Bitcoin price today, July 2026
After closing June down about 20%, Bitcoin (BTC) price opened July 1, 2026, at its lowest level in more than 21 months. Bitcoin price fell to $57,950 earlier on Wednesday, the lowest level in 652 days. At. . .
After closing June down about 20%, Bitcoin (BTC) price opened July 1, 2026, at its lowest level in more than 21 months. Bitcoin price fell to $57,950 earlier on Wednesday, the lowest level in 652 days. At press time, the flagship coin traded at approximately $58,620, down around 1% over the past 24 hours. BTC/USD 24-hour chart. Source: FinboldAs such, BTC’s market cap declined by roughly $15. 1 billion over the past 24 hours to hover near $1. 2 trillion at the time of reporting. Why is Bitcoin price down today?Bitcoin price opened July in bearish sentiment amid sustained selling pressure from U. S. spot BTC ETFs (exchange-traded funds). Notably, BlackRock’s iShares Bitcoin Trust (IBIT) led the BTC ETFs in significant outflows in June, as Finboldreported. As such, U. S. BTC ETFs recorded the highest monthly cash outflow since their inception, at about $4. 51 billion in June, according tometricsfromSoSoValue. The rising demand for AIstockshas been weighing down on Bitcoin and the wider crypto market, as Finboldexplained. BTC price analysisFrom a technical analysis standpoint, BTC price has been retesting a monthly support level around $58,513, according to anupdatefrom analystKilla. BTC price monthly chart. Source: TradingViewAs a result, this analyst highlighted that the worst-case scenario for BTC’s price in the near future is a drop to $40,000 before the nextcryptobull rally begins. What’s next for the flagship crypto?After a multi-month bear market, Bitcoin price could rebound from its current support level. Furthermore, Bitcoin whales have aggressively accumulated more than 270,000 BTC over the past two weeks, as perdatafromCryptoQuant. Bitcoin whales accumulation chart. Source: CryptoQuantHowever, Peter Schiff, Chief Economist and Global Strategist at Europac,warnedthat the $58,000 support level must hold to avoid a capitulation below $50,000. As such, if the U. S. spot BTC ETFs reverse their selling spree in July, a potential rebound could occur over the coming days. Best Crypto Exchange for Intermediate Traders and InvestorsInvest in cryptocurrencies and 3,000+ other assets including stocks and precious metals. 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro. com/trading/fees. Copy top-performing traders in real time, automatically. eToro USA is registered with FINRA for securities trading. 30+ millionUsers worldwideeToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. Join Finbold's newsroom, become a Sales Executive today!Apply now to join Finbold as a crypto/finance news writer!Open Positions