Bitcoin Holds Above $63K as LINK and HYPE Surge Ahead of Key Fed Week

Bitcoin was above $63,000 in Asian trading hours on Monday 17 August as the cryptocurrency market started off the week slowly.  Bitcoin was trading around the $63,460 level during early Asia hours, a 24-hour gain of 0.8% but a week-to-date fall of around 2.7% with a market valuation of $1.27 trillion.

The broader digital asset market cap was around $2.24 trillion, with Bitcoin’s market dominance at about 57%. Despite the jump, Bitcoin has since pulled back from the week’s high of $65,400, dipping below $62,500 Friday after finding support over the weekend.

Ethereum moved in lockstep, hovering near $1,900.64, up 1% on the day but down 0.8% over the week. XRP reached about $1.00, Solana was at $75.47, and BNB was around $604.63. TRON and Dogecoin also posted minor daily increases. Institutional flows were also negative, with U.S.

spot Bitcoin ETFs seeing $390 million in net outflows between August 10 and August 14, including $153 million flowing out of Fidelity’s FBTC.  Spot Ethereum ETFs recorded their smallest weekly net outflow at $2.26 million.