Bitcoin’s slide below marked a fresh yearly low, but the move didn’t last as a surge in high‑volume buying quickly flipped sentiment, driving the price back above $60,000. After capping a first half of the year marred by steep losses, bitcoin ( BTC) kicked off July on a volatile note, plunging to a fresh yearly low before an aggressive short-squeeze propelled the asset back over the $60,000 threshold. Market data reveals that while BTC initially found a temporary anchor above $58,000 during the afternoon of June 30, selling pressure intensified ahead of the monthly close, sending it tumbling to an intraday low of $57,735.