Bitcoin (BTC) Breaks Through $66,500 — Highest Since Mid-June
Bitcoin was trading at $66,544 as of July 21, 2026, continuing the positive momentum from last weekend when BTC briefly touched $65,700. This marks Bitcoin's highest level since mid-June 2026 and technically confirms that the $65,000 resistance, which had acted as a barrier for weeks, has been successfully breached.
Bitcoin's market capitalization currently stands at approximately $1.33 trillion, maintaining its dominance far above Ethereum as the largest crypto asset. Since hitting a low of around $58,000 in early July, BTC has now risen more than 14% — a significant recovery in less than three weeks.
Track today's Bitcoin price in real-time on Mobee.
Ethereum (ETH) Approaches $2,000 — Up 20% Since Early July
Ethereum was trading at $1,942 as of July 21, 2026, up from $2.83 in August 2015 to its current level — an extraordinary historical growth that is once again capturing attention after ETH emerged as an outperformer this month.
Since the beginning of July, Ethereum has risen by about 20%, outpacing Bitcoin's gain of approximately 14% over the same period. This is a signal analysts are watching: when ETH outperforms BTC in percentage terms, it typically indicates a broader return of risk appetite for ecosystem altcoins. The $2,000 level is now the next psychological target the market is eyeing.
Factors Behind Today's Rally
Three catalysts are working in tandem to drive today's gains.
First, positive expectations for tech earnings. The second-quarter earnings season for major US tech companies begins this week — and market expectations for the profits of AI-related companies remain high despite concerns over valuations. Positive sentiment in tech equities usually spills over into risk assets, including crypto.
Second, market positioning ahead of the FOMC. The market currently assigns a roughly 70% probability that the Fed will hold interest rates steady at the July 28–29 meeting. This relatively low probability of a hike gives investors room to re-enter risk assets before the official decision is announced.
Third, the return of ETF inflows. After a long period of outflows that pressured prices in June, US spot Bitcoin ETFs have begun to record consistent positive inflows. BlackRock's IBIT and Fidelity's FBTC have both recorded positive inflows in the last few sessions — a signal that institutional investors are beginning to take positions again.
Bitmine ETH Holdings Approach New Levels
On the institutional side, Bitmine Immersion Technologies, led by Chairman Tom Lee, now holds 5.77 million ETH tokens with total crypto and cash holdings of $11.3 billion — making it one of the largest institutional holders of ETH in the world. Aggressive accumulation at the $1,800–$1,900 level by institutions like Bitmine is one of the strongest medium-term bullish signals for Ethereum.
What to Watch This Week
With the July 28–29 FOMC meeting approaching, this week will be decisive for the direction of the crypto market over the next one to two months. If the Fed holds rates steady and Warsh provides a more accommodative tone than expected, the ongoing rally could continue strongly toward $70,000 for BTC and $2,200–$2,500 for ETH. Understand how Fed policy affects crypto prices remains the most important context for reading this week's market movements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions in the crypto market.
