Bitcoin is attempting to build a short-term recovery after weeks of sustained selling pressure. Although buyers have defended a key support zone, the broader trend remains fragile as price continues to trade beneath major technical resistance levels that must be cleared first to expect a genuine recovery.

-

Polymarket traders are pricing only a 21% chance that bitcoin hits $70,000 before the end of July, with the coin trading near $61,600. The skepticism persists even as U.S. spot bitcoin ETFs just posted their strongest daily inflow since early May.

+

US spot Bitcoin exchange-traded funds (ETFs) drew their largest daily inflow since May after a weaker-than-expected jobs report eased rate-hike concerns and helped the digital asset recover from a fresh bear-market low earlier in the week.

-

Irish authorities confiscated another 500 Bitcoin during the drug trafficking investigation, increasing the total recovered amount to 900 Bitcoin. The investigators continue looking for the credentials of the wallet while intensifying their efforts to recover more crypto proceeds from the criminal activity.