Bitcoin rose 0.65% to $63,944 as of 1:00 PM on July 18, 2026, but trading volume fell 9.32% to $25.26 billion, signaling limited buying momentum. The Crypto Fear & Greed Index remained at 25 (extreme fear), while on-chain activity improved with active wallets rising to 496,049.
Price Action and Volume
The modest rebound follows a volatile week: after a 4.35% surge on July 14, Bitcoin saw three days of mixed moves before today's 0.13% daily change. The MACD daily indicator at 124.49 suggests short-term momentum is positive, but the weekly MACD at -5,859.62 indicates bearish pressure persists in the medium term. Volume decline despite price gains points to weak conviction, raising questions about the rally's sustainability.
Market Sentiment and Network Activity
Bitcoin dominance rose 0.16% to 58.52%, reflecting capital concentration in the largest cryptocurrency over altcoins amid uncertainty. The Fear & Greed Index dropped from last week's levels, while Google Trends score fell to 34 from 43, indicating waning public interest. The SSR ratio increased to 11.0947, suggesting reduced stablecoin buying power relative to Bitcoin's market cap. Active wallet count grew, showing improved network participation during the price recovery.
On-Chain and Macro Context
Exchange reserves edged up 0.02% to 2.7135 million BTC, and net inflows turned positive at 4 BTC, adding mild selling pressure. The NUPL rose 0.94% to 0.1657, indicating a slight improvement in unrealized profits but still early in recovery. Meanwhile, the S&P 500 fell and gold rose, reflecting a shift toward safe-haven assets, contrasting with Bitcoin's rebound. Data sources include CoinMarketCap, Alternative, Binance, CNBC, CryptoQuant, Blockchain.com, and Google Trends.