Crypto Weekly Recap: Bitcoin Reclaims $62K as Strategy, MiCA and OUSD Make Headlines

Bitcoin climbed back above $62,000 and Ethereum reclaimed the $1,700 level over the week of June 29 to July 3, as the broader crypto market absorbed a string of high-profile developments, according to CoinGape. The meme coin market capitalization also expanded from roughly $22 billion on June 29 to $26 billion by July 4, reflecting a broader risk-on mood across digital assets.

Four separate stories dominated the week’s news flow, each carrying implications not just for token prices but also for crypto-linked equities such as Strategy (NASDAQ: MSTR) and Circle (NYSE: CRCL), CoinGape reports.

Strategy’s $1.25 Billion Bitcoin Monetization Plan

Bitcoin treasury company Strategy said on June 29 that it may sell up to $1.25 billion worth of Bitcoin to fund its U.S. dollar reserves, CoinGape reported. Part of the proceeds from any such sale would reportedly be redirected toward shoring up the firm’s cash position.

The announcement coincided with gains in MSTR shares during the week, according to the outlet’s summary, underscoring how closely the stock continues to track sentiment around the company’s large Bitcoin holdings.

Trump’s $1.4 Billion Crypto Disclosure

The week also brought renewed attention to disclosures tied to Donald Trump’s crypto-related earnings, which CoinGape put at $1.4 billion. The report was cited among the week’s most consequential developments alongside regulatory and product news, though further specifics were not detailed in the available summary.

MiCA Takes Effect and OUSD Stablecoin Debuts

Europe’s Markets in Crypto-Assets (MiCA) regulatory framework moved into a new implementation phase during the week, according to CoinGape, adding to the list of events shaping trading activity across the industry.

Separately, the OUSD stablecoin launched during the same period, marking another entrant into a stablecoin market that has drawn increasing scrutiny from regulators and institutions alike.

Read more: BIS Says Stablecoins Can’t Function Without Central Bank Backing

Broader Market Backdrop

Bitcoin’s move back above $62,000 and Ethereum’s recovery to $1,700 came as meme coins added roughly $4 billion in combined market value over the same window, according to CoinGape’s tally. The combination of a corporate treasury announcement, a high-profile earnings disclosure, a regulatory milestone in Europe and a stablecoin launch gave traders multiple catalysts to track simultaneously.

Crypto-linked stocks including Strategy and Circle were singled out by CoinGape as bellwethers for how these events rippled beyond token prices into equity markets, reflecting the increasingly intertwined relationship between digital asset news and traditional financial instruments tied to the sector.