The cryptocurrency market extended its rebound from early July lows on Sunday, with Bitcoin briefly touching $63,400 before settling near $63,000. The world’s largest digital asset posted a weekly gain of roughly 5%, recovering from a multi-year trough below $58,000 recorded just days earlier. Ethereum followed suit, rising 3.34% to trade around $1,758, while XRP jumped more than 5% to $1.14 and Solana added over 4% to reach $84. Cardano stood out with a 9% surge to well above $0.19, and Bitcoin Cash climbed 6% to $240. The total crypto market cap rose to $2.23 trillion.
Despite the price recovery, sentiment remained fragile. The Fear & Greed Index lingered in “fear” territory at 26, and the Altcoin Season Index held at 48, indicating Bitcoin still dominates. Exchange data from CryptoQuant revealed a notable spike in BTC deposits, with inflows approaching 49,000 Bitcoin—a level seen only four times so far in 2026—hinting at possible selling pressure.
A legislative development also caught attention: Senator Gillibrand proposed a ban on government officials issuing or sponsoring personal digital tokens. Meanwhile, the small-cap token LAB stole the spotlight with an 80% daily surge, rocketing above $16 after a period of intense volatility.
