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Bitcoin rebounds near $64,000 as leverage unwind and Asian chip rally lift price

Bitcoin rose 3.5% on Friday to just under $64,000 after trading down to about $61,850, with roughly $28 billion changing hands in 24 hours.

Reported · Written up by our desk · Bitcoin

Bitcoin rebounded nearly $64,000, erasing losses tied to President Trump’s Iran strike warnings, and ended the week up 4.2%, according to CoinDesk data. On Friday, the largest cryptocurrency rose 3.5% to nearly $64,000 after dipping to about $61,850, with about $28 billion in trading volume over 24 hours. CoinDesk said most major cryptocurrencies also advanced. Ether rose 2.6% to $1,760 and was up 4.0% for the week, while dogecoin gained 2.6% and remained slightly underwater on the week. Solana added 2.6% to $78 but was still the only large token down for the week. Analysts cited by CoinDesk attributed the move primarily to leverage-driven liquidations, a weaker dollar, and a strong rally in Asian semiconductor and AI-related stocks rather than crypto-specific headlines. CoinDesk also pointed to bitcoin price action around the $60,000 to $63,000 band as traders quickly cut exposure and reloaded after the Iran headlines.

Latest closeBitcoin $64,013.16 ▲2.8%|Solana $79.10 ▲1.7%|Dogecoin $0.074 ▲2.6%

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