Bitcoin's price climbed to $62,000 in July, marking a significant milestone in the cryptocurrency's recent rally, according to CoinTelegraph. Despite this upward momentum, the Coinbase premium—reflecting the price difference between Coinbase and other exchanges—entered a 77-day negative streak, indicating sustained discount pressure on the platform.
Meanwhile, inflows into US Bitcoin ETFs turned positive during the same month, signaling renewed institutional interest and potentially supporting further price gains. These ETF inflows highlight a growing acceptance of regulated Bitcoin investment products in the US market, as reported by CoinTelegraph.
For Japanese investors, this dynamic is particularly relevant as the local market continues to watch global trends in Bitcoin pricing and institutional adoption closely, influencing trading strategies across FX, crypto, and equities sectors.