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Crypto 11.07.: BTC Recovers to $64k, ETH +2.7%

Daily analytical overview of the global crypto market for Saturday, 11th July: rates, macro background, ETF flows, exchange and industry events, and security. Bitcoin recovers above $64,000 (+1.39%) during a quiet weekend, Ethereum leads the rally (+2.68%), total market cap ~£2.28 trillion, but sentiment remains cautious.

Toms Ābeltiņš

12 July 20267 min read

On Saturday, 11th July, the global crypto market continued its quiet, consistently green weekend recovery. Bitcoin solidified above $64,000 (~$64,164, +1.39% daily; mcap ~$1.28 trillion), Ethereum led the day with a 2.68% increase (~$1,794), and XRP rose by 0.95% (~$1.10). Total market capitalisation increased by 1.2% to ~$2.28 trillion, with BTC dominance at ~56.4%. Sentiment was supported by returning institutional flows: on 10th July, spot BTC ETFs saw +$90.4 million, and ETH ETFs +$18.4 million. The Fear & Greed Index improved from 23 to 26. In the industry: Circle obtains OCC approval for Circle National Trust, Kraken prepares AI trading tools, Binance Pay expands in Kazakhstan, and MiCA reorganisation continues in Europe.

Global Crypto Market on 11th July: Quiet Weekend Recovery, Bitcoin Recovers to $64,000, Ethereum Leads the Rally

Saturday, 11th July, was a quiet but consistently green weekend for the global cryptocurrency market. With traditional markets closed, digital assets continued Friday's moderate recovery: Bitcoin climbed back above the $64,000 level (+1.39% daily), Ethereum outperformed the market with +2.68%, and the total market capitalisation rose to approximately $2.28 trillion. In the background, sentiment slowly improved-the Fear & Greed Index moved out of the "extreme fear" zone but remained cautious-supported by returning spot ETF inflows and hopes for US market structure legislation. The movement was more of a slow consolidation with a positive bias than a pronounced impulse.

Market Overview

Bitcoin traded around $64,164 on Saturday, an increase of approximately 1.39% daily, with a trading volume of around $26.8 billion and an active market capitalisation of approximately $1.28 trillion. The price thus solidified above the psychological $64,000 level, which had repeatedly acted as resistance in previous weeks; on a weekly basis, Bitcoin showed +2.8% on Friday, +2.5% monthly, but the annual perspective remains challenging-the price is approximately 43.2% below its historical peak of $126,198 on 6th October 2025. (Sources: CoinGabbar, 11th July; Yahoo Finance, 10th July)

Ethereum was the relative leader among major coins for the day: trading around $1,794 with a daily increase of approximately 2.68% and a market capitalisation of around $216.5 billion. ETH ended the week with a monthly return of approximately +6.5%-better than Bitcoin-although the coin is still approximately 37% below its August 2025 record of $4,953.73 on an annual basis. Its relative strength against Bitcoin suggests that risk appetite in the altcoin segment is gradually returning. (Sources: CoinGabbar, 11th July; Yahoo Finance, 10th July)

In the broader altcoin landscape, movements were moderate and mixed. XRP traded around $1.10 (+0.95% daily), while individual speculative assets fluctuated sharply in both directions-meme coin PEPE rose by approximately 6.2%, but some smaller-cap coins experienced double-digit declines, typical for low-volume weekend trading. The total crypto market capitalisation increased by approximately 1.2% daily to around $2.28 trillion, with a total volume of around $62.8 billion. Bitcoin dominance remained high at approximately 56.4%, while Ethereum dominance was around 9.5%, confirming that capital, albeit slowly, is also starting to flow into the second-largest asset. (Source: CoinGabbar, 11th July)

What Influenced the Market

As 11th July was a Saturday, US and European stock and currency markets were closed, and the direction of crypto prices was primarily shaped by the previous day's macro background and internal flow signals. On Friday, 10th July, US stock indices closed slightly positive-S&P 500 at 7,575 points (+0.42%), Nasdaq at 26,281 (+0.29%), and Dow Jones at 52,637 (+0.29%), while the smaller-cap Russell 2000 retreated by 0.49%. US ten-year bond yields ended the week at approximately 4.57%, an increase of about 9 basis points, and oil prices were slightly negative (WTI $71.41 per barrel, -0.93%). This relatively calm traditional market background allowed cryptocurrencies to maintain a risk-on bias. (Source: Investrade Market Review, 10th July)

In the context of monetary policy, the picture remains contradictory. According to the Federal Reserve, inflation has risen this year and remains elevated above the 2% target-the Personal Consumption Expenditures (PCE) price index in May was approximately twice the target-which limits the possibilities for rapid interest rate cuts and maintains higher yields and dollar strength. Such an environment is usually a headwind for risk assets, so the current crypto recovery should be seen as fragile and dependent on future inflation data. (Source: Investrade Market Review, 10th July)

The internal driver that most supported sentiment was the return of institutional flows. According to data compiled by CryptoBriefing, on 10th July, US spot Bitcoin ETFs attracted approximately $90.4 million net (approximately 1,791 BTC), led by BlackRock IBIT and Fidelity FBTC, while spot Ethereum ETFs added approximately $18.4 million (approximately 10,550 ETH). This is a modest but symbolically important signal after June, which, with approximately $4 billion in outflows, was the worst month in the history of spot Bitcoin funds; a ten-day outflow streak ended on 2nd July after approximately $2.73 billion had flowed out. Overall, since January 2024, net inflows into spot Bitcoin ETFs have reached approximately $51.3 billion. (Source: CryptoBriefing, 10th-11th July)

