Bitcoin Hits $62.3K Nine-Day High as Global Stocks Set Records
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- Bitcoin reached $62,295 on Bitstamp on Friday, its highest price since June 24 and a fresh July high, with US markets closed for the July 4th holiday.
- Trader Daan Crypto Trades flagged the 200-week simple moving average at $62,652 as the critical level for the weekly candle close to maintain BTC's bullish market structure.
- X commentator Exitpump described "controlled slow buying" on exchanges but identified the $62,000–$62,500 zone as a "strong resistance area" that could cap upside.
- The Kobeissi Letter declared global equities "in the midst of one of the most powerful rallies in history" after the Dow Jones closed at record highs the prior session and total global stock market cap hit new all-time highs.
- Mosaic Asset Company called the weak US nonfarm payrolls report a "Goldilocks figure" — cool enough to ease rate-hike fears but not so weak as to trigger growth concerns — fueling the risk-asset rebound.
- CME Group's FedWatch Tool showed roughly equal odds of a pause or a hike at the Fed's September meeting, with rates expected to stay at current levels until then.
Why it matters: Bitcoin is testing a technically significant 200-week moving average near $62,652, and a decisive weekly close above it would confirm a structural breakout rather than a short-squeeze. Meanwhile, the Fed's near-term policy path is genuinely contested — FedWatch shows coin-flip odds between a pause and a hike in September — meaning BTC's price is riding on data prints as much as on chart levels.
