The cryptocurrency market has been dominated by negative news in recent weeks, but Bitcoin has managed to stay afloat and even mark some gains. After dipping below $58,000 earlier this month, Bitcoin quickly rebounded and reclaimed the $60,000 resistance level.
On Friday and Saturday, it climbed to $63,300 before retreating slightly to $62,500 on Sunday. However, Monday saw a surge to $64,000 for the first time in two weeks, but the largest corporate holder of Bitcoin announced its second sale in under two months at that point, resulting in an immediate decline to $61,200.
Instead of plummeting further, the bulls stepped up and drove the price north to almost $64,800. Another leg down followed in the middle of the week, with Bitcoin slipping to $61,600 as the US and Iran launched new strikes against each other in the Middle East.