Bitcoin's July Average Historical Gain Reaches 7.5%, Among Strongest Months: QCP Capital

According to QCP Capital's latest market report, Bitcoin started July on a strong note, with the cryptocurrency's historical average July gain at around 7.5%, making it one of its strongest performing months. Last week's weaker-than-expected U.S. June non-farm payroll data, which added only 57,000 jobs versus market expectations, provided short-term support, prompting BTC to rebound from the $58,000 support level.

Meanwhile, implied volatility in crypto markets declined slightly, with options market demand for $70,000 call options notably strong heading into month-end, reflecting capital positioning for seasonal gains.