Bitcoin reclaimed the $64,000 mark following a brief flash crash to $62,800, bringing its total July gains to nearly 10%.
Key Takeaways
Bitcoin reclaimed $64,000 on Tuesday, rallying past a brief flash crash to $62,800.Market volatility sparked $145 million in liquidations, wiping out $108 million in short positions.Bitfinex analysts predict future Bitcoin recovery depends tightly on stronger exchange-traded fund inflows.Still, they acknowledge that a sustained recovery will likely depend on the return of stronger demand, particularly through renewed exchange-traded fund inflows.
