Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

These two altcoins recorded double-digit gains, and Bitcoin struggled at the $63,000 mark: Weekend m

2026-08-02 00:34:52

Bookmark

At the beginning of the week, Bitcoin prices encountered resistance at the US$65,000 mark, then retreated back to US$62,400, setting a 17-day low, before gaining support and recovering to US$63,000. In the past 24 hours, most large-value altcoins have also shown a downward trend, with HYPE, UNI and AAVE falling particularly significantly.

BTC Back to $63K

About a week ago, Bitcoin had been rising all the way, hitting a monthly high of $67,000 thanks to the good U.S. inflation data in June. However, the market quickly turned bearish, and the asset fell below $64,000 the following Friday.

Its rebound began over the weekend and intensified on Monday, with Bitcoin rising to US$65,600 several times. However, it failed to continue its gains, plunging to $62,700 a day later as investors reduced risk ahead of a key Federal Reserve Open Market Committee meeting. Volatility intensified before and after the meeting, and the Federal Reserve ultimately left interest rates unchanged.

Bitcoin began a stronger recovery on Thursday and Friday morning, jumping again to $65,500. However, the familiar scenario reappeared as bears regained control, pushing it down to a low of $62,400 since July 14. Bulls managed to step forward and help Bitcoin recover some of its losses to its current $63,000, but there were some warning signs that it could fall again. On CoinGecko, its market value fell to $1.265 trillion, while its dominance of altcoins stabilized at 56%.

These 2 Alts Fly

Audiera's BEAT was the biggest gainer in the past 24 hours, surging 22% to $4.60. MemeCore (M) followed closely, rising to $1.10 with an 11% increase, joining the double-digit gainer club. PUMP (9%) and PI (5%) followed closely.

In contrast, most large-market altcoins are in decline. ETH fell more than 1%, as did BNB and XRP. HYPE fell another 5% to $52. RAIN fell nearly 3%, while UNI and AAVE fell more than 6%. XMR, HBAR and SHIB are among the few exceptions to the gains.

The total market value of cryptocurrencies fell by about US$30 billion in one day, falling to US$2.260 trillion on CoinGecko.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article

0.00% 0.00%

Bullish

Bearish

Hot Coins