Bitcoin climbs above $66,000 amid broad crypto rally

Bitcoin traded above $66,000 on Tuesday, July 21, 2026, reaching its highest level in over a month amid a broad rally across cryptocurrency markets. The price recovery from lows near $63,750 earlier in the week was supported by a combination of improving risk sentiment, sustained inflows into spot Bitcoin exchange-traded funds (ETFs), and reports of progress on U.S. crypto legislation.

The rally lifted Bitcoin's market capitalization to approximately $1.33 trillion, while the total value of the crypto market added roughly $70 billion in a single day. Altcoins participated widely, with Ethereum approaching $1,950 and assets like Cardano posting gains exceeding 8%. Analysts noted that the breadth of the advance made the rebound appear more convincing than a move isolated to Bitcoin.

Market sentiment was bolstered by several developments. Spot Bitcoin ETFs recorded net inflows of $226.92 million on Monday, marking a fifth consecutive trading day of positive demand. Reports also indicated progress on the proposed U.S. CLARITY Act, with an ethics provision seen as a central obstacle reportedly being accepted. Furthermore, a proposed 10-day ceasefire between the United States and Iran...