Market overview
On Tuesday, the cryptocurrency market capitalization dropped to 2.14 thousand. dollars, a level at which it has found support repeatedly over the past three weeks. This time was no exception, leaving the market above the 50-day moving average – a significant sign of buyer strength, indicating a local shift in priorities. Since the beginning of the year, interest has shifted from cryptocurrencies to AI stocks. Even though the Nasdaq-100 entered a technical correction, with a decline of over 10% from its peak, cryptocurrencies remained resilient. Among the most popular coins in the last 24 hours, the best performers were Cardano (+4.8%), Uniswap (+3.1%) and XRP (+3%). The worst performers were Immutable (-5.3%), Official Trump (-4.6%), and Theta Network (-3.7%).
Bitcoin, just like a week earlier, fell below 63,000. dollars, after which it attracted a novel influx of buyers and increased to 64.3 thousand. dollars. Although the current level of support is lower than in the February-April period, overall market forces in this area are on the side of the bulls. Judging by the price action, the market is dominated by immense, long-term investors who have not yet realized their plans and are not too concerned about the sell-off in the semiconductor sector. It is even possible that profit-taking contributes to capital inflow. However, if the stock sell-off turns into a broad flight from risk, cryptocurrencies will have a strenuous time staying relevant. There is a risk that fundamentals could influence this change, starting with today’s decision and commentary on the Fed’s key interest rate.
News background
Strive, one of the ten largest public companies with Bitcoin reserves, has increased its cryptocurrency holdings to 20,000 BTC. Last week, the company purchased 79 BTC for $5.2 million at an average price of $65.7k. dollars per coin. Since May, Strive has added approximately 3,264 BTC to its wallet.
CryptoQuant notes that USDC stablecoin inflows to cryptocurrency exchanges have exceeded outflows for the first time in over two months. The boost in the inflow of USDC to the market is usually associated with the activity of American investors. USDC stablecoin has become the main instrument for institutional investors. According to Visa, USDC accounted for approximately 70% of all transactions in the first half of 2026.
According to DeFiLlama, the total stablecoin market capitalization dropped by more than $10 billion from its May peak to $310 billion. The outflow marked the largest monthly decline since the fall of Terra in May 2022.
The New York Attorney General’s Office criticized the CLARITY Act. The bill could weaken states’ powers to police the cryptocurrency market and investigate fraud by transferring regulation of the digital asset market to the Commodity Futures Trading Commission (CFTC).
Zcash developers have rolled out the Ironwood update to the mainnet after discovering a critical vulnerability a month ago. The update fixes a earnest bug that allowed the creation of phony ZEC coins to go undetected.
Summary: The cryptocurrency market maintained its support level and Bitcoin returned above 64,000. dollars. Investor interest remains high, but the Fed’s decision may boost risk.
