Other major gainers during the latest rally include NEAR, WLD, MORPHO, and ONDO.
After losing nearly $8,000 within a little more than a week, bitcoin finally staged a notable recovery over the past 24 hours following encouraging developments surrounding possible peace negotiations between the United States and Iran.
The broader altcoin market also rebounded sharply, helping the total cryptocurrency market capitalization recover more than $80 billion from yesterday’s lows.
Bitcoin Climbs Back Toward $77K
Bitcoin experienced intense selling pressure throughout the past 10 days due to several factors, including continued ETF outflows, investor selling activity, and rising geopolitical concerns.
The leading cryptocurrency dropped below $78,000 last weekend before falling further to around $76,000 during the following days.
Attempts to recover on Wednesday and Thursday failed after BTC faced strong resistance near the $78,000 level. Sellers regained control on Friday and intensified pressure on Saturday morning, sending bitcoin down to slightly above $74,000.
That decline marked bitcoin’s lowest price level in May and came shortly after new threats directed at Iran by US President Donald Trump.
However, sentiment shifted after reports emerged that both sides had made meaningful progress toward a potential long term peace agreement, a development Trump later confirmed publicly.
The news immediately triggered renewed buying activity, pushing bitcoin above $77,200 earlier today before the rally slowed. BTC is currently trading just under the $77,000 mark, while its market capitalization has recovered to approximately $1.54 trillion according to CoinGecko.
Bitcoin’s dominance over the altcoin market also remains above 58 percent after briefly slipping lower yesterday.
HYPE Sets New All Time High
Hyperliquid’s HYPE token has continued to outperform the broader market over recent weeks, despite briefly falling to $55 during yesterday’s correction.
The token extended its rally today by climbing to a fresh all time high above $63, solidifying its position as one of the strongest performing crypto assets in the market.
Ethereum successfully defended the important $2,000 support level and climbed above $2,100 following a daily gain of roughly 4.5 percent.
BNB recovered to $660, while XRP reclaimed resistance around $1.35. SOL advanced to $87, and ZEC rebounded toward $645.
Additional gains were recorded across several major cryptocurrencies including XLM, SUI, AVAX, TAO, and CC.
Some of the strongest performances came from WLD, NEAR, MORPHO, ONDO, and QNT, all of which posted impressive double digit gains during the latest market rebound.
Overall, the total crypto market capitalization has increased by more than $80 billion since yesterday’s lows and now stands at approximately $2.65 trillion, according to CoinGecko.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
