Bitcoin Shrugged Off a Big Corporate Sell-Off and Middle East Strikes This Week
BTC bounced back to $64K after Strategy sold 3,500 coins and US-Iran tensions flared. Here's what that resilience means for your holdings.
Bitcoin spent the past week getting punched from two different directions — a massive sale by its biggest corporate holder and fresh military strikes between the US and Iran — and it still ended up higher than where it started. That kind of bounce-back matters more than the daily price swings, because it hints at how much genuine buying demand is sitting underneath the market right now.
From near two-year lows to $64,000
Just over a week ago, bitcoin briefly dropped below $58,000, its lowest level in nearly two years, according to CryptoPotato. From there it clawed back the $60,000 mark and kept climbing through the following weekend, touching $63,300 before easing slightly to $62,500.
Monday brought a fresh push to $64,000 — the first time BTC had traded that high in two weeks. That’s exactly when things got messy.
A 3,500 BTC sale, then a Middle East flare-up
Strategy, the corporate giant known for holding more bitcoin than almost anyone else, announced its second sale in under two months, offloading more than 3,500 BTC. The market reacted instantly, sending prices down to $61,200. Unlike the sharper slide that followed the company’s previous sale back in early June, buyers stepped in this time and pushed bitcoin back up to almost $64,800.
The relief was short-lived. Mid-week, the US and Iran launched new strikes against each other, and reports indicated the sitting US president said a memorandum of understanding between the two countries was over. Bitcoin slipped again, this time to $61,600, as geopolitical risk spooked traders.
Yet once again, the dip didn’t stick. News that the two countries were reportedly arranging new talks helped bitcoin climb back to $64,500, putting it up roughly 3.5% for the week, according to CryptoPotato’s data.
What about ETH, SOL and XRP?
Ethereum tracked a similar path, climbing back to around $1,800, up close to 3% on the week. Solana had a rougher stretch, struggling to hold the $80 level as it underperformed most of the market. XRP was the steadiest of the bunch, defending its $1.10 support and sitting near $1.11, down just 0.35% for the week.
XRP holders also got a genuine piece of good news separate from price action: Ripple secured a full Crypto Asset Service Provider license from Luxembourg’s regulator under Europe’s MiCA framework, according to CryptoPotato. That authorization lets Ripple offer its regulated payments platform across the entire European Economic Area — a meaningful regulatory milestone regardless of what the token’s price does day to day.
Total crypto market capitalization stood at roughly $2.29 trillion over the week, with about $61 billion in 24-hour trading volume, and bitcoin’s share of the overall market — its “dominance” — held at around 56.5%, per QuantifyCrypto data cited by CryptoPotato.
Why this matters for your wallet
For everyday holders, the real story isn’t any single price number — it’s that bitcoin absorbed two genuinely bearish events, a huge institutional sale and a geopolitical shock, without collapsing. That resilience doesn’t guarantee future gains, and crypto remains volatile enough that another rough week is always possible. But it does suggest there’s still meaningful buying interest ready to step in whenever the market pulls back, which is worth watching if you’re deciding whether to hold steady through the noise.
Read more: XRP’s $1B Token Unlock Looks Scary — Here’s Why It’s Actually Routine
