Bitcoin slips to $64K, Ethereum below $1,900 amid crypto market volatility

Vikram Subburaj, CEO, Giottus said that the trading volume reached $22.3 billion. The retreat followed another unsuccessful attempt to hold above $65,000, with the price turning lower after touching $65,300 on August 10.

Bitcoin’s failure to clear $65,400 suggests that the ETF demand is being met by sufficient selling elsewhere in the market and staggered allocations are preferable to concentrated entries, particularly before the inflation release. Leverage should be kept low while Bitcoin remains below $66,800, said Subburaj.

In the past week, Bitcoin and Ethereum were up 0.23% and 0.46% respectively. Among the major altcoins, BNB, Solana, Tron, Hyperliquid rallied upto 2.80% whereas XRP, Dogecoin, and Cardano corrected upto 3.74%.

Nischal Shetty, Founder, WazirX said BTC’s price recovered from early weakness near $63,860 and is consolidating around $64,000. ETH is trading near $1,876, around 0.23% up in 24 hours. Price rebounded from roughly $1,870 and has remained above the previous close of $1,871.81.

Bitcoin has slipped from an August high near $65,400 to about $64,000 after oil surged 5% to $81.80 a barrel as the odds of the Strait of Hormuz oil route reopening appeared to fade. With inflation data due later this week, Bitcoin is likely to remain range-bound between $63,000 and $65,000 in the near term.

BTC is holding just above the $65,000 mark, changing hands around $64,950–$65,000 in early trade after opening at $64,849 (down a marginal 0.1% from Sunday) and edging up roughly +0.1% on the day. Bitcoin has now closed above $65,000 for four consecutive sessions, but each attempt to extend higher has been met with selling near the level, keeping price pinned in a tight range rather than breaking out.