Bitcoin Tops $60,000 as Metaplanet Expands Treasury to 43,000 BTC
Bitcoin traded back above the psychologically important $60,000 level as investors digested renewed corporate accumulation and a broad recovery across digital assets.
Summary:
- Bitcoin climbed above $60,000 on July 2 as broader crypto markets recovered, lifting total market capitalization above $2.09 trillion.
- Japanese investment firm Metaplanet increased its Bitcoin holdings to 43,000 BTC after purchasing 2,823 BTC for approximately $221 million, reinforcing the corporate treasury trend.
- Despite the rebound, derivatives markets remained volatile, with more than $447 million in liquidations over the past 24 hours.
The world’s largest cryptocurrency changed hands near $60,324, up 3.1% over the past 24 hours, while Ether rose to $1,619, gaining 3.1% during the same period. Total cryptocurrency market capitalization climbed 2.4% to approximately $2.09 trillion, although sentiment remained subdued with the Crypto Fear & Greed Index holding at 19, signaling continued extreme fear.
Metaplanet Expands Bitcoin Treasury
Supporting market sentiment was another large purchase from Japan’s Metaplanet, which announced it had acquired 2,823 Bitcoin for approximately $221 million during the second quarter.
メタプラネット、ビットコインをさらに 2,823 BTC追加取得、保有量は合計 43,000 BTCに pic.twitter.com/eqCWDPn8kn
— Metaplanet Inc. (@Metaplanet) July 2, 2026
The latest acquisition increases the company’s treasury to 43,000 BTC, placing Metaplanet among the world’s largest corporate Bitcoin holders and just behind Twenty One Capital, which according to Bitcoin Treasuries holds roughly 43,514 BTC.
The purchase reinforces a trend that has accelerated throughout 2026 as publicly listed companies continue adopting Bitcoin as a treasury reserve asset despite heightened market volatility.
Corporate treasury accumulation has increasingly become a source of structural demand, offsetting weaker retail participation seen throughout much of the year.
Bitcoin Holds Above Key Technical Support
From a technical perspective, Bitcoin continues trading above all four major moving averages on the 15-minute timeframe, suggesting short-term momentum remains constructive.
Bitcoin recently rebounded from the $58,200-$58,500 support zone before reclaiming $60,000. Immediate resistance now sits around $60,450, followed by the recent intraday high near $61,000.
The Relative Strength Index (RSI) has cooled toward neutral territory near 49, indicating bullish momentum has moderated following the recent rally while leaving room for another move higher should buyers regain control.
READ MORE: Trump Reports $1.4B Crypto Income as Vance Adds Bitcoin
Ethereum is showing a similar technical structure.
The second-largest cryptocurrency traded near $1,592 after recovering from recent lows and continues holding above its short-term moving averages. Resistance remains near $1,620, while support is concentrated between $1,575 and $1,580.
Derivatives Remain Highly Volatile
Despite improving spot prices, derivatives markets continued to experience elevated volatility.
According to CoinGlass, approximately 123,300 traders were liquidated during the past 24 hours, with total liquidations reaching $447 million.
Short positions accounted for roughly $265 million, compared with $182 million in long liquidations, reflecting sharp price swings across major cryptocurrencies.
Bitcoin represented the largest share of liquidations at approximately $147 million, followed by Ether at $75 million. The single largest liquidation occurred on Hyperliquid, where one position worth nearly $9.9 million was forcibly closed.
Solana Outperforms Large-Cap Tokens
Among major cryptocurrencies, Solana continued outperforming peers.
SOL traded around $78, rising 4.7% over 24 hours and more than 13% over the past week, making it one of the strongest performers among the largest digital assets.
By comparison, XRP gained roughly 2%, BNB advanced nearly 1%, while Dogecoin added more than 2% during the session.
Although the broader market remains well below previous cycle highs, improving price action and continued corporate accumulation suggest institutional demand continues to provide support even as macroeconomic uncertainty keeps overall investor sentiment cautious.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Alexander Zdravkov
Reporter at CoinsPress
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
