Bitcoin tops $64,000 in Asia morning hours as HYPE jumps 8% on the week
Every major gained on Sunday, though bitcoin, ether, XRP and solana are all lower over seven days.
Make preferred on
Share this article
Summary
- Bitcoin hovered around $63,300 in Asian trading, little changed on the day and lower on the week, as cryptocurrencies stayed stuck in a tight range despite a softer dollar and reduced expectations for Federal Reserve rate hikes.
- Hyperliquid’s HYPE token was the standout performer, gaining more than 3 percent on the day and nearly 9 percent over the week, while other major tokens such as ether, solana and XRP saw modest moves and mostly weekly declines.
- Analysts say fading optimism, weaker exchange-traded fund inflows and uncertainty ahead of this week’s Fed minutes and a White House crypto meeting are keeping crypto markets subdued despite a more supportive macro backdrop.
