Bitcoin initiated a recovery wave above $62,000 following its worst weekly drop since the FTX collapse, which saw prices hit a cycle low below $59,000. The cryptocurrency stabilized around $63,259 with a 0.33% 24-hour gain, as the total crypto market cap rose to $2.18 trillion. Currently, BTC is consolidating as it attempts to clear the $64,500 resistance zone for further upward momentum.
