{
  "id": 1415767,
  "title": "Bitcoin tops $64,000 in Asia morning hours as HYPE jumps 8% on the week",
  "url": "https://urgent.news/2026/08/17/bitcoin-tops-64-000-in-asia-morning-hours-as-hype-jumps-8-on-the-week",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T04:14:00.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/markets/2026/08/17/bitcoin-tops-usd64-000-in-asia-morning-hours-as-hype-jumps-8-on-the-week"
  },
  "original_language": "en",
  "account": "Bitcoin reached $64,000 in Asian markets early Monday, up half a percent for the day but down nearly 3% over the week. The weaker dollar and reduced expectations of interest rate hikes failed to propel cryptocurrencies out of their current range. Hyperliquid's HYPE saw the biggest weekly gain, jumping over 3% to $59 and nearly 9% over the week, the only major cryptocurrency with a notable weekly increase. Ether climbed over 1% to just under $1,900, but has fallen 1% over the past week. Dogecoin, Tron, and XRP also saw modest gains, adding almost 1%, half a percent, and remaining marginally stable, respectively. Solana increased slightly to just over $75, while BNB slipped marginally to just over $604, holding steady over the week. The overall macro environment has become slightly more favorable for cryptocurrencies, as the Bloomberg gauge of the dollar dropped 0.1% and the MSCI emerging-market currency index hit a record high. This shift is mirrored by recent U.S. retail sales data, which indicated the steepest monthly decline in over a year, reflecting a cautious consumer sentiment. Swaps traders now estimate the probability of a Federal Reserve rate increase next month at around one in four, down from approximately 50% a week ago, while U.S. Treasury yields have risen across the spectrum. Analyst Nick Ruck from LVRG Research noted that the market remains stagnant near $63,000, with weakening fund inflows indicating a lack of optimism following last week's sell-off. Key indicators to watch next week include the release of the Federal Open Market Committee (FOMC) minutes and any developments from the anticipated White House crypto meeting, as these could shed light on the regulatory and monetary policy landscape. The FOMC minutes from their July 28-29 meeting are scheduled for release on Wednesday at 2 p.m. ET, providing insights into how close the committee came to raising rates before the recent data tempered those expectations. Additionally, Zcash's Tachyon upgrade aims to enhance shielded payments, improve quantum readiness, and assess its funding, security, and governance structures.",
  "summary": "Every major gained on Sunday, though bitcoin, ether, XRP and solana are all lower over seven days.",
  "key_points": [
    "Bitcoin hits $64,000 in Asian markets Monday morning",
    "HYPE cryptocurrency sees 9% weekly gain",
    "Fed rate hike probability drops to 1 in 4"
  ],
  "editors_take": "The recent shift in US economic data and expectations of interest rate hikes has created a slightly more favorable environment for cryptocurrencies, but market optimism remains cautious.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}