Bitcoin Attempts Steady Recovery Toward $65,000 With Altcoins Posting Minor Gains

TL;DR

• Bitcoin climbed about 0.9% toward $65,000 after rebounding from $62,200, but repeated rejection left the market without a confirmed breakout during Thursday’s cautious market recovery.
• Ether rose above $1,900 while many large altcoins declined, reflecting a rotation toward the relative safety of crypto’s two biggest assets.
• PI surged as much as 15%, yet falling altcoin open interest, steady 36% Bitcoin volatility and concentrated options activity showed broader conviction remained limited.

Bitcoin continued a measured recovery on Thursday, approaching $65,000 after rebounding from a monthly low near $62,200. The cryptocurrency briefly touched the threshold before slipping slightly below it, leaving traders without a confirmed breakout. The move showed improving resilience, but Bitcoin still lacked the force needed to convert recovery into clear momentum. BTC gained about 0.9% over 24 hours to roughly $64,700, outperforming a broader crypto index that advanced only 0.16%. Its market capitalization reached around $1.3 trillion, while dominance remained just under 57% as investors favored larger assets during an otherwise hesitant trading session.

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