Bitcoin crossed $64,000 during Asian trading on Monday, gaining about half a percent on the day even as it remained nearly 3% lower over the past week. The broader cryptocurrency market recorded broadly positive price action, with Bitcoin holding above $63,000, Ethereum gaining 1.4% to $1,900.60, and XRP edging higher to around $1.00. Solana rose 0.6% to $75.75, BNB slipped slightly to $604.66, and Dogecoin added 1.1% to $0.07025.
Hyperliquid’s HYPE token was the standout large-cap performer, climbing 4.3% on the day to $59.42 and up nearly 9% for the week. It was the only major token with a meaningful weekly gain, supported by roughly $205.72 million in trading volume and a market capitalization near $13.22 billion. Among smaller tokens, GoPlus Security surged 34.3% to $0.01487, while FWA, Bitway, CHIP, and Ontology Gas also posted double-digit gains.
The macro backdrop remains in focus. US stock futures were little changed Sunday night ahead of major retailer earnings from Walmart and Target. Last week’s retail sales data showed the sharpest monthly drop in over a year, which lowered expectations for a Federal Reserve rate hike. Traders now price roughly a one-in-four chance of a hike next month, down from about 50% a week ago. The Federal Reserve will release minutes from its July 28–29 meeting on Wednesday, and the market will also watch a White House crypto meeting.
Nick Ruck, director of LVRG Research, said the crypto market remains stalled near $63,000, pointing to fading ETF inflows as a sign of low optimism following last week’s selloff. He flagged both the FOMC minutes and the White House crypto meeting as key events that could shape the outlook on regulation and monetary policy.
Oil prices rose as geopolitical tension between the US and Iran continued, with Brent crude gaining nearly 6% on Friday to $88.52 a barrel. The Dow Jones ended last week down 0.6%, while the S&P 500 finished up 0.4% and the Nasdaq closed up 0.1%. Overall, major cryptocurrencies traded higher, and smaller tokens delivered stronger percentage gains.