Bitcoin saw a volatile recovery from July 6 to 10, 2026. It started the week trading near $62,000, dropped mid-week on geopolitical tensions, then rebounded sharply to close Friday back in the $64,000 range.
The asset opened the week around $63,500 but faced long-position liquidations. The price briefly fell toward the $61,400 support zone. Amid concerns over geopolitical tensions between the U.S. and Iran, the market witnessed an unusual development: a Bitcoin wallet attributed to SpaceX resumed activity with test transactions. This added to the nervousness, temporarily pushing the price down to $61,600, since it could signal the sale of a large number of coins. On the last trading day of the week, the market shrugged off global macroeconomic fears, and a rally in tech stocks boosted risk appetite. Bitcoin recovered 2.6%, reaching a high near $64,000.
