Prices mixed as analysts debate whether crypto has bottomed

Bitcoin and Ethereum traded mixed on Thursday, July 23, as analysts openly debated whether the market had put in a genuine bottom.

The bull case leaned on July's recovery from June's multi-year lows, returning ETF inflows earlier in the month, and steady corporate accumulation. The bear case pointed to thin volumes, a still-hawkish Federal Reserve, and recurring geopolitical and inflation shocks that kept capping every rally.

With Bitcoin oscillating in the mid-$60,000s, the standoff between the two camps left prices without clear direction.