Bitcoin Breaks $63,000 as ETF Assets Hit $77.3B on Renewed Institutional Demand in July

According to CoinDesk, Bitcoin climbed back above $63,000 this week, extending a recovery that began in early July as ETF inflows and improving risk appetite supported the world's largest cryptocurrency. Bitcoin touched an intraday high above $64,100 on Thursday, building on momentum that followed softer U.S. economic data and easing inflation concerns.

Total Bitcoin ETF assets recovered to $77.32 billion from a June 30 low of $70.95 billion, aided by both price recovery and returning institutional demand. ETF flows showed volatility, with Bitcoin ETFs posting $265.7 million of inflows on July 6 before recording $84.9 million of outflows on July 8, suggesting stabilization rather than consistent strong accumulation among traditional-market investors.