Bitcoin trades near $63,921.54, down 1.59% over the past hours.
Hyperliquid led major top 10 movers with a 2.35% daily gain.
Oil's climb and yen weakness kept broader risk sentiment cautious through the session.
Bitcoin eased below $64,000 as fresh macro pressure built through the weekend. Oil climbed as odds of the Strait of Hormuz route reopening appeared to fade. This shift repriced risk appetite across equities, gold, and digital assets together.
The Japanese yen stayed weak against the dollar despite an earlier joint intervention by Japan and the US. Strategy sold 1,690 BTC for $108.6 million last week. Traders now watch this week's US inflation data for the next clear signal.
Bitcoin traded at $63,921.54, down 1.59% over the past 24 hours. This figure reflected live CoinMarketCap data tracked through today's session. Its market cap stood near $1.28 trillion. Trading volume over 24 hours reached $21.74 billion. Price action stood tied to oil, ETF flows, and inflation data.
Here are today's insights from leading crypto market analysts on Bitcoin's structure and the broader macro setup.
According to Prateek Gupta, Head of Business at Mudrex, Bitcoin has slipped from an August high near $65,400. Oil surged toward $82 a barrel as odds of the Hormuz route reopening appeared to fade.
He further mentioned the yen remained under pressure against the dollar despite an earlier joint currency intervention. Investor sentiment weakened further after Strategy sold 1,690 BTC for $108.6 million. Gupta expects Bitcoin to stay range-bound between $63,000 and $65,000 near-term.
Vikram Subburaj, CEO of Giottus, said Bitcoin has slipped near $64,000 as demand has not been strong enough to hold above $65,000. US spot Bitcoin ETFs attracted $865.3 million over five sessions through August 7.
He further stated a provisional $91 million outflow landed on August 10, breaking that streak. Larger holders have added roughly 190,000 BTC since December, though active addresses remain subdued. Subburaj placed support near $62,500 and resistance near $66,800.
Also Read: When Will Bitcoin Price Recover?
Riya Sehgal, Research Analyst at Delta Exchange, said crypto markets came under renewed pressure from macro uncertainty. Bitcoin was rejected from the $65,000 zone and slipped back toward $64,000, while Ether underperformed below $1,900.
She further noted US equities closed slightly lower Monday, with the S&P 500, Nasdaq, and Dow all in the red. Fading optimism around a Hormuz agreement pushed oil sharply higher. Sehgal placed Bitcoin's key support near $63,600.
The broader market holds a cautious, mixed tone through the session today. Here is how the top 10 coins by market capitalization stand, based on live CoinMarketCap data.
| Rank | Name | Price | 24h % | Market Cap | Volume (24h) |
|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $63,921.54 | -1.59% | $1.28T | $21.74B |
| 2 | Ethereum (ETH) | $1,871.87 | -2.28% | $225.9B | $7.93B |
| 3 | Tether (USDT) | $0.9989 | -0.02% | $183.05B | $46.22B |
| 4 | BNB (BNB) | $599.91 | -0.32% | $79.88B | $1B |
| 5 | USDC (USDC) | $0.9999 | 0.00% | $72.21B | $7.41B |
| 6 | XRP (XRP) | $1.01 | -1.93% | $63.27B | $1.1B |
| 7 | Solana (SOL) | $75.93 | -0.84% | $44.23B | $1.38B |
| 8 | TRON (TRX) | $0.3313 | -0.48% | $31.44B | $860.86M |
| 9 | Hyperliquid (HYPE) | $55.35 | -2.35% | $13.98B | $230.46M |
| 10 | Dogecoin (DOGE) | $0.06997 | -0.35% | $10.87B | $337.93M |
Biggest Losers: HYPE, ETH, XRP
Hyperliquid led today's decline among top 10 coins, down 2.35%. Ethereum followed closely with a 2.28% drop. XRP also came under pressure, slipping nearly 2% through the session.
Biggest Gainers: Stablecoins Hold Firm
Tether and USDC barely moved through the session today. BNB and TRON posted only marginal daily declines, holding up better than majors. Stablecoins remained the steadiest assets of the session.
