Bitcoin

Key insight

Bitcoin is trading roughly $1,500 above yesterday's Fortune-reported $62,706 price — a fast-moving intraday recovery — but the $65,000 level is the make-or-break inflection point: a clean break there opens the door to $70,000, while failure keeps BTC rangebound between $60K–$65K.

BTC has recovered from last week's dip below $60,000 back to $64,213 but remains pinned below the critical $65,000–$70,000 resistance band needed to confirm a medium-term trend reversal, while a hawkish Fed dissent and ETF outflows weigh on upside conviction.

Main risk

Fed hawkish dissent — September rate hike probability above 60%

Three Fed officials voted for a hike at the July 29 meeting, pushing September tightening odds above 60%, which threatens risk assets broadly and could trigger renewed BTC selling toward the $60,000 support.