Bitcoin price rebounds above $64K as market eyes 2026 $100K target

Bitcoin recovered to trade above $64,000 after a sharp sell‑off that saw the asset fall from $65,409 to $62,466 on July 31 and continue lower into early August. The decline was driven by panic selling among short‑term holders and concerns over a Coldcard hardware‑wallet hack, while long‑term holders also took profits. By August 3 the market showed a net purchase of roughly 3,150 BTC, indicating early accumulation, and spot‑market net flow turned positive at about $105.7 million.

Analysts also discuss whether Bitcoin could reach $100,000 by 2026. Factors cited include the ongoing US‑Iran conflict, rising oil prices, inflation pressures, and the potential passage of the CLARITY Act, which would provide clearer regulation and investor protection in the United States. Historical four‑year cycles suggest another peak could emerge later in the decade, but short‑term challenges remain.