k-as-btc-price-action-ignores-new-iran-hormuz-closure)
3. News — [Bitcoin Traders Brace for $62K Test After Rebound From $57,735](https://news.bitcoin.com/bitcoin-traders-brace-for-62k-test-after-rebound-from-57735-low/)

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Cite as: TrendWatcher, "Bitcoin hits $63.2K nine‑day high as global stocks reach record", https://www.trendwatcher.in/article/f9bbc25e-1d5a-4708-aff4-31912bd867eb