Double-Digit Gains From These 2 Altcoins, Bitcoin Struggles at $63K: Weekend Watch

PUMP and PI are also well in the green on a daily scale. Bitcoin’s price failed at $65,000 earlier this week, and the subsequent correction pushed it south to a 17-day low of $62,400 before it found some support and rebounded to $63,000. Most larger-cap alts are also in the red in the past 24 hours, led by more painful losses from HYPE, UNI, and AAVE. BTC Back to $63K It was just over a week ago when the primary cryptocurrency was riding high and tapped a monthly peak at $67,000 after the favorable US inflation data for June. However, the predominantly bearish sentiment quickly returned, and the asset slumped below $64,000 that Friday. Its recovery began last weekend and intensified on Monday when bitcoin pumped to $65,600 on a couple of occasions. However, it couldn’t keep climbing and dumped to $62,700 a day later as investors de-risked ahead of the key FOMC meeting. More volatility ensued before and after the event as the Fed ultimately left the rates unchanged. Bitcoin began a more profound recovery on Thursday and Friday morning, jumping to $65,500 once again. A familiar scenario repeated, though, as the bears resumed control and drove it south to its lowest position since Jul...