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07/06 09:33

Bitcoin traded near $62,675 on July 5, according t

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Invites You to Share 600K USDT in Gift Packs Bitcoin traded near $62,675 on July 5, according to crypto.news market data. The asset was up about 0.1% over 24 hours and 4.03% over seven days. Its market cap stood near $1.26 trillion, while 24-hour volume was about $17.57 billion. Summary Bitcoin trades near $62,675 as traders test whether the weekly 200MA can still hold firm. Saylor’s “digital energy” post added a macro angle while technical analysts focused on resistance overhead. ETF inflows and short squeezes lifted sentiment, but weak volume keeps confirmation limited for now. The latest 24-hour range showed Bitcoin moving between $62,462 and $63,383. That kept BTC close to the $63,000 area after a short-term rebound from the late-June low near $58,000 to $59,000. Michael Saylor added to the wider market discussion with a short post on X, saying “Bitcoin is Digital Energy.” The comment came days after he argued that Bitcoin’s long-term role depends on capital markets, credit and institutional adoption. You might also like: XRP death cross warning puts $1.20 resistance in focus Shorts cleared near $63K Trader Daan Crypto Trades said Bitcoin shorts were cleared twice as price moved toward $63,000 on July 4. He called the move a “classic short squeeze,” where sellers are forced to close positions as price rises into a crowded short zone. $BTC Shorts taken out twice as price moved towards $63K+ on July 4th.Classic short squeeze, price grinds higher into a level everyone's shorting until forced covering does the rest.Now the question is whether $62.6K (Weekly 200MA) holds as support or if this was just… pic.twitter.com/1BbwOL6yMa— Daan Crypto Trades (@DaanCrypto) July 5, 2026 He also raised doubt over the next move, asking whether “$62.6K (Weekly 200MA) holds as support” or whether the move only cleared liquidit

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