Leading cryptocurrencies rallied alongside stocks on Tuesday following cooler-than-expected inflation numbers, despite elevated geopolitical tensions remaining in place.
<a href="https://cryptoz7.com/crypto-market-july-2026-bitcoin-at-breaking-point/” title=”Crypto Market July 2026: Bitcoin at Breaking Point”>Crypto Market Rallies
Bitcoinhit $65,000 for the first time in over three weeks, while Ethereumcame close to reclaiming $1,900, amid a broader market rally.
Cryptocurrency-related stocks also lifted, withStrategy Inc.(NASDAQ:MSTR) and Bitmine Immersion Technologies Inc.(NYSE:BMNR) closing down 5.95% and 11.50%, respectively.
Over $350 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish short traders bearing the brunt of the losses, accordingto Coinglass data
Bitcoin’s open interest rose 2.09% over the last 24 hours. Interestingly, Binance derivatives traders, both retail and whale, drastically lowered their long exposure to the leading cryptocurrency.
Cryptocurrency (Market Cap>$100 M) | Price (Recorded at 9:25 p.m. EDT) | |
The global cryptocurrency market capitalization stood at $2.15 trillion, contracting 2.06% over the last 24 hours.
Read Also:‘Not a Dent or a Scratch’—How Strategy Defies Naysayers in the Bitcoin Bear Market
Stocks Rally On Soft Inflation Print
Stocks bounced back on Monday. The Dow Jones Industrial Averagegained 9.63 points, or 0.02%, to end at 52,508.27. The S&P 500 advanced 0.38% to settle at 7,543.59,while the tech-heavy Nasdaq Composite closed up 0.9% at 26,107.01.
The June Consumer Price Index came in cooler than expected, sharply lowering odds that the Federal Reserve would increase rates at its policy meeting later this month, accordingto the CME FedWatch tool.
In other news, the U.S. military carried out an “additional round of strikes” against Iran in response to alleged attacks on commercial ships in the Strait of Hormuz. The U.S. also reimposed the naval blockade against Iranian ports.
At 3 p.m. ET today, U.S. Central Command forces began launching an additional round of strikes against Iran to continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz. The strikes are taking place as American forces prepare to resume the…
— U.S. Central Command (@CENTCOM) July 14, 2026
