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Bitcoin traded around $63,460 during Asian hours on Monday, Aug. 17, recovering 0.7% over 24 hours but remaining 2.3% lower over seven days as the cryptocurrency market entered another week with limited momentum.
Bitcoin’s market capitalization stood near $1.27 trillion.
The broader crypto market was valued at roughly $2.24 trillion, while Bitcoin dominance remained close to 57%. Most large-cap cryptocurrencies posted modest daily gains, but weekly performance remained mixed after Bitcoin fell from above $65,000 during the previous week.
Bitcoin price remains below last week’s highs
Bitcoin’s latest rebound has yet to erase the decline from last week’s $65,400 area. $BTC fell as low as roughly $62,500 on Friday before stabilizing through the weekend and moving back above $63,000.
Ethereum was trading around $1,900.64, up 1% in 24 hours but 0.8% lower over seven days. XRP remained near $1.00 and was down 2.8% for the week. Solana traded around $75.47, down 0.1% daily and 1.4% weekly. BNB held near $605.63 and was 0.6% higher over seven days.
TRON changed hands near $0.332, gaining 0.4% daily and 0.7% weekly, while Dogecoin rose 0.6% to about $0.070.
The subdued Bitcoin performance follows another reversal in U.S. institutional flows. Spot Bitcoin ETFs recorded roughly $390 million in combined net outflows between Aug. 10 and Aug. 14, with Fidelity’s FBTC accounting for about $153 million. Spot Ethereum ETFs recorded a smaller $2.26 million weekly net outflow.
That marked a sharp change from the previous week, when, as crypto.newspreviously reported, Bitcoin ETFs attracted $853.5 million across five consecutive inflow sessions.
$HYPE and $LINK outperform major altcoins
Hyperliquid’s $HYPE remained one of the strongest large-cap performers. The token traded around $58.81, gaining 3.4% over 24 hours and 8.7% during the past seven days. Its market capitalization stood near $13.1 billion.
Chainlink posted an even larger weekly increase among the top 20 cryptocurrencies. $LINK traded near $9.45, gaining 0.7% on the day and 15.7% over seven days. Monero also outperformed Bitcoin, rising 4.9% weekly to around $413.84.
$HYPE’s performance follows a period of renewed activity around Hyperliquid. In related coverage, crypto.newsreported that Hyperliquid generated $169 million in second-quarter revenue and directed $141 million toward $HYPE buybacks.
Among the broader top-100 market-cap group, Bitway was the strongest daily performer in the latest crypto.news snapshot, rising 22.3%. Ether.fi followed with a 7.9% increase.
On the downside, Stable fell 3.7%, Quant lost 3.6%, and Canton declined 2.7%. Uniswap remained one of the weakest weekly performers among larger assets, falling 18.4% over seven days despite gaining 1.3% Monday.
Bitcoin tests resistance after steady recovery
Bitcoin’s daily chart shows $BTC consolidating after its sharp June pullback, with price hovering near $63,490 and posting a modest 0.94% intraday gain. Despite the short-term uptick, $BTC continues to trade below the key resistance band around $65,000–$66,000, keeping the broader structure tilted to the downside compared with earlier cycle highs. In the near term, price action remains confined to a range, with $60,000 acting as the main support floor.
The Aroon Oscillator sits in positive territory at 42.86, suggesting that recent upward moves are currently outweighing recent lows. This points to mild bullish momentum in the short term, though the signal is not strong enough to indicate a confirmed trend shift.
Momentum indicators, however, remain weak. The MACD continues to reflect bearish conditions, with the histogram at approximately -124.49 and the MACD line near -236.26, still positioned below the signal line around -111.77. This setup indicates that downside momentum has not fully dissipated despite the recent price recovery.
Overall, Bitcoin is stabilizing after its decline but has yet to establish a convincing bullish reversal. A sustained breakout above the $65,000–$66,000 resistance zone would strengthen the recovery case, while a breakdown below $60,000 would likely reintroduce stronger bearish pressure.
Fed minutes and White House meeting come into focus
Macro policy returns to the foreground this week. The Federal Reserve will publish minutes from its July 28–29 meeting on Wednesday, Aug. 19, at 2 p.m. ET. Officials voted 9–3 to maintain the federal funds target range at 3.5%–3.75%, with three members preferring a quarter-point increase.
Markets have since reduced expectations for another rate increase. Futures pricing pointed to roughly a 30% probability of a September hike heading into Monday, according to the Financial Times.
Crypto traders will also watch Washington. As crypto.news reported, Coinbase, Ripple and other crypto and prediction-market executives are expected at an Aug. 19 White House meeting as policymakers continue discussing digital asset regulation.
For Bitcoin, the immediate question is whether Monday’s move can extend beyond the $64,000 region and recover last week’s highs. Until then, $BTC remains below its recent range peak while selected altcoins, notably $LINK, $HYPE and XMR, continue to outperform.
Source: cryptonews.net