1416 ET - Bitcoin is down 2.3% to $62,211, trimming its recent rebound after finding fresh lows around $57,000 last week. Possibly the hottest topic among analysts is where the bottom of this cycle is--or if its already been reached. "Current conditions typically dampen short-term sentiment, but provide a necessary environment for passive demand to absorb supply from exiting hands," explains analysts with Bitfinex in a note. That includes hedge funds, with bitcoin ETFs having net inflows for three consecutive days, with $510.7 million in net inflows reported in that time, according to data from CoinGlass. Ethereum falls 2.4% to $1,740, and XRP is down 2.5% to $1.09. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

July 08, 2026 14:16 ET (18:16 GMT)

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