Investing.com -- Bitcoin hovered around the $64,000 level Saturday evening, paring declines following weakening stablecoin inflows that pointed to subdued demand for cryptocurrency assets.
The token traded up 0.25% $64,332, over 24 hours, according to Binance market data.
Bitcoin was trading at $64,360 as of 17:00 ET (21:00 GMT) and had ranged between approximately $63,703 and $65,396 during the session. The decline left the cryptocurrency roughly 50% below its record high as the bear market that began in October continued.
Stablecoin transfers to exchanges have fallen to their lowest level since 2025, CryptoQuant analyst Darkfost said.
The 30-day average inflow of USDT and USDC on Ethereum stands at about $2.3 billion, well below the 365-day average of $3.7 billion. When Bitcoin reached its record high, the figures were approximately $5.6 billion and $4.3 billion, respectively.
Lower inflows suggest investors are moving less readily deployable capital onto trading platforms, pointing to weaker buying interest. Stablecoin flow peaks can be lagging indicators, as some investors take profits after demand has already accelerated.
Corporate Bitcoin proxy Strategy also introduced new metrics intended to give common shareholders a clearer view of its exposure after accounting for debt and preferred shares, CoinDesk reported.
Its new net reserve stands at $36.6 billion. The calculation combines $55.6 billion of Bitcoin holdings and $3.2 billion in cash before subtracting $22.3 billion in convertible debt and preferred-stock claims.
Regulatory uncertainty also remained in focus as the Digital Asset Market Clarity Act struggled to secure enough Senate support.
Democrats have rejected proposed ethics limits on senior government officials as too weak, particularly restrictions covering President Donald Trump's crypto interests. Senate Majority Leader John Thune said passage before the summer recess was unlikely.
The bill would create a broader U.S. market structure for digital assets, including rules covering token oversight, stablecoin rewards and decentralised finance.
Crypto price today: altcoins fall, set for bearish close to the week
Broader crypto prices fell on Saturday and were set to close the week lower.
World no.2 crypto Ether gained 0.6% to $1,832, while XRP gained 0.72% to $1.09.
BNB was up 0.6%, while Solana and Cardano gained by 0.89% and 0.6% each.
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