Crypto is closing the week cautiously green after a few days of whiplash. A smaller-than-expected price drop earlier in the week pushed Bitcoin slightly above $65,000 and Ethereum above $1,900, before a sixth consecutive day of US airstrikes against Iran sent the economy reeling. So far, majors are gaining a little more each week, but the market remains below where it started in 2026.
Here’s what moved this week and what to watch.
Where are the crypto prices?
As of this weekend, here’s a preview of the seniors:
- Bitcoin ($BTC): ~$64,300, up about 3.3% for the week but down 27% for the year
- Ethereum ($ETH): ~$1,860, the best performer in 2026 with a good YTD near +40% while the rest of the majors are in the red.
- $XRP: ~$1.14, the most volatile weekly move among the majors, above the $1 support level
- Solana ($SOL): leading the week and gaining close to +5%, trying to recover its previous sales
- $BNB: ~$610, more than 1% per day
Bitcoin dominance is around 57%, and the 24-hour market cap is around $36 billion. Sentiments have recovered from June’s “Great Fear” but remain fragile.
What has driven the market this week?
Three forces define the week. First, a inflation report at the beginning of the week it also raised the prospect of a less hawkish Fed, which led to a mid-week operation that took Bitcoin briefly at $ 65K. Second, geopolitics reasserted itself – the sixth day of US airstrikes against Iran, and the Strait of Hormuz well it is closed and rising oil prices, reduced interest in risk-based assets such as crypto. Thirdly, ETF trends have been on the rise: after the record June $ 4.5 billion in net outflows – the worst month in the history of US Bitcoin ETFs – the beginning of July saw a little bit different, and the market is watching closely for the first stable “consecutive net insertion week” that many experts consider as a sign to return.
Ethereum he continued to prosper quietly. Analysts point to ETH’s long history of leading cryptocurrency returns, and its technical setup – retrieving key moves while clinging to the 100-day EMA resistance near $1,944 – looks stronger than Bitcoin right now.
Why is Bitcoin still doing well?
Short version: The pain of Bitcoin 2026 does not come from crypto fundamentals – it comes from flows and macro. ETF outflows removed a major source of demand, a hawkish Fed under Chair Kevin Warsh kept the dollar strong, and capital was diverted to AI stocks for years. June’s Warsh meeting delivered a less hawkish message, with the dot plot now pointing to a possible rise in 2026 rather than a cut. Until the ETF becomes more successful, Bitcoin’s mass market remains a fluctuating phenomenon rather than a bullish one.
Something to look forward to next week
The calendar is governed by one event: the Federal Reserve’s July 28-29 FOMC meeting. Markets are now pricing in higher prices, a big change from what was expected last year. This meeting is widely regarded as deciding whether the lower leg will hold or the lower leg will open.
Things to see:
- Fed meeting (July 28-29): one big helper. A hawkish or bullish hold will push the dollar higher and pressure the crypto; any surprising phenomenon can be an asset for a pending risk.
- ETF trends: look at the number of days – that’s the indicator that most organizations want before they do it again.
- Main values of Bitcoin: support around $58,000 and resistance around $63,800–$65,000. Holding above $61,000 keeps the recovery case alive; a clean break above the 100-day EMA opens the door to the $68,000–$70,000 zone.
- Ethereum: A break above ~$1,944 resistance would confirm ETH’s leadership.
- Geopolitics: the situation around Iran and the Strait of Hormuz remains a threat that can exceed the technical picture at any time.
Expect regular, theme-driven sales
