Home
Cryptocurrency
Cryptocurrency News
Crypto Investors Help BTC Stabilise Above $63,000 After Brief Volatility Following Strategy's Bitcoin Sale

Crypto Investors Help BTC Stabilise Above $63,000 After Brief Volatility Following Strategy's Bitcoin Sale

Crypto markets remain resilient as buying demand offsets recent selling pressure and macro uncertainty.

Written by Rahul Dhingra, Edited by David Delima | Updated: 7 July 2026 15:17 IST

Crypto Investors Help BTC Stabilise Above $63,000 After Brief Volatility Following Strategy's Bitcoin Sale

Photo Credit: Unsplash/Traxer

Buying interest helped BTC recover after an early sell-off, with traders now watching resistance levels

Click Here to Add Gadgets360 As A Trusted Source

Highlights

Strong buying offsets recent BTC sell pressure
Investors await key US inflation data
Bitcoin eyes resistance near $65,000

Bitcoin traded near $63,200 (roughly Rs. 60.22 lakh) on Tuesday as the cryptocurrency market remained resilient despite a wave of selling triggered by Strategy's latest Bitcoin sale. The world's largest cryptocurrency rose 0.17 percent in the last 24 hours, showing resilience, according to today's CoinMarketCap data. Ethereum (ETH) was trading near $1,770 (roughly Rs. 1.69 lakh), reflecting mixed movement across the broader crypto market. Bitcoin is currently priced around Rs. 59.9 lakh in India, while Ethereum trades near Rs. 1.68 lakh, as per today's Gadgets 360 price tracker.

Analysts noted that strong buying demand, a weaker US dollar, and lower Treasury yields helped offset the impact of the sale, while investors remained cautious ahead of the US Consumer Price Index (CPI) report and the Federal Reserve's policy meeting later this month.

Crypto Markets Discussion

Explore More...

On Tuesday, Binance Coin (BNB) was priced around $579.50 (roughly Rs. 55,210), while Solana (SOL) traded near $81.62 (roughly Rs. 7,776). XRP hovered around $1.13 (roughly Rs. 108), and Dogecoin (DOGE) traded near $0.075 (roughly Rs. 7.2), indicating that traders remain selective despite improving sentiment across the broader crypto market.

Stablecoin Transactions Hit Record $1.79 Trillion in June, Analytics Show

Macro Events and Strategy Sale Keep Bitcoin in Focus

Sharing his assessment of the latest market action, Akshat Siddhant, Lead Quant Analyst at Mudrex, said, “A weaker US dollar and lower Treasury yields have also improved the outlook for risk assets. Meanwhile, transfers from long-term holders to exchanges have fallen from 8,040 BTC to 4,130 BTC per day over the past week, signalling easing sell pressure.”

Offering a broader assessment of current market conditions, Vikram Subburaj, CEO, Giottus.com, said, “Spot demand has also improved near key support levels. ETF flows have shown a modest improvement as well. However, market conviction remains limited. Institutional demand has not yet shown a sustained recovery [...] Investors should avoid chasing intraday rallies. Staggered accumulation near support, with strict risk management, is better suited to the current market.”

Commenting on recent market sentiment, the CoinSwitch Markets Desk said, “Encouragingly, $265 million (roughly Rs. 2,524 crore) in ETF inflows over two days marks a shift in sentiment after a stretch of outflows, hinting that buyers are stepping back in. The 1.15 put-to-call ratio sits comfortably in neutral territory.”

Overall, analysts said the crypto market has remained resilient despite temporary selling pressure from Strategy's Bitcoin sale, with improving spot demand and easing sell-side activity helping support prices. However, upcoming US inflation data, Federal Reserve policy expectations, and Bitcoin's ability to reclaim the $65,000-$67,000 (roughly Rs. 61.92 lakh-Rs. 63.82 lakh) resistance zone will remain key factors shaping the market's next move.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Crypto Markets, Crypto Prices, Cryptocurrency

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More