Bitcoin Rebounds Above $64K as Altcoins Gain Amid Market Volatility

Bitcoin's price has rebounded to over $64,000 after dipping below $62,800 yesterday ahead of the FOMC meeting. The cryptocurrency had declined sharply in a de-risking move from investors, but it has bounced back nicely since then.

The bulls finally stepped up after Bitcoin's substantial decline, and the asset remained at around $64,000 during most of the weekend. It even climbed slightly on Sunday following some de-escalation news on the US/Iran front.

However, it failed to break above $65,600 and tumbled hard on Tuesday, but has since recovered its losses. Its market capitalization has risen to $1.290 trillion on CG, while its dominance over the alts has jumped to 57%.