A fresh Strategy sale and a delayed CLARITY Act vote continue to steer sentiment. Oil-driven inflation fears and yen weakness add further pressure to this week's session.
Strategy sold 1,690 BTC between August 3 and 9 at an average price of $64,262. That raised $108.6 million, marking the firm's second straight weekly Bitcoin sale this year.
The move lifted Strategy's dollar reserve to a record $4.65 billion. The company still holds 840,447 BTC at an average cost of $75,385 per coin. Executives called it a treasury adjustment, not a shift in strategy.
The Senate has scheduled a vote on the Digital Asset Market Clarity Act for September 15. That moves past the August recess deadline traders had been watching closely.
Ethics language disputes had stalled bipartisan progress through the summer session. Analysts view the confirmed date as a modest positive step. It replaces an open-ended timeline with a fixed catalyst ahead.
US spot Bitcoin ETFs pulled in $865.3 million across five sessions through August 7. BlackRock's IBIT fund led that haul, extending an inflow run without a single outflow day.
Monday's session broke the streak with a provisional $91 million outflow. Analysts framed the reversal as profit-taking ahead of inflation data. Ethereum ETF flows stayed comparatively steadier over the same stretch.
Oil climbed toward $82 a barrel as hopes for a Strait of Hormuz reopening faded over the weekend. The move revived concerns that elevated energy costs could keep inflation sticky.
Higher oil prices complicate the Federal Reserve's rate path just as traders await fresh CPI data. Risk assets, including Bitcoin and equities, softened together as the repricing spread. Gold gained on renewed safe-haven demand.
The Japanese yen stayed under pressure against the dollar even after a rare joint intervention by Japan and the United States. The slide kept global liquidity conditions in sharp focus.
Persistent yen weakness raises the risk of renewed carry-trade unwinding, a dynamic that has hit risk assets before. Crypto desks are watching the pair closely alongside oil and bond yields this week.
Zcash climbed toward the $505 level, building on renewed institutional interest in privacy-focused assets. Monero posted a stronger seven-day gain than most large-cap peers this week.
Analysts tied both moves to growing demand for privacy tooling ahead of upcoming network upgrades. Zcash's Tachyon upgrade, aimed at scaling shielded payments, remains a key catalyst traders are tracking closely.
Also Read: Bitcoin Price Prediction: Can BTC Reclaim $70K in August 2026?
Bitcoin holds near $63,921 as traders weigh oil-driven risk aversion against a still-resilient ETF complex. This week's US inflation print stands as the session's key catalyst for direction. A close back above $65,000 could open a path toward $66,800 resistance. A slip below $62,500 risks exposing deeper support for Bitcoin.
Zcash and Monero remain the most sensitive names to shifts in altcoin risk appetite this week. Bitcoin's next moves hinge on oil price stability and confirmation of the Hormuz shipping route. The CLARITY Act's new September 15 timeline removes one layer of uncertainty for market structure rules.
What is the Bitcoin price today?
Bitcoin trades near $63,921.54, down 1.59% over the past 24 hours through today's session. Support sits near $62,500, while resistance builds near $65,000 and $66,800, according to current analyst levels shared across major trading desks this week.
Why did Bitcoin fall below $64,000 today?
Oil climbed toward $82 a barrel as odds of a Strait of Hormuz reopening faded over the weekend. That revived inflation concerns and pressured risk assets broadly, pulling Bitcoin down from its recent high near $65,400.
What is the biggest crypto news today?
Strategy's fresh 1,690 BTC sale and the CLARITY Act's new September 15 Senate vote are shaping sentiment today. Oil-driven inflation worries, persistent yen weakness, and a cooling ETF inflow streak add further context this week.
Which coins are performing worst today?
Hyperliquid leads top 10 daily declines near 2.35%, followed closely by Ethereum and XRP. Stablecoins held the steadiest through the session, while Zcash and Monero extend rallies outside the top 10 coin list.
What should investors watch this week?
Track this week's US inflation data, oil price stability, and confirmation of the Hormuz shipping route closely. Bitcoin ETF flow continuity and Strategy's next disclosed transaction could also shift near-term positioning across the broader market.
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