Bitcoin Bounces from $57,735 to Hit $60,475 on July 1, Crypto Market Cap Rises 2.4%

On July 1, bitcoin bounced from a fresh 2026 low of $57,735 to reclaim the critical $60,000 threshold, hitting an intraday high of $60,475 around 8:50 a.m. EST after a surge in spot buying volume. Although BTC modestly retraced to trade around the $60,000 mark, it maintained a 24-hour gain of nearly 3%, pushing its market capitalization back above $1.2 trillion. The rally spilled into the broader altcoin market, where large-cap assets posted gains exceeding 7%, lifting the aggregate crypto market capitalization 2.4% to $2.15 trillion.

Crypto trader Noname anticipates a final market flush to drop BTC lower before a secular uptrend resumes, warning followers that true capitulation usually appears much uglier before the real move begins.