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Bitcoin closes July up 7.2% but faces bearish pressure and low investor sentiment.

Market News
01 Aug 2026
AMBCrypto
View Source
Bearish
pluang ai news

Bitcoin ended July with a 7.2% gain, closing at $62.8K, but the overall price trend remains bearish with key support levels turning into resistance. Analyst views suggest the current price is still above historical median levels, indicating a milder bear market so far. However, August has historically seen declines, and recent sell signals and very negative social media sentiment, driven by security concerns, suggest potential further downside. Meanwhile, altcoins dominate Binance trading volumes, reflecting waning interest in Bitcoin and posing risks for investors considering a shift to altcoins amid ongoing market challenges.

More News

Coldcard bitcoin theft hits $88M as stolen coins move to exchanges and dormant wallets activate

Coldcard bitcoin theft hits $88M as stolen coins move to exchanges and dormant wallets activate

A suspected third wave of bitcoin theft linked to a Coldcard firmware vulnerability has resulted in about 1,367 BTC stolen, worth roughly $88.6 million. The theft occurred in three waves between July 30 and August 1, with the latest wave using comple...

Market News
Bearish
4 hours ago
XRP consolidates near $1.06 amid bullish outlook and potential breakout on regulatory clarity.

XRP consolidates near $1.06 amid bullish outlook and potential breakout on regulatory clarity.

XRP is trading around $1.06, about 71% below its all-time high, but analysts see signs of a potential breakout driven by strong on-chain growth and over $1.5 billion inflows into XRP-backed ETFs. The recent court ruling classifying XRP as a non-secur...

Analyst Insights
Bullish
4 hours ago
Investors in FLOW crypto may claim compensation over alleged misleading info by Flow Foundation.

Investors in FLOW crypto may claim compensation over alleged misleading info by Flow Foundation.

Rosen Law Firm is investigating claims that Flow Foundation provided misleading business information to FLOW cryptocurrency investors. Investors who bought FLOW on or before December 27, 2025, and held it through December 29, 2025, may be eligible fo...

Market News
Bearish
4 hours ago
Ocean Power Technologies expands into seabed energy with Columbia Wave IP acquisition

Ocean Power Technologies expands into seabed energy with Columbia Wave IP acquisition

Ocean Power Technologies has acquired the subsea wave power generating intellectual property portfolio from Columbia Wave Power, expanding its capabilities from surface maritime operations to seabed infrastructure. This move allows the company to pow...

Market News
Bullish
5 hours ago
Dogecoin price drops as DOGE ETFs see first outflows since launch, signaling weak institutional demand.

Dogecoin price drops as DOGE ETFs see first outflows since launch, signaling weak institutional demand.

Dogecoin (DOGE) price has declined amid the first recorded outflows from DOGE spot ETFs since their launch in November 2025, with $525,980 withdrawn in July 2026. This marks a shift in institutional interest, as total ETF net assets now stand at $9.9...

Market News
Bearish
5 hours ago
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