Bitcoin Reclaims $63,000 as Solana Extends Weekly Lead; ETH Underperforms on Softer Bid

Bitcoin closed Thursday at $63,356, up 1.7% on the session and extending its 30-day advance to 13.7%, as Solana continued to outperform major crypto assets with a weekly gain of 9.2%. Ether lagged the tape at $1,750, down 3.7% over seven days, while XRP held the $1.10 handle.

Market Overview

Bitcoin led major crypto assets higher Thursday, closing at $63,356 with a 1.7% daily gain and reclaiming the $63,000 handle after two sessions of consolidation. The 30-day move now sits at +13.7% ↑, the strongest trailing-month print among the four majors. Solana extended its weekly outperformance to +9.2% ↑, while ether continued to lag, closing at $1,750.04 with a seven-day loss of 3.7%.

Asset Price Analysis

The tape favored large-cap and Solana beta over ether throughout the session. BTC's push through $63,000 came on a firm bid into the New York close, with the pair holding above the round number into settlement. Resistance sits at the recent range top near $64,500; support at $61,800 held cleanly on Wednesday's dip.

BTC: $63,356 +1.7% ↑ 24h -0.6% ↓ 7d +13.7% ↑ 30d
ETH: $1,750.04 +0.4% ↑ 24h -3.7% ↓ 7d +3.7% ↑ 30d
SOL: $78.21 +0.5% ↑ 24h +9.2% ↑ 7d +15.6% ↑ 30d
XRP: $1.10 +0.7% ↑ 24h +1.7% ↑ 7d +8.4% ↑ 30d

The BTC/ETH divergence is the story of the week. Bitcoin's 30-day return leads ether's by roughly ten percentage points, and Solana's monthly print now sits ahead of BTC. The pattern is consistent with capital rotating along the risk curve past ether rather than through it — a dynamic that has been building since late June.

ETF Flows

Issuer reports for Thursday's session have not yet settled. Wednesday's settled tape, per InflowScan data, showed -$86.2M ↓ in aggregate net outflows across spot crypto ETFs, driven by concentrated bitcoin-product redemptions that were only partially offset by a large Grayscale bitcoin trust print.

GBTC (Grayscale): -$65.3M ↓
IBIT (BlackRock): -$60.6M ↓
FBTC (Fidelity): -$15.2M ↓
BTC (Grayscale mini-trust): +$54.2M ↑
FSOL (Fidelity): +$1.7M ↑
ETHV (VanEck): +$1.3M ↑

XRP fund coverage on Wednesday was partial — 8 of 9 funds reported, with XRPK still settling. Thursday's figures, which will land in tomorrow's pre-market brief, will show whether the price bid that carried BTC through $63,000 was matched by primary-market demand or whether the move was driven by spot and derivatives flow.

Stablecoin Flows

USDT supply expanded by $328M over the past 24 hours to $183.3B, per InflowScan data, while USDC contracted marginally by $9.9M to $73.4B. The net add across the two majors points to dry powder continuing to build on the tether side, consistent with the offshore bid that has underpinned recent BTC and SOL strength.

Outlook

Levels to watch into Friday's session: BTC resistance at $64,500 and support at $61,800; ether needs to defend $1,720 to avoid a break of its late-June range floor. Solana's weekly momentum will be tested at the $80 round number. Thursday's ETF flow tape lands with tomorrow's pre-market brief — the key data point is whether IBIT snaps its two-session outflow run given the price recovery.