Live updates: Bitcoin gives up gains, falls below $64,000 as stocks retreat
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
On Friday, Dogecoin declined by 4.5% and ether decreased by 2.5%, leading a slight but widespread pullback among major cryptocurrencies as the market took a breather following a strong performance earlier in the week, according to CoinDesk data. XRP and Solana each fell approximately 2.5%, while bitcoin showed more resilience, dropping only 0.6% to around $65,400.
Despite these declines, the weekly performance remained largely positive. Bitcoin gained 3% over the past seven days, while ether rose by 1.8%. Most other major cryptocurrencies maintained gains for the week, with the notable exception of Hyperliquid, which fell by 3.5%. CoinDesk reported that there was no specific catalyst driving Friday’s pullback; rather, the market appeared to be pausing after a rally, rather than reversing course.