Bitcoin Price Holds Steady as Panic Selling Fades
CoinDesk reports that bitcoin's price remains above $62,000, indicating a potential end to panic selling. Analysts note increased ETF inflows and a slowdown in selling pressure, suggesting that sellers willing to liquidate at this price have diminished.
Bitcoin has stabilized above $62,000 amidst broader market instability and rising tensions between the U.S. and Iran, suggesting that weak sellers may have exited the market. Analysts highlight the recent $197.40 million inflow into U.S.-listed spot bitcoin exchange-traded funds (ETFs) as a key indicator of this trend, marking a reversal after eight consecutive weeks of outflows.
Jasper De Maere, an over-the-counter trader at Wintermute, points out, "BTC held $62k through rounds of US airstrikes and a Hormuz closure, barely flinching. The weak hands look gone." Additionally, data from Glassnode indicates that net selling pressure has significantly decreased, with an average of just 53 bitcoins sold daily in July compared to nearly 2,000 BTC per day in June.
Despite these signs of reduced selling, some analysts urge caution. Alex Kuptsikevich, a chief market analyst at FxPro, warns that the price recovery is mainly driven by speculative trading in the futures market rather than by robust demand from spot buyers. He states, "Demand for Bitcoin is recovering rapidly, though the growth is currently being driven mainly by retail traders in the speculative futures market. At the same time, the situation in the spot market remains less positive."
Future market direction may hinge on upcoming macroeconomic indicators, including the U.S. Consumer Price Index (CPI) release and Federal Reserve Chair Kevin Warsh’s Congressional testimony. These developments could significantly influence investor sentiment and future trends in the bitcoin market.
Summary based on original reporting by Omkar Godbole at CoinDesk, originally published Jul 13, 2026. SolanaWire does not republish source content.
Binance.US Targets 20% U.S. Market Share After Regulatory Challenges
Binance.US CEO Stephen Gregory outlines the exchange's strategy to regain its previous 20% share of the U.S. market after two years of regulatory hurdles, as reported by CoinDesk. The plan involves ultra-low fees, new regulated products, and increased liquidity through customer engagement.
1 hour ago·CoinDesk·Reported by AI Boost
Senate Democrats Oppose Clarity Act Over Crypto Ethics Concerns
Senate Democrats, including Elizabeth Warren, are increasing opposition to the Clarity Act, highlighting the absence of provisions preventing President Trump's family from profiting from cryptocurrency. As Congress approaches its August recess, the bill requires significant bipartisan support to pass, according to Decrypt.
1 hour ago·Decrypt·Reported by Sander Lutz
Franklin Crypto CIO Highlights Disconnect Between Crypto Prices and Fundamentals
Seth Ginns, Chief Investment Officer at Franklin Crypto, asserts that cryptocurrency prices currently do not reflect the industry's strong fundamentals, according to an interview on CoinDesk. He points to ongoing institutional engagement and potential catalysts for market recovery, such as regulatory clarity and improved token economics.
1 hour ago·CoinDesk·Reported by AI Boost
TeraWulf's CEO Emphasizes AI Infrastructure Shift and Power Quality
TeraWulf CEO Paul Prager highlights the company's $19 billion AI hosting deal with Anthropic, marking its pivot from Bitcoin mining to AI infrastructure, according to CoinDesk. Prager emphasizes the importance of power quality and infrastructure ownership for long-term success in the AI sector.
2 hours ago·CoinDesk·Reported by AI Boost
Trending this week
Bolivia Considers Adding Tether's USDT to National Payments System
Bolivia is evaluating the integration of Tether's USDT stablecoin into its national payments system, according to CoinDesk. This step follows a significant rise in cryptocurrency transactions in the country after restrictions were lifted in mid-2024, with transactions reaching $430 million in volume.
7 hours ago·CoinDesk·Reported by Francisco Rodrigues
Anthropic Analyzes Claude's Behavioral Variability Across Models and Languages
Anthropic's research shows that its AI, Claude, expresses distinct values based on the selected model and spoken language, as detailed in a report by Decrypt. The study analyzed over 309,000 conversations, identifying four key behavioral dimensions that influenced Claude's responses.
46 minutes ago·Decrypt·Reported by Jason Nelson
Trump's Crypto Wealth Influences Clarity Act Discussions Among Senate Democrats
As discussions on the Clarity Act progress, Senate Democrats focus on President Donald Trump's significant crypto wealth, impacting proposed ethics provisions. The ongoing negotiations reflect concerns over potential conflicts of interest for government officials, highlighted in a report by CoinDesk.
4 hours ago·CoinDesk·Reported by Jesse Hamilton
Christopher Nolan Critiques 'AI Slop', Young Viewers Reject Generative AI
Christopher Nolan, director of 'The Odyssey', asserts that younger audiences are critically disregarding generative AI in filmmaking, according to Decrypt. Nolan indicates a shift towards tactile storytelling, contrasting the current trend of virtual environments that have dominated filmmaking for years.
4 hours ago·Decrypt·Reported by Stephen Graves
