Bitcoin
Bitcoin (BTC)
$60,064.00 2.15028
Bitcoin price
Ethereum
Ethereum (ETH)
$3,189.47 1.16854
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BNB
BNB (BNB)
$536.15 0.81233
BNB price
Solana
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$145.81 3.96857
Solana price
XRP
XRP (XRP)
$0.5272720 -1.37431
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Shiba Inu
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$0.0000173 -0.0869
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Pepe
Pepe (PEPE)
$0.0000087 0.7449
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Bonk
Bonk (BONK)
$0.0000234 4.44394
Bonk price
Bitcoin
Bitcoin (BTC)
$60,064.00 2.15028
Bitcoin price
Ethereum
Ethereum (ETH)
$3,189.47 1.16854
Ethereum price
BNB
BNB (BNB)
$536.15 0.81233
BNB price
Solana
Solana (SOL)
$145.81 3.96857
Solana price
XRP
XRP (XRP)
$0.5272720 -1.37431
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 -0.0869
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 0.7449
Pepe price
Bonk
Bonk (BONK)
$0.0000234 4.44394
Bonk price
Bitcoin
Bitcoin (BTC)
$60,064.00 2.15028
Bitcoin price
Ethereum
Ethereum (ETH)
$3,189.47 1.16854
Ethereum price
BNB
BNB (BNB)
$536.15 0.81233
BNB price
Solana
Solana (SOL)
$145.81 3.96857
Solana price
XRP
XRP (XRP)
$0.5272720 -1.37431
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 -0.0869
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 0.7449
Pepe price
Bonk
Bonk (BONK)
$0.0000234 4.44394
Bonk price
Bitcoin
Bitcoin (BTC)
$60,064.00 2.15028
Bitcoin price
Ethereum
Ethereum (ETH)
$3,189.47 1.16854
Ethereum price
BNB
BNB (BNB)
$536.15 0.81233
BNB price
Solana
Solana (SOL)
$145.81 3.96857
Solana price
XRP
XRP (XRP)
$0.5272720 -1.37431
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 -0.0869
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 0.7449
Pepe price
Bonk
Bonk (BONK)
$0.0000234 4.44394
Bonk price

Bitcoin ‘tends to bounce back’ in July after negative June: Analyst

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Bitcoin ‘tends to bounce back’ in July after negative June: Analyst

Crypto market analyst Ali Martinez expects a price rebound for the Bitcoin (BTC) price in July after a month of bearish momentum.

According to Martinez’s X post on Sunday, the Bitcoin price recorded an average price rebound of 7.98% in July after a “negative June.” Data shows that the BTC price plunged by 9.25% over the past 30 days. 

Bitcoin recorded a 30-day-high of $71,907 and a low of $58,554 in the mentioned timeframe. 

Moreover, data provided by Martinez shows that Bitcoin’s largest average price return of 46.81% happened in November. 

Bitcoin gained a slightly bullish momentum over the past 24 hours, rising by 0.94%. The flagship cryptocurrency is currently trading at $61,450 at the time of writing. BTC’s market cap again surpassed the $1.2 trillion mark with a daily trading volume of $13.1 billion.

Bitcoin 'tends to bounce back' in July after negative June: Analyst - 1
BTC price – June 30 | Source: Trading View

Due to the declining trading volume, lower price volatility and liquidations would be expected for Bitcoin. 

On the other hand, Billionaire entrepreneur and Bitcoin supporter Peter Thiel believes that the BTC price might not witness a dramatic rally. Thiel’s comments come while he still holds a portion of Bitcoin. 

Last year, Thiel’s Founders Fund invested roughly $200 million in Bitcoin when the asset’s price was hovering at around $30,000. 

Bitcoin’s downward momentum started on June 10 when the spot BTC exchange-traded funds (ETFs) in the U.S. recorded their first set of net outflows in one month. 

Last week, spot BTC ETFs saw $137.2 million in net inflows in their last four trading days. This pushed the total amount of ETF net flows past the $14.5 billion mark.