Bitcoin Tops $64,000 as Fed Minutes and White House Crypto Meeting Loom

1 articles · Updated · CoinDesk · Aug 17

Bitcoin briefly crossed $64,000 in Asian trading Monday, up about 0.5% on the day but still nearly 3% lower over the past week.
A softer dollar and sharply reduced expectations for a Fed rate hike failed to break crypto out of its tight range, with analysts citing fading ETF inflows and weaker risk appetite after last week’s selloff.
Hyperliquid’s HYPE stood out, rising more than 3% to about $59 and nearly 9% on the week, while ether, solana, XRP and most other major tokens posted only modest gains or weekly declines.
Wednesday’s release of minutes from the Fed’s July 28-29 meeting and any signals from an anticipated White House crypto meeting are now the main near-term catalysts for both monetary-policy and regulatory direction.