Bitcoin crosses $66,000 after five straight days of U.S. spot ETF inflows.
Bitcoin jumped 3% in the prior four-hour session to reclaim $65,000 and push through $66,000 resistance, according to chart data. Derivatives volume spiked 95% to $59.67 billion during the period, while open interest…
Source: CoinGape · July 21, 2026 at 8:31 AM · AI-assisted report
Single-sourceKUALA LUMPUR, 21 JULY 2026 —
Bitcoin jumped 3% in the prior four-hour session to reclaim $65,000 and push through $66,000 resistance, according to chart data. Derivatives volume spiked 95% to $59.67 billion during the period, while open interest rose 2.36% to $49.07 billion, indicating new long positions. Options trading surged 138% to $3.25 billion, with open interest up 1.86% to $32.67 billion, showing traders were hedging even amid uncertainty.
Market Impact
U.S. spot Bitcoin ETFs took in $227 million on July 20, extending the five-day inflow streak. The funds’ total net assets climbed to $79.16 billion. Spot Ethereum ETFs added $38.09 million the same day, helping lift total crypto market capitalisation 1.56% to $2.24 trillion in 24 hours.
Investor sentiment improved after U.S. President Donald Trump accepted an ethics clause tied to the proposed CLARITY Act. The bill would split digital-asset oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Lawmakers aim to pass it before Congress recesses in early August, when progress could stall. Passage would send the bill to the House and then to Trump for approval.
The four-hour chart shows Bitcoin trading between $65,140 and $65,623, with the Relative Strength Index at 62, still below overbought levels. A sustained break above $66,000 opens targets at $67,000 and $70,000, while failure to hold $65,000 risks a drop to $64,000 and possibly $63,000. The MACD remains bullish, but the market’s ability to stay above $65,000 will dictate the next move.
Traders will watch whether ETF inflows continue and whether the derivatives surge leads to follow-through buying. Passage of the CLARITY Act before the recess is also a near-term catalyst.