Cryptocurrencies are tentatively recovering to begin the year’s third quarter. On July 3, Bitcoin (CRYPTO: $BTC) was trading at $62,128 U.S., having gained 1% in the last 24 hours. Bitcoin’s price is back above the key support level of $60,000 U.S. that analysts say is needed for a sustained rally to begin. A week ago, Bitcoin was trading at a 21-month low of $58,000 U.S. 

Other cryptocurrencies are also staging a rebound, with Ethereum’s price up 3% over the past 24 hours to $1,740 U.S. Heading into the July 4th holiday weekend in America, crypto prices were gaining ground as investors rotate capital out of high-flying microchip and semiconductor stocks such as Micron Technology (NASDAQ: $MU) and SanDisk (NASDAQ:…