The crypto market is showing signs of recovery heading into the weekend, with Bitcoin reclaiming the $60,000 level and Solana pushing above $70. Among today’s strongest performers, Aave leads with a double digit gain, climbing past $90.
Bitcoin Struggles Around $60K
Bitcoin started the week on a positive note, recovering from the previous weekend’s dip and climbing to $62,500 before reaching $65,500 on Monday. However, the rally was short lived as sellers quickly regained control and stopped further upside momentum.
The asset soon dropped back to $62,000 and briefly rebounded to $63,000 before facing stronger selling pressure. Bitcoin then fell below $60,000 for the second time this month, touching $59,000.
A short lived recovery pushed BTC close to $62,000 again, but another heavy selloff followed on Thursday. This sent the leading cryptocurrency down to $58,000, marking its lowest level since late 2024.
The latest decline was largely linked to weakness in MSTR, which fell to a multi year low below $80. Despite additional pressure from renewed tensions in the Middle East, Bitcoin has managed to recover some lost ground and is now trading slightly above $60,000.
Bitcoin’s market capitalization has climbed to roughly $1.21 trillion, while its dominance over the altcoin market remains below 56%.
SOL and AAVE Lead Altcoin Recovery
Ethereum continues its gradual recovery after recently touching $1,510 and now trades close to $1,600 following modest daily gains.
XRP has also moved higher, reclaiming support above $1.05 after rising about 2% over the past day.
Among major altcoins, Solana posted the strongest gains, climbing above $72 and leading the large cap recovery.
Even stronger moves came from Avalanche and Morpho, alongside AAVE. AAVE surged by double digits to above $95, while AVAX rose beyond $6.60. MORPHO also gained around 7%, nearing $1.80.
On the downside, MemeCore remains under heavy pressure. The token has dropped another 20% and is now struggling to hold above $0.70.
Overall, the total cryptocurrency market capitalization has recovered more than $80 billion since Thursday’s low and now stands near $2.17 trillion.#cryptp#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
