Bitcoin nears $64,000 in Asia morning hours as HYPE jumps 8% on the week
Bitcoin is hovering near $64,000 as markets await FOMC minutes and potential regulatory updates from the White House. While macro indicators like the dollar index have softened, crypto markets remain largely stalled due to fading ETF inflows.
Why it matters
Upcoming policy signals from the Fed and the White House are critical for determining the next phase of crypto market direction.
Hyperliquid's HYPE was the standout, up over 3% to $59 and almost 9% on the week, the only major with a meaningful weekly gain. Ether rose over 1% to just under $1,900 but is down 1% over seven days.
Dogecoin added almost 1% to 7 cents, tron under half a percent to just over 33 cents and XRP marginally to $1, though XRP is down 3% on the week. Solana edged up to just over $75 and is down almost 2% over seven days. BNB slipped marginally to just over $604 and was flat on the week.
The macro backdrop turned friendlier without moving crypto. A Bloomberg gauge of the dollar slipped 0.1% toward a third straight decline and levels last seen in May, while MSCI's emerging-market currency index hit an intraday record, led by the Taiwanese dollar and Thai baht.
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