Weekly Market Update: 22 July 2026
Bitcoin hit a 34-day high of $66,800 despite escalating geopolitical risk. This week: Pump.fun's 20% rally, and why the market shrugged off bad news.
Bitcoin held near $85,000 as markets braced for tariff news, capping BTC's worst Q1 performance since 2018.
Bitcoin rose 5.5% toward $90K as easing geopolitical tensions and a steady Fed decision improved market sentiment.
Bitcoin's halving cut mining rewards to 3.125 BTC, with users paying a record $2.4 million in fees amid intense network demand.
Bitcoin traded between $60,000-$65,000 as disappointing Hong Kong ETF demand coincided with a notable drop in whale activity.
Bitcoin broke below $60,000 after the Fed held rates steady and signalled inflation wasn't moving toward its 2% target.
Bitcoin faced a strong resistance level at $65,500, with a breakout potentially unlocking a new wave of bullish sentiment.
Bitcoin jumped 13% past $71K and Ethereum surged 32% after Bloomberg raised the odds of a spot ETH ETF approval to 75%.
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