Bitcoin Stabilizes Above $62K as Crypto Market Sees Rebound

Bitcoin's price held steady above $62,000 on July 4 as the broader crypto market staged a recovery from early-month volatility. The largest cryptocurrency traded near $62,500 after gaining about 1.3% over 24 hours and 3.6% over the week.

The US spot Bitcoin ETFs recorded about $220 million in net inflows on July 2, led mainly by Fidelity products. This influx of capital added to signs of stabilization in the market, with total crypto market capitalization rising above $2.2 trillion.

Several large-cap tokens also posted stronger daily moves, including Ethereum (ETH), which traded near $1,754 after gaining more than 2% on the day and roughly 11% over the past week. Hyperliquid (HYPE) rose above $71 after adding more than 6% in 24 hours, while Cardano (ADA) also moved sharply higher.

However, it remains to be seen whether Bitcoin can break beyond its current resistance band and maintain altcoin momentum into thinner weekend trading.