Bitcoin Rises 0.8% to $63,227 After Rallying 5% Last Week on Softer U.S. Data and Renewed ETF Demand

Bitcoin climbed above $63,000 in Asian trading on Monday, extending last week’s rebound. The token last traded 0.8% higher at $63,227.50, after touching a two-week high near $64,000 in the prior session. Softer U.S. economic data and renewed spot ETF inflows are driving the improved sentiment around Bitcoin.

Bitcoin’s Rebound From a 21-Month Low

Bitcoin (BTCUSD) jumped roughly 5% last week, a sharp reversal after touching a 21-month low below $58,000. That low came during a rough June, when Bitcoin ETFs posted their worst month on record with $4.5 billion in outflows. The current bounce shows early signs of stabilizing sentiment across crypto markets.

Why Softer U.S. Data Is Lifting Bitcoin

Weak U.S. jobs data changed the mood quickly. June payrolls rose by just 57,000, well below forecasts, reinforcing expectations the Federal Reserve will hold off on rate hikes this year. Fed Chair Kevin Warsh also said inflation has continued to moderate, which further supported risk assets, including Bitcoin.

• June payrolls: 57,000, badly missing consensus estimates.
• Unemployment rate: held near 4.2% during the same period.
• Fed tone: Warsh reaffirmed a data-dependent policy stance.

Lower rate-hike odds reduce the opportunity cost of holding non-yielding assets. That backdrop has helped both gold and Bitcoin find support in recent sessions. Traders now expect the Fed’s June meeting minutes, due Wednesday, to offer further clues on the rate path ahead.

$BTC Climbs Toward $64,000 as Short Covering Extends July Reboundhttps://t.co/GRXu1G3ueW

— Yellow Media (@YellowMedia_HQ) July 6, 2026

ETF Demand Shows Early Signs of Returning

Renewed inflows into spot Bitcoin ETFs have played a real role in this recovery. That marks a shift after June’s record outflows dragged year-to-date ETF flows into negative territory for the first time. Still, analysts caution that sustaining the rally will likely require continued, not one-off, ETF buying.

Key Levels Traders Are Watching Now

Bitcoin faces a tightly watched range as the rally matures. The $63,000 to $64,000 zone represents the immediate battleground for bulls and bears alike.

• Immediate resistance: near $63,800 to $64,200.
• Heavier resistance: the $65,500 to $67,180 moving-average cluster.
• Key support: the $60,000 psychological floor.
• Structural risk zone: a break below $57,800 reopens cycle lows.

A clean break above $64,200 would strengthen the case that Bitcoin’s downtrend has ended. Failure to hold above $60,000, though, would likely invite another round of selling pressure across the broader crypto market.

Whale Buying Offsets Institutional Selling

Large holders have stepped in even as ETFs struggled. Bitcoin whales reportedly bought $16.7 billion worth of Bitcoin over a recent two-week stretch, absorbing much of the institutional selling pressure. That kind of divergence has historically shown up near past cycle bottoms in Bitcoin’s price history.

Altcoins Move Higher Alongside Bitcoin

Most major altcoins gained ground alongside Bitcoin’s rebound on Monday. Ethereum (ETHUSD) rose 0.7% to $1,775.92, while XRP (XRPUSD) added 0.6% to reach $1.14. Solana (SOLUSD) and Cardano traded largely flat, showing a more selective rally rather than a broad-based altcoin surge.

Final Thoughts

Bitcoin’s move to $63,227 reflects a fragile but real improvement in sentiment after a punishing June. Softer jobs data and a more dovish Fed tone have removed near-term pressure, while early ETF inflows offer a tentative signal of returning institutional interest. The $63,000 to $64,000 range remains the level to watch before calling this recovery durable.

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.