Bitcoin Tops 200-Day Average for First Time Since November
Bitcoin has climbed above its 200-day moving average, a widely watched gauge of the cryptocurrency’s long-term trend, for the first time since November 2025. The move is significant after months of declining prices because sustained trading above the indicator can signal that bearish momentum is fading. Traders will nevertheless look for follow-through before treating the breakout as confirmation of a durable reversal.
The latest advance pushed Bitcoin close to $73,000 as the U.S. Treasury expanded the size of its debt buybacks, bolstering expectations for improved market liquidity. The rally carried the token through its 200-day moving average and produced its clearest technical rebound in nine months. Bitcoin’s ability to hold above that threshold will now be central to determining whether the move develops into a broader recovery or proves temporary.
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The history behind this eventBitcoin Reverses Late-June Losses to Break Above $63,000
Bitcoin had been under heavy selling pressure and remained subdued in late June. The rebound is significant because it signals a recovery in market confidence and coincides with progress on the European Union's Markets in Crypto-Assets regulation, a new cryptocurrency project from the Trump family and Zcash's Tachyon upgrade. These global regulatory and technological shifts are emerging as key indicators for the market's direction in the second half of the year.
Bitcoin rebounded sharply above $63,000 on July 16, 2026, before climbing to $64,300, its highest level in nearly three weeks, reversing its late-June decline. The rally came alongside developments involving the Trump family's crypto project, progress on EU regulation and the Zcash team's work on the Tachyon upgrade, helping the digital asset market regain strong momentum.
Bitcoin Tops $68,000 on Stock Rebound and ETF Inflows
Institutional capital has become a major driver of Bitcoin prices since the U.S. Securities and Exchange Commission approved spot Bitcoin ETFs in January 2024. An easing of U.S. policy uncertainty, along with gains in U.S. stocks and strong corporate earnings, lifted risk appetite and helped Bitcoin reclaim the $68,000 level.
Bitcoin surged from $62,400 to $68,600 over the past 24 hours, gaining about 9.9% and reaching a weekly high. U.S. spot Bitcoin ETFs ended five consecutive weeks of net outflows and recorded one of their largest inflow days of the quarter in the latest session, bolstering buying demand. Analysts cautioned, however, that the risk of market volatility had not fully receded.
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