Bitcoin Surges Above $64,000 Amid Dollar Weakness

Despite a nearly 3% weekly decline, Bitcoin has broken above $64,000 during Asian trading hours. The cryptocurrency's price increase comes as the U.S. dollar weakens due to disappointing retail sales and reduced expectations for a Fed rate hike. Most major cryptocurrencies are down except for Hyperliquid's HYPE token, which gained 9% weekly.

The market is anticipating the Federal Reserve's July policy minutes and earnings reports from major retailers Walmart and Target, which could impact market direction. Geopolitical tensions and rising oil prices add further uncertainty to the market.