Bitcoin rose 3.5% on Friday to nearly $64,000, reversing losses from geopolitical headlines and putting the token up 4.2% for the week. CoinDesk reported that the move was tied more to leverage, a weaker dollar and strength in Asian chip stocks than to crypto-specific catalysts.
Bitcoin rose 3.5% on Friday to nearly $64,000, reversing losses from geopolitical headlines and putting the token up 4.2% for the week. CoinDesk reported that the move was tied more to leverage, a weaker dollar and strength in Asian chip stocks than to crypto-specific catalysts.
The rebound matters because it shows how closely crypto markets are still trading with broader macro and equity themes. CoinDesk reported that bitcoin’s strongest session of the week came as Asian stocks rallied, the dollar weakened and traders rebuilt positions after earlier liquidations.
Bitcoin climbed 3.5% on Friday to nearly $64,000, recovering after briefly falling to about $61,850 when President Trump warned that strikes on Iran could intensify. The move left bitcoin up 4.2% for the week, with roughly $28 billion in 24-hour trading volume, according to CoinDesk data.
The rebound matters because it shows how closely crypto markets are still trading with broader macro and equity themes. CoinDesk reported that bitcoin’s strongest session of the week came as Asian stocks rallied, the dollar weakened and traders rebuilt positions after earlier liquidations.
Major tokens also moved higher. Ether gained 2.6% to $1,760 and was up 4% on the week, while solana added 2.6% to $78 but remained down 2.1% over seven days. XRP, TRON, HYPE and dogecoin also advanced on the day, with TRON leading major tokens on a weekly basis at 4.7%.
The source pointed to leverage as a key reason for the speed of the move. Traders cut exposure after the Trump headline, then returned within hours, creating a sharp round trip that analysts said was faster than underlying demand alone would typically support.
Outside crypto, MSCI’s Asia Pacific equities gauge rose 1.4% as semiconductor and AI-linked shares recovered. South Korea’s Kospi jumped 4%, helped by strength in chip names including SK Hynix, while a stronger yen, lower long-dated Japanese government bond yields and a declining dollar added to the backdrop supporting bitcoin’s move.
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