Bitcoin has remained relatively steady around the $60,000 mark over the weekend, despite renewed conflict in the Middle East and fresh tensions between the United States and Iran.
Most altcoins posted modest losses over the past 24 hours, with Zcash recording the sharpest decline among larger-cap assets. Aave also faced renewed selling pressure, slipping below $90 after a strong correction.
Bitcoin Stabilizes Around $60K
The week started positively for Bitcoin as it climbed to $65,500 after reclaiming support near $64,000 over the weekend.
That momentum faded quickly as selling pressure intensified throughout the week. Initially, bears pushed BTC below $62,400, and continued declines eventually dragged the asset to fresh multi-year lows.
By Wednesday, growing fear surrounding Strategy added further pressure, sending Bitcoin down to $59,000. A brief recovery to $62,000 on Thursday offered some relief, but it was short lived.
BTC then suffered another sharp drop, falling to $58,000, its lowest level since late 2024.
Buyers eventually stepped back in at these lower levels, preventing further downside. Since then, Bitcoin has recovered by roughly $2,000 and has traded close to $60,000 for most of the past 36 hours.
This relative stability is notable considering the renewed geopolitical uncertainty, with the United States and Iran exchanging accusations and military actions following the collapse of a ceasefire.
Bitcoin’s market capitalization remains above $1.2 trillion, while its market dominance has climbed back toward 56 percent.
Altcoins Mixed as ZEC and M Slide
Although most altcoins are trading in negative territory today, their losses remain relatively mild compared with the heavy selloff seen earlier in the week.
Ethereum continues to trade just below $1,600, while XRP is near $1.05. Solana remains above $70, and Hyperliquid is trading around $63.
Dogecoin has declined by more than 2 percent, while Zcash posted the steepest loss among larger-cap altcoins, falling to around $385.
Aave has also surrendered much of yesterday’s gains and is now back below $90.
Meanwhile, M continues its downward trend, dropping another 13 percent to around $0.68.
On the positive side, VELVET surged more than 30 percent, pushing it into the top 100 cryptocurrencies by market capitalization. PUMP also posted strong gains with a 15 percent rally.
The total cryptocurrency market capitalization has declined by roughly $20 billion over the past day and now sits below $2.16 trillion.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
