Bitcoin Stabilizes Near $63K as Altcoin Leaders Emerge

The price of Bitcoin stabilized around $63,460 on Monday after a weekend recovery. This 0.7% increase over 24 hours did not erase the decline from last week's highs, which saw Bitcoin fall below $65,400.

Despite this, most large-cap cryptocurrencies showed modest daily gains, with some notable exceptions. Hyperliquid's HYPE token led the altcoins, rising 3.4% to $58.81 and an impressive 8.7% over seven days.

Chainlink also outperformed major altcoins, gaining 15.7% weekly to around $9.45. Monero rose 4.9% weekly to around $413.84.