Bitcoin experienced renewed volatility following the latest developments surrounding US tariffs but ultimately recovered from its dip and is now trading around the $68,000 level. Despite the turbulence, the broader market has shown resilience, with several altcoins posting notable gains.
Last weekend, bitcoin rebounded strongly after defending support near $65,000. Buyers pushed the price close to $71,000, marking its highest level in about a week. However, the rally quickly lost momentum as the new business week began. BTC faced rejection near $70,000 on Monday and gradually weakened over the following days. The decline intensified on Thursday when sellers drove the price down to approximately $65,600. From that level, bitcoin mounted a swift recovery of roughly $3,000.
Volatility returned on Friday after the US Supreme Court ruled that certain tariffs introduced by President Donald Trump were unlawful. In response, Trump announced an additional 10 percent global tariff. Bitcoin reacted sharply, dropping about $2,000 within minutes, but it rebounded just as quickly and has since stabilized above $68,000. Its market capitalization now exceeds $1.36 trillion, while its dominance over the altcoin market stands at roughly 56.5 percent.
Among major altcoins, Ethereum, XRP, Solana, and TRON have recorded modest daily gains of less than one percent. Ethereum remains below the $2,000 threshold, and XRP is trading near $1.45. Bitcoin Cash and HYPE have delivered stronger performances among larger-cap assets.
More pronounced gains have come from Polkadot, Uniswap, and NEAR Protocol, with NEAR rising as much as 8 percent. The standout performer, however, is Ethereum Classic, which has climbed approximately 16 percent to trade near $9.70. Filecoin and Arbitrum have also posted solid advances.
The total cryptocurrency market capitalization has regained the $2.4 trillion level and currently stands at approximately $2.415 trillion.
