Bitcoin Climbed to $64,500 and Outperformed Most Altcoins, Boosting Its Market Dominance
TL;DR:
- Bitcoin is trading around $64,230 and has gained 1% over the last 24 hours, according to CoinMarketCap.
- BTC dominance over the rest of the market rose nearly 0.5% in a single day, reaching 57.2% with a market cap close to $1.29 trillion.
- BTC perpetual funding rates hit a 20-month high, signaling concentrated bullish bias.
Bitcoin is trading around $64,230, according to data from CoinMarketCap, with a gain of 1% over the last 24 hours. This figure represents a pause in the recovery that began on Monday from $62,600, when BTC climbed to touch $64,550, its highest level in more than a week.
Its modest advance contrasts with the 1.1% drop recorded in Nasdaq 100 futures, dragged down by rising U.S. Treasury yields and the rebound in Brent crude, which returned to near $94 per barrel after the ceasefire between the U.S. and Iran expired without an agreement.
The macroeconomic context is weighing on overall risk appetite. The release of the Federal Reserve’s July meeting minutes, scheduled for Wednesday, is generating uncertainty in markets following two consecutive inflation readings milder than expected. At the same time, President Donald Trump has scheduled for the same day a meeting with crypto industry CEOs at the White House, an event the market is watching closely given the weight of U.S. policy on price dynamics.
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