Bitcoin bounced from $58,000 toward $62,000 this week, while altcoins recovered and ETF inflows returned.

Although July has only just begun, the past seven days brought some much-needed and long-awaited relief to the cryptocurrency market, even if the overall sentiment remains nothing but fragile.

Last week at this time, Bitcoin was still struggling around the $60,000 mark after the painful correction that was charted in June. The cryptocurrency spent the weekend moving mostly sideways, as neither bulls nor bears managed to take control.

The real action only started at the beginning of the business week. BTC attempted to recover, but was quickly rejected near $60,700,…