Bitcoin shook off a shaky start to the week, bouncing from sub-$62K levels on Monday to reclaim $64,300 by Wednesday morning. The catalyst, or at least the backdrop, was hard to miss: the S&P 500 punched above 7,050 to notch yet another all-time high. The correlation between risk assets and crypto isn’t always reliable, but this week it showed up right on cue. When equities are printing fresh records, traders tend to rediscover their appetite for digital assets. When they’re not, well, we get Mondays like the one Bitcoin just had. What the numbers look like Bitcoin was trading near $64,300 at the time of writing, up roughly 0.4% over the past 24 hours and the same over seven days. Not exactly fireworks, but context matters. Dropping below $62K early in the week had the usual suspects calling for deeper pullbacks. Ethereum hovered just below $1,900, essentially flat on the day. Solana sat near $74 with a modest 0.2% gain. XRP slipped to $1.06, continuing its quiet slide away from headlines. The real action came from lower-cap tokens riding the sentiment shift. Uniswap’s UNI token jumped 10% on Tuesday, while Zcash posted a 7% gain over the same stretch. DeFi as a category was th...
Bitcoin rebounds past $64K as S&P 500 hits fresh all-time highs
3 weeks ago
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