These 2 Altcoins Rally as BTC Holds $63K

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PUMP and PI are also well in the green on a daily scale.

Bitcoin’s price failed at $65,000 earlier this week, and the subsequent correction pushed it south to a 17-day low of $62,400 before it found some support and rebounded to $63,000.

Most larger-cap alts are also in the red in the past 24 hours, led by more painful losses from HYPE, UNI, and AAVE.

BTC Back to $63K
It was just over a week ago when the primary cryptocurrency was riding high and tapped a monthly peak at $67,000 after the favorable US inflation data for June. However, the predominantly bearish sentiment quickly returned, and the asset slumped below $64,000 that Friday.

Its recovery began last weekend and intensified on Monday when bitcoin pumped to $65,600 on a couple of occasions. However, it couldn’t keep climbing and dumped to $62,700 a day later as investors de-risked ahead of the key FOMC meeting. More volatility ensued before and after the event as the Fed ultimately left the rates unchanged.

Bitcoin began a more profound recovery on Thursday and Friday morning, jumping to $65,500 once again. A familiar scenario repeated, though, as the bears resumed control and drove it south to its lowest position since July 14 at $62,400.

The structure of the Binance Futures platform is similar to their spot trading exchange, Binance.

Integrating our Cornix trading bots with your Binance Futures account is quick and easy. Configuration takes only a few minutes, and importantly, you won’t have to give withdrawal permissions to anyone.

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