Bitcoin Slips to $65K as Crypto Rally Cools

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Bitcoin (BTC) gave back part of this week’s gains, falling to the area of $65.2K after briefly dipping below the $65K level during the afternoon. The retreat follows the recent rally toward $67,000, and traders are taking profits as momentum cools. Most of the wider crypto market also moved lower, though a handful of coins managed to outperform despite the risk-off sentiment.

Bitcoin Falls Back Toward $65K

Specifically, Bitcoin traded mostly between $65,400 and $65,700 overnight before selling pressure accelerated late in the European session, briefly pushing the cryptocurrency into the mid-$64,000 range. Buyers stepped back in shortly afterward, and helped BTC recover above $65,000 by the end of the session.

Despite the rebound, Bitcoin remained down about 1.2% over the past 24 hours, which suggests bulls have so far been unable to reclaim the momentum that drove prices toward $67,000 earlier this week.

Ethereum, Solana, and HYPE Lead Crypto Lower

The weakness extended across most major cryptocurrencies. Ethereum (ETH) traded around $1,762, down about 1.8%, as Solana (SOL) slipped to approximately $72.68. XRP also declined to around $1.20, amid Dogecoin (DOGE), Hyperliquid (HYPE), and Zcash (ZEC) posting some of the larger losses among widely followed assets.

Cardano (ADA) fell nearly 5%, whereas Chainlink (LINK), Bitcoin Cash (BCH) and Wrapped Bitcoin (WBT) also remained in negative territory.

Not every asset finished lower, however. BNB edged into positive territory, up around 0.4%, as TRON (TRX), Monero (XMR), Stellar (XLM), LEO and several smaller tokens also managed modest gains despite the general market weakness.

Overall, the June 17 trading reflected a pause in the recent crypto rebound, and Bitcoin is holding above the psychologically important $65,000 level even as most major digital assets remains under pressure.

The post Bitcoin Slips to $65K as Crypto Rally Cools appeared first on TechGaged.com.