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Bitcoin $BTC touched its highest price in nine days, reaching $62,300, as the Dow Jones Industrial Average and the total global stocks market capitalisation simultaneously printed all-time highs in the session leading into the US Independence Day holiday.
Equities Drove the Move, Not Crypto Fundamentals The correlation is the story here.
Bitcoin's July peak did not arrive on the back of an on-chain catalyst — no major protocol upgrade, no sudden surge in wallet activity that the source identifies.
Instead, the token tracked broad risk appetite upward as equity benchmarks reached historic levels.
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