Bitcoin experienced a notable recovery on Monday, climbing 2.3% to reach $64,282 following a challenging week that witnessed the leading digital asset decline by approximately 3%.
The upward movement occurred as market participants turned their attention to an upcoming Wednesday gathering at the White House, where President Trump is anticipated to engage with cryptocurrency industry executives as part of his administration’s newly formed innovation committee.
The Wednesday session will feature cryptocurrency company chief executives, prediction market platform leaders, alongside representatives from conventional finance sectors and artificial intelligence. A subsequent meeting is planned for Thursday at the Commodities Futures Trading Commission, the body overseeing the committee, where additional cryptocurrency regulatory matters are expected to be addressed.
The previous week’s downturn stemmed from multiple factors including Middle Eastern geopolitical concerns, regulatory obstacles, and announcements that Strategy had liquidated $333.7 million of its equity. The firm disposed of 3,458,866 shares during the August 10-16 period, allocating the funds toward dividend payments, buyback programs, and treasury reserves.
Strategy’s Bitcoin portfolio remains steady at 840,447 tokens, currently valued at roughly $53.4 billion. The corporation’s mean acquisition cost sits at $75,385 per Bitcoin.
Bitcoin exchange-traded funds registered approximately $390 million in net withdrawals during the past week, representing the most significant seven-day outflow period since the beginning of July, based on SoSoValue tracking data.
Monday also delivered a modest encouraging development from the U.S. Treasury Department, which initiated a public consultation process regarding the distribution and offering of payment stablecoins pursuant to the GENIUS Act framework.
Glassnode co-founder Rafael Schultze-Kraft highlighted an uncommon configuration within the derivatives market. He observed that Bitcoin’s implied volatility had descended to the 2nd percentile across its complete historical range. Glassnode’s “volatility trap” indicator registered 91 out of 100, marking its most elevated reading in more than three and a half years.
Schultze-Kraft observed that implied volatility continues to hover approximately 1.5 times higher than realized volatility, indicating options market participants continue to absorb substantial premiums despite the subdued price dynamics. Historical instances of comparable compression have frequently preceded significant price movements, although the metrics provide no directional indication.
Market analyst Michael van de Poppe highlighted the significance of the $63,300 threshold. He observed that Bitcoin encountered this zone and experienced immediate buying pressure, suggesting that another test of this level would indicate underlying weakness. He anticipates Bitcoin advancing toward $65,000 provided the present recovery maintains momentum.
Based on CoinGlass liquidation metrics, upside liquidity concentrations exist at $64,000 and $64,700. Lower-side liquidity accumulates near $62,700 and $62,200. Bitcoin has remained confined within the $62,000 to $65,000 corridor since the final days of July.
Market commentator Ted (@TedPillows) on X identified the $72,000–$74,000 band as the crucial threshold for Bitcoin’s subsequent major directional shift. He stated that successful reclamation of that territory would substantially diminish the probability of another descent beneath $60,000. Should Bitcoin fail to recover that range, he envisions a potential decline below $58,000.
Bitcoin was last trading around $64,282 during Monday evening Eastern Time.
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