Bitcoin has stabilised near the $64,000 mark on Wednesday as macro sentiments improved whereas Ethereum recovery remains weaker. The cryptocurrency was trading at $64,129 mark.In the past 24 hours, Bitcoin was up 0.89% and Ethereum was up 0.41% trading at $1,867 mark. Among the major altcoins, BNB, Solana, Hyperliquid rallied upto 5% whereas XRP, Tron, Dogecoin, and Cardano fell less than 1%.Also Read | MapMyIndia shares drop 8% despite strong Q1 earnings; PAT jumps 8% YoYCrypto TrackerTOP COINS (₹) 56,927 (1.5%)6,101,091 (0.6%)178,083 (0.3%)95 (0.0%)95 (0.0%)Crypto markets are showing signs of stabilization, with Bitcoin reclaiming the $64,000 zone after defending the $62,200–62,400 demand area, while Ethereum has also recovered but continues to lag, said Riya Sehgal, Research Analyst, Delta Exchange.Sehgal said that the current move appears to be driven more by improving global macro conditions than by a major crypto-specific catalyst and the softer U.S. Treasury yields, a weaker dollar and renewed strength in U.S. equities have improved overall risk appetite, while the absence of a major ETF, regulatory or blockchain-related trigger suggests the recovery is still externally led.The global crypto market capitalisation went up 0.38% to $2.19 trillion, according to CoinMarketCap. Bitcoin faces dormant upward pressure, yet continues to trade above $64,000, maintaining higher highs and lows and the crypto fear and greed index rises slightly to 38, while the market sentiments remain under fear, said CoinDCX Research Team.In the past week, Bitcoin and Ethereum were down 0.30% and 2.41% respectively. Among the major altcoins, BNB, Solana, Tron, Hyperliquid, and Cardano rallied upto 18.32% whereas XRP and Dogecoin were down 1.89% and 1.30% respectively.Vikram Subburaj, CEO, Giottus said that Bitcoin traded near $64,260 on Wednesday, gaining about 0.7% over 24 hours, as lower oil prices, falling US Treasury yields and stronger global equities improved risk appetite. However, weak spot demand and cautious derivatives positioning continue to limit the strength of the recovery.He further said that August 4 showed a preliminary inflow of $41.2 million. Several completed positive sessions would still be required to establish a durable institutional trend.Here is what other analyst sayAkshat Siddhant, Lead quant analyst, Mudrex: Bitcoin has regained momentum, trading above $64,000 as easing geopolitical tensions improve sentiment across risk assets. Bitcoin futures open interest declined to 740,000 BTC from a July 3 peak of 776,000 BTC.Also Read | NFO Insight: Edelweiss Nifty REITs & Realty Index Fund opens for subscription. Can its 60:40 REIT-realty mix deliver? CoinSwitch Markets Desk: BTC remained near $64K, showing little reaction even as global risk assets rallied sharply on hopes of a US-Iran agreement and the possible reopening of the Strait of Hormuz. BTC Holding above $64K would keep the short-term structure positive and could support another attempt at $64,400.Nischal Shetty, Founder, WazirX: Crypto sentiment improved as hopes of easing US-Iran tensions pushed oil prices down over 4% and supported global risk assets. Bitcoin is trading near $64,176, benefiting from easing US-Iran tensions, lower oil prices, and renewed risk appetite as the S&P 500 reached a record $70 trillion market capitalizationAvinash Shekhar, Co-Founder & CEO, Pi42: Bitcoin is once again at an interesting inflection point. Trading around $64,000, the world’s largest cryptocurrency is holding above a key support zone while gradually building momentum for its next move. Ethereum continues to consolidate as market participants await a stronger directional trigger.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)