The global cryptocurrency market witnessed a revival in the trading session on Friday, July 10, 2026, after the price of Bitcoin (BTC) surged back above the psychological level of $64,000. This drastic recovery was strongly driven by the resurgence of risk appetite among global investors who chose to temporarily put aside the shadow of the security crisis in the Middle East.
The latest trading data confirmed that Bitcoin recorded a daily growth of 2.4%, hovering around the $64,316.8 level. This happened after touching the highest daily ceiling level in the range of $64,490.0. This surge puts Bitcoin back on track to lock in a weekly gain of around 1%, thus erasing a series of severe losses due to the previous US-Iran military conflict.
Futures market sentiment reportedly recovered immediately after US President Donald Trump's latest statement revealing that the Tehran administration had begun contacting Washington for a draft of a new peace agreement. This unexpected de-escalation declaration succeeded in allaying investors' fears of the risk of open war, thus dragging crude oil prices back from their peak.
Bitcoin's recovery surge was tracked to move in line with the pure momentum on Wall Street, where the giant technology stock sector led the rise in the commercial market to see the Nasdaq index close up more than 1%. Macro analysts assessed that Bitcoin is still firmly traded as a high-beta risk asset that is very sensitive to changes in equity market sentiment.
On the secondary digital asset counter, alternative crypto groups (altcoins) also turned green following Bitcoin's trajectory. Ethereum recorded a pure growth of 2.6% to $1,791.92, followed by a 2% strengthening of the XRP token to $1.114 and a 2.7% surge in the Dogecoin meme coin, while the US Bitcoin spot ETF product continued to receive consistent institutional capital inflows to absorb macro volatility.
