Bitcoin managed to hold on to its monthly gain in July despite what CoinDesk described as a steady stream of negative headlines through the month. Analysts cited in the report said the wave of “forced selling” that had weighed on the market appears to have largely run its course, removing one source of pressure that had previously pushed prices lower. That said, traders were not described as turning outright bullish. Instead, the mood remained cautious heading into August, with attention centered on macro risks rather than crypto-specific catalysts alone. The report pointed to fears around additional rate hikes and the release of jobs data as the main near-term factors hanging over sentiment. In that setup, analysts said bitcoin may face a choppy trading environment in August even after preserving its July advance.
Bitcoin held on to its gain for July even after absorbing a run of negative news during the month, according to CoinDesk.
The report said analysts see the earlier bout of “forced selling” as largely spent, easing one source of pressure on the market. Even so, traders remain cautious as August begins, with expectations for uneven price action rather than a clean directional move.
Rate hike fears and upcoming jobs data were highlighted as the key issues still facing the market. CoinDesk credited the article to Krisztian Sandor and listed Nikhilesh De as editor. The story was published on July 31, 2026, and updated later the same day.
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