Bitcoin Surges Past $64,000 Despite MicroStrategy Selloff as Bullish Momentum Returns

Key Facts

In a move reflecting the crypto market's resilience against institutional selling pressure, Bitcoin BTC surged to a high of $64,529.61. According to reports, this rally followed a temporary dip to $61,391 triggered by a significant selloff from MicroStrategy. This rapid recovery suggests the market's capacity to absorb large-scale exits, bolstered by a notable shift in Bitcoin options sentiment and spot ETF flows turning decidedly bullish.

This upward momentum coincides with global markets awaiting the Federal Reserve's meeting minutes on Wednesday, which are expected to provide clarity on the future path of monetary policy. While Bitcoin leads the charge, other major digital assets have mirrored this strength. Traders are closely monitoring institutional liquidity and ETF inflow patterns, which remain primary drivers for crypto valuations per market data.

Technically, maintaining levels above the $64,000 threshold establishes a new base for testing higher resistance levels, with prices holding firm at recent peaks (close July 10, 2026). Investors should focus on the upcoming FOMC minutes in the economic calendar, as any dovish signals regarding interest rates could further enhance Bitcoin's appeal as a high-risk alternative asset.