TL;DR:
- Bitcoin is trading around $64,230 and has gained 1% over the last 24 hours, according to CoinMarketCap.
- BTC dominance over the rest of the market rose nearly 0.5% in a single day, reaching 57.2% with a market cap close to $1.29 trillion.
- BTC perpetual funding rates hit a 20-month high, signaling concentrated bullish bias.
Bitcoin is trading around $64,230, according to data from CoinMarketCap, with a gain of 1% over the last 24 hours. This figure represents a pause in the recovery that began on Monday from $62,600, when BTC climbed to touch $64,550, its highest level in more than a week.
Its modest advance contrasts with the 1.1% drop recorded in Nasdaq 100 futures, dragged down by rising U.S. Treasury yields and the rebound in Brent crude, which returned to near $94 per barrel after the ceasefire between the U.S. and Iran expired without an agreement.
The macroeconomic context is weighing on overall risk appetite. The release of the Federal Reserve’s July meeting minutes, scheduled for Wednesday, is generating uncertainty in markets following two consecutive inflation readings milder than expected. At the same time, President Donald Trump has scheduled for the same day a meeting with crypto industry CEOs at the White House, an event the market is watching closely given the weight of U.S. policy on price dynamics.
Bitcoin Consolidates as Derivatives Signal Bullish Appetite
In the derivatives market, the signals are clear but selective. The annualized funding rates on BTC perpetual contracts reached a 20-month high, according to CryptoQuant data, indicating that traders are paying a premium to hold long positions.
Open interest in Bitcoin futures remains stable near 750,000 BTC. The 24-hour cumulative volume delta is positive for Bitcoin, suggesting buyer leadership, while assets such as Ethereum, Solana and Chainlink show negative metrics in that same indicator.
Bitcoin’s dominance over the altcoin market rose nearly 0.5% in a single day to 57.2%, according to CoinGecko, with a market cap approaching $1.29 trillion. The total crypto market capitalization stands at $2.26 trillion, roughly $20 billion more than the previous session.
