Crypto Prices Today: Bitcoin Holds Above $64,000 as Spot ETF Inflows Top $500 Million Despite GENIUS Act Delay
Key Points
Bitcoin gained 0.54% to $64,355, holding within its $60,000 to $70,000 trading range this week.
Spot Bitcoin ETFs topped $500 million in inflows, breaking an eight-week streak of outflows.
The GENIUS Act missed its July 18 stablecoin rulemaking deadline, extending regulatory uncertainty.
Ondo fell over 6% on a scheduled 1.94 billion token unlock set for January 2027.
Crypto prices held steady Monday as Bitcoin traded above the $64,000 level. Bitcoin gained 0.54% to reach $64,355, staying within its recent trading range. Spot Bitcoin ETFs have now pulled in more than $500 million in fresh inflows. That recovery comes despite the GENIUS Act missing its July 18 stablecoin deadline. Ethereum added 0.20% to trade near $1,863 during Monday’s session.
Hyperliquid led gains among top-10 tokens, climbing 1.38% on the day. Crypto prices broadly reflect cautious optimism after a rough June for digital assets. Regulatory delays in Washington continue shaping sentiment across the sector.
Crypto Prices Today: Bitcoin’s Key Levels
Bitcoin (BTCUSD) traded near $64,355 Monday, up 0.54% within its $60,000 to $70,000 range. The token has now gained roughly 12% from its lowest point this year. Bitcoin’s 200-week moving average near $60,000 continues acting as key structural support. That level has repeatedly attracted buyers during recent pullbacks this year.
Bitcoin’s technical picture heading into this week:
- Bitcoin faces resistance near $63,800, a level tested multiple times recently.
- A sustained break above that zone could open $66,600 to $67,600.
- The 20-week moving average rejected Bitcoin’s price rally back in May.
- A drop below $60,000 support would risk a deeper correction lower.
Why Spot ETF Inflows Matter for Crypto Prices
Spot Bitcoin ETFs recorded a four-day inflow streak from July 14 to July 17. That streak followed June’s worst month on record, with $4.5 billion in outflows. BlackRock’s IBIT fund led much of this recent renewed buying activity. Analysts still call the recovery thin relative to prior losses.
The GENIUS Act’s Missed Deadline Explained
The GENIUS Act missed its July 18 deadline for stablecoin rulemaking guidance. That delay keeps regulatory uncertainty alive across the broader digital asset sector. Traders had hoped clearer stablecoin rules would boost institutional confidence this month. Washington’s slower pace continues weighing on crypto prices despite improving flow data.
Why the GENIUS Act delay matters for crypto prices:
- Stablecoin issuers still lack finalized federal regulatory guardrails this month.
- Citi had already cut its 12-month Bitcoin ETF inflow forecast to zero.
- Regulatory clarity remains a key catalyst bulls are still waiting for.
- Delayed rulemaking adds to broader caution across digital asset markets currently.
Ethereum and Hyperliquid Diverge From Bitcoin’s Path
Ethereum (ETHUSD) traded near $1,863 Monday, adding 0.20% during the session. Hyperliquid outperformed the broader market, climbing 1.38% to lead top-10 gains. That divergence shows uneven risk appetite across different corners of crypto markets. Traders continue rotating between majors and higher-beta altcoin names this month.
Altcoin Movers Beyond the Top Tokens
Cardano activated its Van Rossem hard fork on July 18, reaching Protocol Version 11. The upgrade proceeded without any reported network downtime during rollout. Ondo (ONDOUSD) fell more than 6% on volume near $161 million Monday. That decline marked the sharpest drop among all top-20 tokens today.
What’s driving Ondo’s steep decline today:
- Ondo faces a scheduled token unlock of 1.94 billion tokens in January 2027.
- Analysts link today’s drop to supply dilution rather than protocol issues.
- A similar unlock in January 2026 produced comparable downward price pressure.
- Coinbase and Strategy shares often track sentiment shifts like Ondo’s decline.
Macro Backdrop Still Shapes Crypto Prices This Week
Federal Reserve commentary has stayed hawkish overall, pressuring broader risk sentiment recently. Fed Chair Kevin Warsh showed a somewhat softer tone during recent public remarks. Middle East tensions and weaker US equity markets have also weighed on sentiment. Bitcoin’s resilience despite these headwinds suggests buyers keep accumulating on weakness.
Institutional Demand Still Faces a Long Road Back
Year-to-date net outflows across all US spot Bitcoin ETF products still total billions. Recent inflows represent cautious re-entry rather than a full institutional rotation back. Sustained inflows over multiple weeks would signal a more structural sentiment shift. For now, crypto prices remain sensitive to each week’s flow data.
Bottom Line
Crypto prices today reflect a market still finding its footing after June’s rout. Bitcoin’s hold above $64,000 shows genuine resilience despite the GENIUS Act’s delay. Spot ETF inflows offer a real, if still modest, institutional demand signal. Ondo’s unlock-driven selloff shows altcoin-specific risks remain separate from Bitcoin’s broader trend. This week’s regulatory headlines and flow data will likely set the next direction.
Disclaimer:
The content shared by Meyka AI PTY LTD is for research and informational purposes only. Meyka is not a financial advisory service, and the information provided should not be treated as investment or trading advice.
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