Bitcoin rose above $62,000 on July 3, 2026, as Glassnode data showed that 10.83 million BTC were held at a loss while 9.22 million remained in profit, the first time loss‑holding supply has exceeded profitable supply since the start of the current cycle. The price rebound followed a decline in the semiconductor trade that had previously driven cryptocurrency volatility, and altcoins such as Cardano, Hyperliquid and Worldcoin posted gains of 14%, 6-7% and 8% respectively. The CoinDesk 20 Index rose 1.7% and the broader market remained calm as U.S. equity markets were closed for the Independence Day holiday. Oil prices stayed below $70 per barrel after a sharp drop linked to the end of the Iran‑related conflict, while gold rose 1% and silver 2.1% following weaker U.S. jobs data that reduced expectations for a Federal Reserve rate hike. The June jobs report showed only 57,000 jobs added, well below the 110,000 consensus, prompting the Fed to keep rates steady through September and delay any hike until October at the earliest. Analysts noted that reduced macro pressure could support a return of inflows to spot Bitcoin ETFs. Bitfinex analysts said the recent altcoin outperformance aligns with historical patterns in which altcoins sell off first and recover early. Solana gained 35% since early June, while Bitcoin edged higher after falling to a 21‑month low below $58,000 earlier in the week. Long‑term holder activity has increased, with whales accumulating during price weakness, a trend that historically precedes market bottoms. Glassnode data indicated the loss‑holding supply crossover occurred amid ongoing ETF outflows, though strategists expect modest inflows in July as liquidity remains limited. A congressional hearing on the CLARITY Act is scheduled for July 17, and a successful passage could add further catalyst to the market. Whether the loss‑supply milestone signals a market bottom will depend on continued macro stability and ETF flow trends. Analysts remain cautious, noting that a decisive break above the 200‑week moving average near $62,660 is needed to confirm a sustained bullish reversal.