Bitcoin slipped to near $64,000 on Tuesday — down over 1% on the day but marginally positive on the week — after a fourth consecutive failed attempt to hold above $65,000, reaching a 24-hour high just above $65,300 before sliding through the Asian afternoon. Ether was the weakest major, down over 2% to $1,878. XRP fell almost 2% to $1.01 and is down almost 6% on the week — the worst major by a significant margin. Solana eased under 1% to $76 but leads the week at +3%. BNB slipped to $600, holding a 2% weekly gain. Three majors bucked the trend: HYPE rose almost 2% to $55, Tron gained slightly to 33 cents, and Dogecoin was marginally higher at 7 cents. Brent crude held at $87.73 after jumping 5% on Monday when Trump made fresh demands on Iran and dimmed hopes of a Hormuz deal. Gold rose for a third consecutive session above $4,400. US 10-year Treasury yields rose 6 basis points on Monday to 4.71%. US CPI data arrives Wednesday at 8:30 a.m. ET — the most direct scheduled catalyst for whether the oil-driven inflation worry that is suppressing risk assets eases or intensifies.
Four Failed $65,000 Tests — FxPro's Kuptsikevich Reads Shorts Building, Not Profit-Taking
FxPro chief market analyst Alex Kuptsikevich's interpretation of the four-day $65,000 test is the most analytically useful framing of Bitcoin's current price behavior. The standard interpretation of repeated tests of a level without a breakout is that sellers are absorbing buying attempts — profit-taking by existing holders who purchased at lower prices. Kuptsikevich's reading is different and more constructive: the absence of selling into the $65,000 level — rather than sellers actively capping the price — suggests that what is being built above $65,000 is short positions, not supply from holders exiting.
