According to OKX market data, Bitcoin staged a short-term rebound and broke above the $64,000 USDT level, currently trading at $64,006.5. Although the asset still recorded a 24-hour loss, it has pared much of the intraday decline, with the drop now narrowed to just 4.42%.
As the largest cryptocurrency by market capitalization, Bitcoin's price action remains closely watched. The recovery back above $64,000 suggests that selling pressure may be easing and some buying interest has emerged, though whether the price can hold this key level remains to be seen.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.