Bitcoin Slips Below $64K Amid Rising Oil Prices and Japanese Intervention

Bitcoin's price took a hit yesterday, dipping below $64,000 despite rising oil prices and a major currency intervention in Japan. The drop was moderate at 2.77%, with Bitcoin now trading near $63,257.38 overall.

The open interest remains elevated, and trading volume has picked up, suggesting traders are actively repositioning rather than showing fresh directional conviction.

However, if spot demand starts backing the move and open interest keeps expanding, this weakness could turn into a more convincing breakdown.

Altcoins such as Hyperliquid, Cardano, and Pump.fun saw significant gains. Hyperliquid led the rally with a 4.26% increase to $55.30, driven by strong on-chain fundamentals.