Bitcoin and Ethereum ended the July 20-24 trading week modestly higher after strong midweek gains faded as investors turned cautious towards the weekend.
Bitcoin opened at around US$64,642 on July 20 before climbing to a weekly high of US$66,878 the following day. The largest cryptocurrency subsequently surrendered part of its gains, closing near US$65,225 on July 24 for a weekly increase of about 0.9%.
Ethereum, meanwhile, followed a similar but more volatile path, advancing from July 20’s opening level of US$1,869 to a weekly peak of US$1,953 on July 22. Selling pressure later dragged the token back to around US$1,877 by July 24, leaving it with a narrower weekly gain of about 0.4%.
Bitcoin received support from renewed institutional demand, with US spot exchange-traded funds recording seven consecutive days of net inflows and helping lift prices towards US$67,000. However, the rally struggled to hold as a firmer US dollar and weaker risk appetite weighed on digital assets.
The week’s performance showed that buyers remained willing to accumulate cryptocurrencies during price declines, but lacked sufficient conviction to sustain breakouts. Bitcoin’s ability to hold above US$65,000 offered some resilience, while Ethereum’s sharp retreat from US$1,950 highlighted continued selling pressure at higher levels.
Attention now turns to US monetary policy signals, particularly the Federal Reserve’s upcoming meeting, as interest-rate expectations and Treasury yields are likely to shape the next major move across the cryptocurrency market.
