# Crypto Markets Gain $70B as Bitcoin Hits Monthly High: Market Watch Bitcoin surpasses $66,000 to reach a monthly peak, altcoins also turn green. - **Source:** [CryptoPotato](https://brifing.si/source/bd22636b-ec8d-42a8-8cca-1937c50e0f6c) - **Published:** 2026-07-21 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/f3b0b757-0b71-48e3-8c7c-d255982a092a ## Bitcoin Reaches Monthly Peak Bitcoin quickly recovered after dipping below $64,000 on Monday morning, climbing above $66,000 to hit a monthly high. This rise was supported by positive CPI data and increasing investor interest. Bitcoin's market cap reached $1.330 trillion, and its dominance over altcoins also increased. ## Altcoins Turn Green Ethereum tested the $1,950 level, while XRP challenged the $1.13 resistance. Cardano stood out with an 8% surge, reaching $0.175. Altcoins like BCH, UNI, and AAVE also showed strong performance. The total market cap rose by $70 billion in a day, reaching $2.320 trillion. ## Impact of CPI Data Positive CPI data for June triggered a rally in Bitcoin and altcoins. Bitcoin saw $65,500 for the first time in three weeks. The data indicated reduced inflation pressure, leading investors to riskier assets. This created a general optimism in the crypto markets. ## Weekly Market Movements Last week, Bitcoin dropped below $62,000 due to tensions in the Middle East. However, recovery began after the CPI data. The upward trend continued over the weekend. After a Monday dip, Bitcoin quickly rebounded to $66,300. The market is now stabilizing at these levels. ## Standout Altcoins Cardano (8%), ONDO (14%), and other altcoins performed strongly. Ethereum is nearing its $2,000 target, while BNB approached $580. XRP and DOGE also gained 4% daily. The altcoin market is generally showing lively activity. ## Critical Period for the Market Crypto markets have reached levels not seen in a month, entering a significant period for investors. The rally led by Bitcoin has also energized altcoins. Global economic data and easing inflation pressure may continue to boost interest in crypto assets. ## Sources covering this story - https://cryptopotato.com/crypto-markets-add-70b-daily-as-bitcoins-price-hits-monthly-high-market-watch/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._