OKB Rockets 7% Daily, BTC Price Settles Below $64K: Market Watch

Bitcoin’s price recovery attempt to over $64,000 came to a quick halt, as the asset was pushed south by over a grand before it finally found some support.

HYPE and ZEC have posted the most substantial gains from the larger-cap alts, while ETH has slid below $1,900 again, and XRP is close to dipping beneath $1.00 for the second time this week.

BTC Calms Below $64K

The primary cryptocurrency went on a minor run that began at the start of the previous business week when it pumped from $62,200 to over $65,000 at the end of it. The local peak came despite the CLARITY Act setback in the US Senate and following the weak US jobs report for July.

Although it couldn’t continue climbing past $65,400, it spent the subsequent weekend trading sideways around $65,000. It tried to break out once again on Monday, but it faced another rejection at $65,400. This time, though, it was more violent as it slumped by $1,500 to $63,800 within hours.

The rebound was stopped at $64,400 a day later, and the drop pushed it to $63,200. Even the US CPI data for July, which matched expectations, did not lead to a more profound recovery. BTC was stopped again at $64,400, and another dip to $63,200 followed.

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