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

Trading protocol Hyperliquid’s HYPE▲$70.78 token was among the strongest large-cap tokens that day, trading at $58.81 after a 24-hour jump of 3.4% and a seven-day rise of 8.7%. LINK▲$7.97 rose 15.7% from the week prior, trading at roughly $9.45. Monero showed gains of 4.9% for the week to a price of about $413.84. 

HYPE price strength followed renewed interest in Hyperliquid as analysts found $169 million in revenue in the second quarter and $141 million in token buybacks.

Further down the top 100, Bitway gained 22.3%, Ether.fi gained 7.9%, while Stable, Quant and Canton lost 3.7%, 3.6% and 2.7%. Uniswap gained 1.3% on Monday, despite being down 18.4% for the week, and having been one of the larger cap tokens that had dropped the most over the week.

On the technical side, BTC▲$62,630.00 failed to break through the $65,000-$66,000 resistance, and the $60,000 area remains the main level of support. The Aroon Oscillator was at 42.86, indicating weak bullish momentum in the short-term while the MACD was bearish and suggesting the rally might not be enough to confirm a change of trend.

Read More: Bitcoin Is Losing Its Grip on Crypto: Why Americans Are Looking Beyond BTC in 2026

But macro events can dictate the next move. The Fed will release the minutes of its July 28-29 meeting on Aug. 19. The officials voted 9-3 to keep the target range for federal funds at 3.5%-3.75%, with three voting for raising the rate by a quarter percentage point. 

Cryptocurrency executives and trade groups, including those from Coinbase and Ripple, are expected to attend a White House meeting on digital asset policy on Aug. 19.

Thus, Bitcoin will enter the new week of trading trying to reclaim the $64,000 area as it has yet to break above its latest cycle high around that price zone. Bitcoin needs to break above $65,000-$66,000 to confirm a solid recovery. 

Read More: XRP at a Crossroads: Why Institutional Adoption Is Growing While the Token Struggles

If we break below $60,000, the downside risk grows. For now, LINK, HYPE, and XMR▲$323.54 are the remaining clear outperformers. Traders also eye institutional flows, key technical resistance, and U.S. policy.