Bitcoin Reclaims $63,000 as Institutional Buying Shifts Crypto Market

Bitcoin has reclaimed its footing above $63,000 after spending most of the past two weeks grinding lower. This morning it is trading at around $62,646, up roughly 2% from the low $61,000s.

The move comes on the back of a clean signal from the institutional side, with spot Bitcoin ETFs pulling in a net $222 million on July 2 after ten straight sessions of redemptions. This is a small number by 2025 standards, but it marks the first positive print since the sell-off began.

The broader tape has confirmed this shift rather than fighting it, with total crypto market cap sitting near $2.23 trillion and the CoinDesk 20 index up 1.7%. Altcoins are leading the bounce, with XRP and Cardano outrunning BTC on the day.