As we crawled toward the weekend, last week felt like it was 100 days long, and the only way was down. But then, things took a turn. The US-based spot Bitcoin ETFs recorded high inflows on Friday, July 5, and BTC jumped $5,000 over the weekend. What now? Well, there are arguments for both directions. In other news, social-engineering scams from fake Coinbase representatives led to $1.7 million being drained in a terrifying way, and the infamous Pink Drainer got a taste of its own medicine when it was hit with an address poisoning scam.

Further reading:

• BTC price risks ‘double top’ — 5 things to know in Bitcoin this week
• Spot Bitcoin ETFs see record inflows after July 4 dip
• Bitcoin mining difficulty hits lowest level since March as price tops $57K
• 5 bullish arguments that Bitcoin price just bottomed at $53K
• Coinbase-posing scammers steal $1.7M from a user amid a string of attacks
• Karma served: Pink Drainer gets hit with address poisoning scam

So, grab yourself a coffee, and let’s get into it!

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