Bitcoin Regains Momentum Above $64,000 as Market Awaits Next Move

Bitcoin's price rebounded to over $64,000 on Tuesday morning in Asia after dropping to around $62,250 on Monday. The recovery was fueled by steady demand in the market, with traders noting that regaining the $63,000 level is crucial for maintaining buyer interest. If Bitcoin fails to hold above this level during US trading hours, it could signal a lack of buyers willing to take positions below $62,500.

The price movement looks moderate in US dollar terms but has significant psychological importance for the cryptocurrency market. After a series of alarming news stories, BTC did not experience a deep sell-off but quickly returned to local resistance above $64,000.

Ethereum was the only major token to show a weekly loss, with its price hovering around $1,865. Other assets like BNB and SOL saw gains, with BNB becoming the leader among major crypto assets for the week.