Bitcoin price tags $62.3K nine-day high as global stocks set records

Bitcoin price tags $62.3K at a nine-day high on July 3, 2026, as bulls keep pushing through the US Independence Day holiday. BTC reached $62,295 on Bitstamp—its highest since June 24—while the Dow Jones and global stock market cap hit all-time highs and weaker US jobs data eased Federal Reserve rate-hike fears.

The move marks new highs for July and extends upside momentum that traders have watched since late June. With US equity markets closed for the holiday, crypto markets remained active as one of the few live venues for risk appetite heading into the long weekend.

Key Takeaways

• Bitcoin hit $62,295 on Bitstamp, a nine-day high and the best July level so far.
• The Dow Jones closed at a record high the day before the holiday; global stock market cap also reached a new peak.
• Weaker US payrolls data cooled expectations for further Fed tightening, supporting risk assets.
• Analysts flag $62,000–$62,500 and the 200-week simple moving average near $62,652 as strong resistance.
• EU MiCA's transition period ended July 1, requiring unauthorized crypto firms to wind down EU operations.

Why did Bitcoin rally toward $62.3K on Friday?

Bitcoin (BTC) sustained upside momentum as price action approached its 200-week moving average. Data from TradingView showed BTC/USD reaching $62,295 on Bitstamp, the highest level since June 24.

Weaker US nonfarm payrolls data reduced the odds of additional Federal Reserve rate hikes as global equities hit record levels. Fed rate-hike odds simmered on the softer jobs print, according to market coverage of the session.

US markets were closed for Independence Day, but the rally followed a session in which the Dow Jones Industrial Average closed at a record high. Trading resource The Kobeissi Letter noted that global stock market capitalization also hit a new all-time high, writing on X that "global equities are in the midst of one of the most powerful rallies in history."

How are global stock records affecting crypto markets?

Bitcoin set new July highs on the same day global equities reached record levels, with Fed rate-hike odds easing on weaker jobs data. The Kobeissi Letter described global equities as being in one of the most powerful rallies in history as market capitalization hit a fresh peak.

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Bulls kept pushing over the US holiday period even with US equity markets closed. Whether that momentum holds will become clearer when traditional markets reopen after Independence Day.

What resistance levels could cap Bitcoin's next move?

Despite the nine-day high, several technical barriers sit just above current levels. Traders have highlighted $62,000 to $62,500 as a strong resistance area that could slow further upside.

Daan Crypto Trades pointed to the 200-week simple moving average, currently near $62,652, as a key level for the weekly candle close. That trend line now forms the center of a broader resistance zone traders are watching closely.

According to Cointelegraph's market coverage, analysts see room for continuation higher—but only if Bitcoin can clear these nearby ceilings with conviction.

What does the end of EU MiCA's transition mean for crypto firms?

While Bitcoin rallied on macro tailwinds, Europe's regulatory landscape shifted sharply this week. The transition period under the EU's Markets in Crypto-Assets (MiCA) regulation came to an end, entering a new enforcement phase.

Crypto companies without MiCA authorization can no longer legally serve EU clients and are expected to wind down operations or face multimillion-euro fines and other enforcement action. Lawyers and industry executives told Cointelegraph that national regulators may apply the bloc's single rulebook differently, as day-to-day supervision falls to national competent authorities.

Regulators in the Czech Republic, Bulgaria, Luxembourg, and Italy have issued notices reminding firms that the transition has ended and urging providers without authorization to wind down their operations.