What Happened in Bitcoin Today? Bitcoin's Best Week Since March While Altcoins Catch a Bid

Markets are pricing in a dovish Fed pivot, and capital is starting to rotate beyond Bitcoin into altcoins and Ethereum.

Bitcoin sits at $63,000 with little change on the day, up roughly 6.4% over the past week. That number alone undersells what's happening beneath. The rally has broadened past Bitcoin into altcoins and Ethereum, with sentiment climbing off its floor, and a political comment out of Washington added an unexpected tailwind, all while a quieter mining story builds pressure that the price action isn't showing yet.

Why Did Bitcoin Have Its Best Week Since March? A Fed-Driven Relief Rally, Not a Fresh Bull Case

Bitcoin logged close to a 7% gain in the week ended July 5, its strongest since March, according to CoinDesk. The driver is worth isolating: cooling inflation expectations, not the labor-market miss that shaped coverage earlier in the week. Markets are repricing the odds of near-term rate relief, and that repricing is doing more work on price than any single headline.

That flow extended into a second consecutive day of ETF demand: $266M in net inflows on July 6, with BlackRock's IBIT alone accounting for $209M. 

Is Altseason Starting? Capital Rotates Beyond Bitcoin as a Political Comment Adds Fuel

Sentiment and capital flows are both loosening at once, and neither is fully confirmed yet.

• Altcoins gaining ground: CoinMarketCap's Altcoin Season Indicator climbed to 52/100, a three-month high.

• Ethereum outperforming: ETH is up close to 11.6% for the week, nearly double Bitcoin's pace.

• Sentiment improving: CoinMarketCap's Fear & Greed Index reads 28, still labeled "Fear" but off the extreme-fear readings seen earlier.

• Confidence caveat: A specific week-over-week comparison isn't confirmed cleanly enough across sources, so the honest read is improving, not resolved.

• Political tailwind: President Trump said he's "a big fan of crypto" and left open the possibility of adding Bitcoin to the newly launched Trump Accounts savings program, speaking July 6 at the program's launch.

• Confirmation status: The comment is confirmed across four independent outlets and functions as sentiment fuel rather than policy, nothing has been formalized.

Underneath the Rally, Bitcoin Mining Is Quietly Tightening

The number that deserves attention hasn't shown up in the price yet. SBI Crypto is shutting its mining pool July 31, forcing roughly 2% of network hash rate to relocate. That's landing at an awkward moment: difficulty just jumped 7.15% even as miner profitability, measured by hashprice, fell 18% over the past month.

Broken down simply:

• The mining pool closing: SBI Crypto, a company that manages about 2% of all the computers mining Bitcoin worldwide, is shutting down July 31. Those miners have to move to a different pool.

• Why it's happening now: Bitcoin automatically makes mining harder every two weeks based on how many miners are competing.

• The squeeze: Harder mining + lower profit at the same time equals the weakest, least efficient miners get pushed toward the exit first. Bigger, cheaper-power operators are fine; smaller ones start bleeding.

• Why it matters independent of price: This is a stress signal on the miners themselves, not on Bitcoin's price. Price could be rallying (which it is) while mining economics are quietly getting worse underneath it, the two don't move together.

So the plain takeaway: Bitcoin's price is having a good week, but the people running the machines that secure the network are having a harder one.

Coinjuice Lens: Market Structure

The mining squeeze sitting underneath a broadening rally is a reminder that infrastructure stress and price strength run on separate clocks. A rally can extend for weeks before miner economics catch up to it, or before they don't.

Good news like this is only useful if you know how to act on it. The Coinjuice ebook walks through buying with precision, reading the chart, not chasing the headline.

NEWS BEHIND TODAY'S PULSE

• Bitcoin posts best week since March — CoinDesk, July 6, 2026

• Bitcoin ETFs see $266M inflow, BlackRock leads — CryptoBriefing (also carried by CryptoPanic, citing SoSoValue)

• Altcoin Season Indicator hits 3-month high — CoinDesk, July 6, 2026 (this is where the 52/100 reading and ETH-outperformance context is actually reported; the raw index itself lives on CoinMarketCap's Altcoin Season Index page)

• Trump says he's "a big fan of crypto," open to Bitcoin in Trump Accounts — Bitcoin Magazine, July 6, 2026

• SBI Crypto to shut down mining pool holding ~2% of hash rate — CoinDesk, July 2, 2026; the difficulty jump (+7.15%) and hashprice drop (-18%) figures come from bitcoinfo.net

BTC ~$63,000s (week-on-week +6.4%) · ETH +11.6% week-on-week · Altcoin Season Index 52/100 · Fear & Greed 28 ("Fear") · Mining difficulty +7.15%, hashprice -18% (past month). Price data: DefiLlama. ETF flows, sentiment index, Trump comments, and mining figures: external sources as cited above, unverified against DefiLlama.