July Rally: Bitcoin Defends Key Level as Altcoins Surge

Crypto prices are experiencing a quiet rally in July, with many altcoins showing significant gains despite ongoing FUD and bearish sentiment. According to data from Sanbase, Bitcoin has defended its key $60K level once again, leading to a rotation back into riskier names and a healthier wave of green for the market.

Weekly standouts include MemeCore, which is up 89%, Cardano at +25%, DEXE at +23%, Bitcoin Cash at +22%, and WhiteBIT at +20%. Meanwhile, some assets like $M are experiencing weakness, down 17% in value. However, the overall trend suggests that big buyers are starting to step back into the market.

The rally appears to be an unexpected relief after weeks of fear and FUD surrounding the Strategy selloff. As sentiment got overly negative at the end of June, investors may have found a more attractive entry point for altcoins. The data also suggests that this climb is not just a short-term blip, but rather a sign of increasing demand and buying power in the market.