Bitcoin Reclaims $64K as S&P 500 Hits New Records

Bitcoin recovered from its early-week dip below $62K to reclaim $64,300 by Wednesday morning, coinciding with the S&P 500 hitting fresh all-time highs.

The correlation between risk assets and crypto is not always reliable, but this week it showed up on cue: when equities are printing records, traders tend to rediscover their appetite for digital assets.

Bitcoin's bounce was modest, rising 0.4% over the past 24 hours and seven days, while Ethereum hovered near $1,900, Solana sat at $74 with a 0.2% gain, and XRP slipped to $1.06.

The real action came from lower-cap tokens, which rode the sentiment shift: Uniswap's UNI token jumped 10%, Zcash posted a 7% gain, and DeFi as a category was the top-performing sector on a seven-day basis.