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Bitcoin Consolidates Below $64,300 as Global Equities Hit Record Highs on Aug. 5

GateNews
Market AnalysisIndicesStocksCommoditiesPrice Volatility
BTC-0.36%
SPX500-0.50%
DOW-2.10%
On Aug. 5, Bitcoin traded at $64,068.82, down 0.42% in 24 hours, consolidating within the $63,958–$64,508 band despite a broader rally in global equity markets. The S&P 500 and Dow Jones closed at all-time highs, while Japan's Nikkei gained 3.5% and South Korea's benchmark surged 4.3%. Supporting factors included lower crude oil prices near $78.85 and a U.S. 10-year Treasury yield of approximately 4.603%. Spot Bitcoin ETFs posted $19.6 million in net inflows on Aug. 4, though this followed a $265 million outflow day. The $64,300 level remains critical resistance; a sustained break above $65,000 could open further upside, while a daily close below $60,000 would threaten the recovery structure off June lows.
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In-Depth Analysis

Bitcoin Trades at $64,014 Despite Falling Oil and Easing Rate Concerns

Lucas Bennett08-05 08:33

Bitcoin rises slightly to $64,000 as leveraged liquidations remain highly concentrated

Market Whisper08-05 01:00
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