Bitcoin traded around $63,460 during Asian hours on Monday, Aug. 17, recovering 0.7% over 24 hours but remaining 2.3% lower over seven days as the cryptocurrency market entered another week with limited momentum.

Bitcoin’s market capitalization stood near $1.27 trillion.

The broader crypto market was valued at roughly $2.24 trillion, while Bitcoin dominance remained close to 57%. Most large-cap cryptocurrencies posted modest daily gains, but weekly performance remained mixed after Bitcoin fell from above $65,000 during the previous week.

Bitcoin price remains below last week’s highs

Bitcoin’s latest rebound has yet to erase the decline from last week’s $65,400 area. $BTC fell as low as roughly $62,500 on Friday before…