Bitcoin Stalls Near $63K Amid Mixed Crypto Sentiment and Regulatory Uncertainty
Bitcoin's price hovered near $63,460 on August 17, marking a slight increase of 0.7% daily but a decline of 2.3% over the week. The cryptocurrency faced resistance around $65,000-$66,000 and found support at $60,000.
The broader crypto market showed mixed results, with Hyperliquid's HYPE token and Chainlink's LINK outperforming most large-cap coins. This contrasts with U.S. spot Bitcoin ETFs, which saw $390 million in net outflows last week, reversing prior inflows and signaling cautious investor sentiment.
Market watchers await the Federal Reserve's July meeting minutes on August 19 for further direction. Meanwhile, real-world asset trading drove a significant portion of new users to Hyperliquid in the first half of 2026, boosting HYPE's price by 22.5% yearly.