The cryptocurrency market showed a downward trend at the start of the week. Traders locked in weekend gains as a fresh round of tensions between the US and Iran in the Strait of Hormuz weighed on risky assets, with $BTC retreating below a closely watched level. Beneath the sell-off, however, ETF data has just sent a signal that hasn't been seen in two months. Here is an analysis of today's cryptocurrency news and the factors affecting Bitcoin prices.
What is the price of Bitcoin today?
Today's Bitcoin price was around US$63,000, down from the weekly close of above US$64,300, and down about 1.4% in the past 24 hours. The volatility triggered a 24-hour liquidation of about $253 million, with long positions accounting for a large proportion, but the pullback was relatively mild-about one-sixth of the market's worst one-day sell-off in the past month. Currently, Bitcoin has been trading in a range of $59,000 to $66,000 for a month, so today's decline is still within the established range and does not mean a break in the trend.

Stretch the timeline, but the situation remains severe: BTC has fallen by about 30% year-to-date, more than 50% from its historical high in October 2025.
Why did Bitcoin fall today?
Two forces act at the same time. First, geopolitical factors: Tensions between the United States and Iran in the Strait of Hormuz have escalated again, prompting investors to fully withdraw from risky assets. South Korea's KOSPI index fell 9.2%, WTI crude rose 3% to above US$73 a barrel, and the conflict continued. Second, profit-taking: Bitcoin and the entire market were up before the weekend, so some of Monday's decline was just traders locking in profits after a strong rally.
Which altcoins fell the most today?
Larger losses appear below the risk curve:
Lighter ($LIT): After rising more than 200% in two months, there was the first significant sell-off, down 8%.
Cardano ($ADA): Down 19% since July 4, after experiencing sharp swings that plunged 39% in June and rebounded more than 40% in early July.
Jupiter ($JUP): This week's decline was more than 15%, and average daily trading volume shrank to only US$17 million, compared with the number usually exceeding US$500 million in 2025.
On the institutional front, Strategy (MSTR) raised $466.7 million through stock sales last week, boosting its cash reserves to $3 billion, while the number of bitcoins it holds remained unchanged at 843,775.
Will Bitcoin ETF inflows turn positive again?
This is a signal worthy of attention. According to SoValue, the spot Bitcoin ETF recorded a net weekly inflow of funds for the first time in nine weeks, of approximately $197 million. This broke an eight-week outflow trend of $2.43 billion in May and $4.5 billion in June. So far, a net inflow of US$124 million has been recorded in July.
In short: After two months of withdrawing institutional funds, the trend may be turning. Analysts warned that structural buying had not been confirmed until BlackRock's IBIT inflows continued-but this was the first time in some time that the flow of funds data showed positive signs.
What cryptocurrency events should traders pay attention to this week?
This week is one of the most intensive periods of macro events in 2026, with two major factors dominating the market:
Inflation data: June CPI will be released on Tuesday, PPI will be released on Wednesday-these two data will affect the judgment of the Federal Reserve's interest rate path. Weak data performance could strengthen market expectations for easing policies that have historically supported Bitcoin.
Testimony from Federal Reserve Chairman Walsh: Kevin Walsh will testify before both houses of Congress this week, making his first appearance since May. In his June debut, he left interest rates unchanged and tilted the dot chart towards interest rates, causing Bitcoin to plummet-so traders will carefully interpret every word he said.
In terms of supervision, the coordination work of the CLARITY Act continues to advance, and July 18 is the deadline for the stablecoin-related provisions of the GENIUS Act. Each step towards clarity in asset classification will weaken the regulatory uncertainty discount that is weighing on the market.

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