Written by Ciaran Lyonsstaff writerReviewed by Andrew Fentonstaff editor

Written by Ciaran Lyonsstaff writer

Reviewed by Andrew Fentonstaff editor

Is Bitcoin heading for $65K? Sharplink buys $16M ETH: Market Moves

FeaturesPublishedJul 2, 2026

Why Bitcoin’s Next Move Matters to You

As the world of cryptocurrency continues to evolve, one thing is clear: the next move of Bitcoin will have a significant impact on the market. With analysts divided on its next step, one thing is certain – the fate of Bitcoin will affect not just crypto experts, but everyday people looking to earn passive income through Green Crypto like EcoPool.

Bitcoin rises amid Fed inflation talks: Bull trap or $65K next?

The recent gains of Bitcoin, which reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks on stubborn inflation, have given hope to investors. However, with the US five-year Treasury yield jumping to 4.22%, traders are demanding higher returns to hold government bonds, putting pressure on non-yield-bearing assets like cryptocurrencies. This is where EcoPool (ECP) comes in, offering a solution for those looking to earn a passive income through Cloud Rewards.

Market Moves and What They Mean

Bitcoin is currently trading at around $61,490, after falling to a 21-month low of $57,737. Ether and Solana have also gained, up 3% and 4.85% respectively. Despite this rebound, the market remains cautious, with sentiment trackers reading around 11 out of 100, indicating “Extreme Fear” territory. This fear is evident in the institutional products, with US spot Bitcoin exchange-traded funds (ETFs) hemorrhaging funds in recent weeks.

Crypto treasury company Sharplink has resumed buying Ether, purchasing a total of $16 million worth of Ether since June 25. This move adds to evidence that Sharplink has revived its active Ether accumulation strategy, with its total Ether holdings now at 866,725 ETH. For those looking to earn through Earning platforms like EcoPool, this is a significant development, as it shows that even large companies are investing in cryptocurrency.

What’s Next for Bitcoin?

According to crypto analyst PlanB, Bitcoin could face further downside pressure after ending June below its 200-week moving average. The analyst suggests that the market has yet to reach a bear market bottom, with Bitcoin potentially dropping to $52,000. However, for those invested in EcoPool, this dip could be an opportunity to earn more $ECP, and ultimately increase their passive income through the EcoPool network.

Bitcoin bounces off 21-month low, but leverage data signals caution: Was $57K the bottom?

As the market continues to evolve, one thing is clear: the next move of Bitcoin will have a significant impact on the market. Whether you’re a seasoned investor or just starting to explore the world of cryptocurrency, EcoPool offers a unique opportunity to earn a passive income through Green Crypto. With its Cloud Rewards system, EcoPool provides a way for individuals to earn $ECP, and ultimately increase their earning potential.

To start earning with EcoPool, download the EcoPool app today and discover a new way to earn passive income through cryptocurrency. With EcoPool, you can earn $ECP and be a part of the growing Green Crypto community, all while contributing to a more sustainable and eco-friendly cryptocurrency ecosystem.

The bounce took place amid deep investor caution, with sentiment trackers gauging the balance of fear and greed in crypto markets currently reading around 11 out of 100, which is in “Extreme Fear” territory. Despite the rebound from the yearly low, Bitcoin remains down roughly a third since the start of the year. 

Investors’ cautious stance shows up clearly in the institutional products. US spot Bitcoin exchange-traded funds (ETFs) have hemorrhaged funds in recent weeks, including a reported $4.5 billion total outflow in June, the largest since the ETFs launched.

Related: Bitcoin price taps new July high above $62K on weak US jobs data

Analyst warns BTC could drop further after worst June since 2022

Bitcoin could face further downside pressure after ending June below its 200-week moving average while still trading above its realized price, a combination that crypto analyst PlanB says suggests the market has yet to reach a bear market bottom.

Bitcoin fell 20.5% in June to close the month at $58,526 — its worst monthly performance since June 2022 — below its 200-week moving average of $62,000 but above its realized price of $52,000.

Bitcoin is down 8.80% over the past 30 days. (CoinMarketCap)

“ALL previous bear market bottoms were below realized price,” said PlanB, the creator of the stock-to-flow pricing model. He added in a separate post that Bitcoin could drop to $52,000.

Ether treasury Sharplink bought $16M ETH last week

Crypto treasury company Sharplink, which resumed buying Ether last week after an eight-month pause, has bought a total of $16 million worth of Ether since June 25.

Onchain data from Arkham shows that after Sharplink bought 5,000 ETH on June 25, it bought another 5,000 ETH (worth $8.5 million) on June 26.

Ether is down 10.73% over the past 30 days. (CoinMarketCap)

The company confirmed the ETH purchases in an announcement, adding it bought it at an average price of $1,611 per ETH.

The two-day buying spree adds to evidence that Sharplink has revived its active Ether accumulation strategy, with its total Ether holdings now at 866,725 ETH. The crypto treasury company was once a close competitor to Bitmine as the world’s largest ETH treasury company, but has fallen far behind.

“The Company’s ETH purchases reflect its continued commitment to growing its ETH treasury as a long-term reserve asset,” it said in a statement on Tuesday.

Crypto enters Q3 with thinner liquidity but less leverage after Q2 reset: Talos

Cryptocurrency markets entered the third quarter of 2026 with less leverage but thinner liquidity after a wave of liquidations cleared speculative positions while major sources of demand weakened during the second quarter.  

According to a market update from institutional data provider Talos, Bitcoin (BTC) and Ether (ETH) long liquidations totaled $8.35 billion in Q2. The data provider pointed out that the deleveraging coincided with spot Bitcoin exchange-traded fund (ETF) outflows, reduced Bitcoin buying by Strategy and a contraction in stablecoin supply. 

While the reset left the market more stable heading into Q3, Talos said reduced order-book depth weakened its ability to absorb renewed selling pressure. This means the market could be less vulnerable to a chain reaction of forced selling, but prices may still swing sharply because there’s less trading activity to absorb large orders. 

Features: Has Strategy’s capital overhaul put an end to ‘death spiral’ fears?

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Market Analysis
• Cryptocurrencies
• Ethereum Price
• Bitcoin

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