Bitcoin Holds $63K Support as Ether Anchors Broader Crypto Strength

Here’s a more concise and fluid rewrite with a slightly sharper tone:


A fading rebound in AI and semiconductor stocks, along with a stronger U.S. dollar, kept market sentiment subdued as the second half of the year began.

Ether (ETH) led gains among major cryptocurrencies on Monday, while Bitcoin held firm above $63,000 after bouncing back from last week’s lows to a one-month high.

Bitcoin hovered around $63,207, little changed on the day but up 5.5% over the past week. Ether outperformed, rising 12.4% to roughly $1,777. BNB and Dogecoin each gained about 5.5%, while Solana advanced 11.2% to near $80.77. Hyperliquid’s HYPE posted the largest weekly increase at 14.6%, and XRP climbed 9.4% to $1.14.

The gains came despite a more cautious broader backdrop. The rally in AI and chip stocks lost momentum, raising doubts about the durability of this year’s tech-driven surge. South Korea’s Kospi fell 1.4% as Samsung Electronics and SK Hynix declined, while an MSCI index of Asian chipmakers also edged lower.

Brent crude slipped 0.6% to around $71.70 a barrel, easing some inflation pressure ahead of upcoming U.S. data releases.

Meanwhile, the U.S. dollar strengthened against major peers, posing a headwind for crypto markets that have tracked its movements in recent months.

Still, crypto’s resilience stands out as AI-linked equities faltered. Over the past quarter, capital had rotated from digital assets into chip and AI stocks, with downturns in those sectors often weighing on crypto as well.

Bitcoin starts the week having recovered its late-June losses. Its next move will likely depend on upcoming inflation data and whether major tokens can hold their ground as U.S. trading activity returns to full strength. Holding above $63,000 could point to a more durable recovery, though a firm dollar and uncertainty around AI stocks continue to cap upside momentum.

  • Related Posts

    Bitcoin or Gold? Peter Brandt Signals Possible Portfolio Shift

    Veteran trader Peter Brandt says he expects gold to outperform bitcoin over the coming period. In the ongoing debate between bitcoin Bitcoin and gold as stores of value, Brandt —…

    Continue reading
    XRP Edges Up 3% While Traders Defend Newly Formed $1.14 Support

    Heavy volume pushed XRP above a key resistance level, but momentum faded near $1.16 as sellers re-entered, leaving the market to determine whether the breakout zone can now act as…

    Continue reading