Bitcoin climbed back above $64,000 over the weekend, recovering some of the losses from Friday's drop below $62,400. However, the overall market rebound remains uneven, with most major tokens experiencing limited volatility, and investor sentiment not showing significant expansion.

Bitcoin returns to key range

As of press time, Bitcoin was trading at approximately $64,166, up 0.77% in the last 24 hours. The total market capitalization of cryptocurrencies remained at approximately $2.29 trillion, with Bitcoin's market share still above 56%.

Earlier this month, Bitcoin fell from around $73,000 to approximately $59,100 within five days. Buying support at the lower levels then pushed the price back up to $64,000, and it reached $67,200 earlier this week. Following the Federal Reserve's interest rate meeting, this upward movement slowed, and the price fell below $62,400 again last Friday.

The market is currently watching two key levels: the area around $67,000 remains short-term resistance, while $62,000 is a significant support level. If this level is breached, market focus may shift back to the $60,000 mark.

The price movements of major cryptocurrencies diverged.

Most large-cap tokens traded relatively flat over the weekend. Ethereum was around $1,730, BNB was around $589, XRP was around $1.15, and Cardano saw a slight pullback. Solana was relatively stronger, rising back above $73.

HYPE, the Hyperliquid-related token that performed strongly the previous week, weakened on Sunday, while Chainlink remained largely unchanged. Overall, weekend buying did not spread across major assets, with trading concentrated on a few key instruments, and Bitcoin continuing to be the primary indicator of market direction.

LAB and AERO bucked the trend and strengthened.

Among altcoins, LAB and AERO were the two best-performing tokens over the weekend. LAB surged over 28% in a single day, rising above $15, with a cumulative monthly increase of approximately 230%. AERO rose about 10% in the past 24 hours, with a weekly increase of about 50%, and entered the ranks of the top 100 altcoins by market capitalization.

However, this kind of surge is more like a localized activity than a comprehensive altcoin rally. Since most tokens still lack synchronized price increases, if Bitcoin weakens again or market liquidity declines, the independent upward trend of small and mid-cap tokens could quickly cool down.

ETF funds and the situation in the Middle East are attracting attention.

The market is currently focused on two external variables in the short term: the flow of funds into US spot Bitcoin ETFs and the impact of the Middle East situation on risk assets. The report cites data from Galaxy Research showing that US spot Bitcoin ETFs recorded a net outflow of $6.35 billion in the past 30 days.

Traders are also watching the ceasefire negotiations between the US and Iran, as well as the risks associated with the Strait of Hormuz. If geopolitical tensions ease, pressure on oil prices may lessen, and risk asset sentiment could improve; however, if shipping through the Strait is disrupted, rising oil prices could again suppress the performance of the cryptocurrency market.

Overall, while Bitcoin has recovered to $64,000, the market still lacks a stronger unified directional signal.