Hype Surrounds Bitcoin as BTC Holds Near $63K Amid Outperforming Altcoins

Bitcoin held steady near $63K on Monday as most large-cap coins posted small daily gains. However, Hyperliquid's HYPE and Chainlink's LINK outperformed their peers with significant weekly gains.

HYPE rose 3.4% in a day and 8.7% over seven days, while LINK jumped 15.7% for the week. This performance came as U.S. spot Bitcoin ETFs saw $390 million in net outflows last week, reversing the prior week's inflows.

The price of Bitcoin remained near $63K during Asian hours on Monday, with a daily gain of 0.7%. However, over the past week, it had fallen 2.3% from above $65K. The cryptocurrency's market capitalization stood near $1.27 trillion, while the broader crypto market was valued at roughly $2.24 trillion.

Bitcoin dominance held close to 57%, and most large-cap coins posted small daily gains but mixed weekly results. Ethereum traded near $1,900, up 1% daily but down slightly for the week, while XRP stayed near $1.00, down 2.8% weekly. Solana traded around $75.47, roughly flat on the week.