Bitcoin Holds $62K as ADA, HYPE Lead Alt Rally

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Bitcoin remained in the green over the past 24 hours, while several large-cap cryptocurrencies managed to post gains as the braoder market climbed.

The cryptocurrency market managed to sustain its recovery over the past 24 hours. Most of the large-cap altcoins are trading in the green. Bitcoin maintained its recent rebound, as some alts delivered even stronger daily gains.

The total crypto market cap also rose as traders returned to risk assets following a volatile start to the month. However, BTC’s dominance remains steady, suggesting that the market recovery is unfolding in a balanced manner.

BTC Defends $62K Following Latest Bounce
Bitcoin’s price traded mostly in the green throughout the past 24 hours, staying above the $62K mark after reclaiming it earlier in the week. The asset changed hands at roughly $62,500, up about 1.3% on the day and 3.6% on the week.

BTC moved within a relatively tight daily range, briefly dipping toward $61,500 before buyers pushed it back above, even charting an intraday high around $62,800. The move kept its capitalization around $1.25 trillion.

ETF flows also showed signs of stabilizing. US spot Bitcoin ETFs recorded around $220 million in net inflows on July 2nd. Interestingly, most of it came in Fidelity’s products, as BlackRock clients continued to sell and offloaded over $40 million.

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