Sentiment indicators confirm this improvement, albeit cautiously: the Fear & Greed Index rose from 23 ("extreme fear") to 26 ("fear"), which sources described as "easing panic" against a backdrop of persistent macroeconomic uncertainty. Additional support came from the legislative narrative-market participants continue to hope for the adoption of the so-called CLARITY Act in the US, which would establish clearer regulatory frameworks for the crypto market structure. (Sources: CoinGabbar and Yahoo Finance, 10th-11th July)

Exchange and Industry Events

Over the weekend, several major players advanced strategic announcements. Circle, the company behind the USDC stablecoin, received final approval from the US Office of the Comptroller of the Currency (OCC) to establish Circle National Trust-a federally regulated entity that will allow it to provide digital asset custody services and manage USDC reserves in the future. Such a step strengthens Circle's regulatory position in the US market and marks the gradual integration of stablecoin issuers into the traditional financial oversight framework. (Source: CoinGabbar, 11th July)

Kraken announced preparations to introduce AI-powered trading tools that would monitor markets and execute trades according to user-defined objectives, while Binance Pay expanded in Kazakhstan, introducing crypto payments at approximately 5,000 point-of-sale (POS) terminals in cooperation with Alatau City Bank, with settlements in local currency. These steps illustrate two parallel industry directions-product automation and the expansion of payment infrastructure in emerging markets. (Source: CoinGabbar, 11th July)

In Europe, the reorganisation triggered by the MiCA regulation continues. Binance ceased full services for EU users from 1st July after failing to obtain a MiCA license, and competitors-Coinbase, Kraken, and OKX, which have already obtained MiCA authorisation-are actively trying to attract these clients with transitional offers. In parallel, Bybit is introducing trading restrictions in the European Economic Area. These are structural, week-long processes rather than specific events of 11th July, but they form the context of regulated market consolidation in which daily trading takes place. (Sources: crypto.news, CryptoBriefing and BeInCrypto, July 2026)

Security Incidents

No new large-scale security incidents specifically attributable to 11th July were conclusively dated in public sources, so we are not presenting this as a daily fact. The most significant documented DeFi event in early July was an attack on the derivatives protocol GMX, in which approximately $42 million was obtained; according to security firms, the attacker later returned most of the funds-approximately $40.5 million. (Source: PeckShield / The Block, July 2026)

The broader context remains consistently serious. According to PeckShield data, in June 2026, there were approximately 40 hacking incidents with total losses of around $75.9 million, and in the first half of 2026, approximately $750 million was stolen from the crypto sector in total. These figures underscore why the security of protocols, bridges, and exchange personnel (e.g., social engineering) remains one of the industry's main structural risks, even when the price market is calm. (Sources: PeckShield / BanklessTimes / Bitcoin Foundation, July 2026)

Context and Outlook

The quiet recovery on 11th July should be viewed in a broader context. After June, which was one of the weakest months in the history of spot Bitcoin funds, the first two weeks of July mark a fragile stabilisation: the price has returned above $64,000, ETF flows have turned positive again, and sentiment is slowly moving away from the "extreme fear" zone. At the same time, the recovery is based on relatively low weekend volume and an elevated inflation background, so it is more accurately described as consolidation rather than a convincing trend reversal.

The immediate catalysts are relatively clear on the calendar: market participants will monitor US inflation data and Federal Reserve rhetoric, which will determine the direction of interest rates and the dollar, as well as the legislative progress on market structure and stablecoin regulation in the US. In Europe, the MiCA reorganisation will continue to redistribute market shares among regulated exchanges. If institutional ETF inflows hold up and inflation data does not surprise to the upside, the recovery may continue; if inflation or geopolitics return to the agenda, the fragile stabilisation could quickly halt. Overall, 11th July was a calm, positive day that confirmed the direction of recovery but did not rule out its fragility.

Key Figures - 11th July

Bitcoin: ~$64,164 (+1.39% daily; volume ~$26.8 billion; weekly +2.8%, monthly +2.5%, annually -43.2%)
Ethereum: ~$1,794 (+2.68% daily; monthly +6.5% - best among major coins; annually -37%)
XRP: ~$1.10 (+0.95%); PEPE ~+6.2%
Total Market Capitalisation: ~$2.28 trillion (+1.2% daily); volume ~$62.8 billion
Dominance: Bitcoin ~56.4%; Ethereum ~9.5%
Sentiment: Fear & Greed Index 26 ("fear"), up from 23 ("extreme fear")
Macro (10th July close): S&P 500 7,575 (+0.42%); Nasdaq 26,281 (+0.29%); 10-year bonds ~4.57%; WTI $71.41 (-0.93%)
ETF (10th July): spot BTC ETF +$90.4 million (IBIT, FBTC); spot ETH ETF +$18.4 million; BTC ETF cumulative ~$51.3 billion
Industry: Circle obtains OCC approval for Circle National Trust; Kraken prepares AI trading tools; Binance Pay expands in Kazakhstan

This article has been prepared with the assistance of artificial intelligence and is intended for informational purposes only. It should not be considered investment advice. Always conduct your own research before making investment decisions.

Norriwire Briefing