Meanwhile, XMR and WLD have dropped by more than 4 percent over the last 24 hours.
Bitcoin faced rejection at the $67,000 level earlier this week, with heavy selling pressure pushing the asset down toward $62,000 on Friday, where it eventually found support.
Several large cap altcoins have delivered stronger gains today, led by SOL, which has reclaimed the $70 mark, and HYPE, now trading at nearly the same level.
BTC Climbs Back Above $63K
Bitcoin started the week on a positive note. After a relatively quiet weekend, optimism grew following President Donald Trump’s announcement of a potential agreement between the United States and Iran, expected to be revealed on Sunday. As promised, he later outlined the agreement, with both parties expected to sign by the end of the week.
BTC responded immediately, rising from below $64,000 to $66,000 before surging past $67,200 on Monday morning. However, the rally lost momentum as bitcoin was rejected twice at the $67,000 level.
Volatility increased around the first FOMC meeting led by Kevin Warsh. Bitcoin briefly climbed to $66,400 before falling below $64,000 after the Federal Reserve kept interest rates unchanged and Warsh adopted a notably hawkish stance.
Selling pressure intensified amid concerns that Strategy might begin selling BTC, causing bitcoin to drop below $62,400 on Friday. Although the anticipated agreement has yet to be finalized, bitcoin has recovered to around $63,500, possibly supported by the ceasefire announcement involving Israel and Lebanon.
Bitcoin’s market capitalization has risen to $1.270 trillion on CoinGecko, while its dominance over altcoins remains slightly above 56 percent.
SOL and HYPE Reach $70
Ethereum has climbed above $1,700 despite fresh sell offs from Arthur Hayes. BNB remains below $590, while XRP continues to battle around $1.15.
SOL and HYPE have posted similar gains and now trade at nearly identical levels, both hovering around $70. ZEC has also gained 4 percent and is now trading above $470.
On the downside, Monero has fallen 4.4 percent to below $315. WLD has slipped to $0.60 following a 4.7 percent decline. MORPHO is also down 3.6 percent and now trades below $1.90.
The total cryptocurrency market capitalization has increased by approximately $40 billion since yesterday’s low and now stands above $2.270 trillion on CoinGecko.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
