Bitcoin traded at $58,649.87 on Wednesday, July 1, 2026, down 2.7% over the past 24 hours and 6.5% over the past seven days, as institutional demand weakened and macroeconomic pressures intensified. The world's largest cryptocurrency has retreated from a weekly high of $62,969.68 set on June 24, leaving it vulnerable to further downside if key support levels fail to hold.