TL;DR:
- Bitcoin dropped to $61,200 after Strategy disposed of more than 3,500 BTC, but quickly rebounded above $64,500 before returning near $63,000.
- The asset’s market cap stayed above $1.260 trillion, with dominance over altcoins at 56.6%, showing continued market leadership.
- Altcoins were mixed: XRP slid to $1.1275, DOGE, ADA and XLM fell, while WLFI, AAVE, MORPHO and DEXE gained up to 8% as traders stayed cautious overall today.
Bitcoin’s attempt to extend its July recovery turned abruptly volatile after Strategy disclosed a larger Bitcoin sale, sending the asset from a fresh two-week high into a fast drop before buyers stepped back in. Bitcoin had already rebounded from below $58,000 on July 1, its first move under that level in nearly two years, then climbed past $60,000 and reached $64,000 on Monday morning. Strategy’s disposal of more than 3,500 BTC briefly knocked it to $61,200, but the selloff failed to hold, with Bitcoin later pushing past $64,500 as fear-driven selling quickly reversed across spot markets during the day.
Altcoins stay uneven as Bitcoin steadies
The recovery, however, still looks less clean than the intraday reversal suggests. After marking that local peak above $64,500, Bitcoin lost momentum again and returned to roughly $63,000, close to where it traded before Strategy’s announcement. Its market capitalization remains above $1.260 trillion, while dominance over altcoins stands at 56.6%, showing that Bitcoin still anchors the market even when sentiment turns jumpy. In practical terms, buyers defended the shock but not the breakout, leaving traders with range resilience rather than confirmed continuation as price action settled back into familiar territory for now.
Most large-cap altcoins offered little evidence of broad risk appetite across major pairs. Ethereum remained trapped between $1,750 and $1,800, while BNB stayed below $585. XRP moved further away from the key $1.15 support after a 1.3% daily slide to $1.1275, and DOGE, ADA, XLM and CC also declined. DOGE and ADA fell 2% to 3%, while XLM dropped more than 5% on the day. The altcoin reaction was selective and cautious, suggesting that Bitcoin’s rebound did not immediately unlock a wider market bid or persuade traders to chase weaker names yet.
There were still pockets of strength beneath the uneven surface. SOL, HYPE, RAIN and ZEC posted minor gains, while WLFI, AAVE, MORPHO and DEXE advanced by up to 8%. The total cryptocurrency market capitalization remained in a familiar zone near $2.240 trillion, reinforcing the sense that volatility changed the intraday narrative more than the overall structure. The market absorbed Strategy-driven pressure, but the next test is whether Bitcoin can reclaim upside momentum without another catalyst turning a recovery into another hesitation point for participants already watching support, dominance and liquidity across the board in an unsettled session.
