Bitcoin Slips Under Pressure at $64,000 Amid Weak Stablecoin Inflows

Bitcoin's price held steady around $64,000 on Saturday evening after a partial recovery from its decline. Market sentiment remained cautious due to weak stablecoin inflows to exchanges, which is an indication of restrained demand for crypto assets.

The token gained about 0.25% over the past 24 hours and traded at approximately $64,332 according to market data from a major crypto exchange. By midnight Moscow time, the price had risen to around $64,360 with an intraday range of roughly between $63,703 and $65,396.

Although Bitcoin partially recovered, it remains about 50% below its all-time high. The prolonged bear trend that began in October persists, putting market pressure on the asset.