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Bitcoin Falls 2.89% This Week as Ethereum Confirms Death Cross; Traders Price 72.3% Chance of ETH $1,500 Dip

Prediction Market Market Analysis Capital Flow Price Prediction

2026-07-08 19:27:33

BTC-1.64%

ETH-1.68%

Bitcoin closed the week down 2.89% at $61,749 after failing to break resistance in the $64-65K zone, a key level bulls needed to reclaim to shift short-term momentum. Ethereum confirmed a weekly death cross—with its 50-week EMA now below its 200-week EMA for the first time in years—while prediction market traders on Myriad are pricing a 72.3% probability ETH touches $1,500 before $3,000 again. The broader crypto market reflected extreme fear, with the Fear & Greed Index at 23; however, spot Bitcoin ETFs ended a 10-day, $2.7 billion outflow streak with a single-day inflow of $221.7 million on July 2, followed by roughly $510 million in fresh flows.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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