Several altcoins posted significant gains over the past day, with tokens such as Fetch.ai, Aptos, and Bittensor leading the rally. Meanwhile, SIREN has dropped sharply, losing more than 70 percent of its value from a recent peak.
Bitcoin Sees Another Volatile Session
Bitcoin experienced a turbulent trading session, reacting to ongoing developments related to tensions between the United States and Iran. The asset moved from below 68,000 dollars to nearly 72,000 dollars before giving back some of its gains.
Following last week’s rejection near 76,000 dollars, Bitcoin held around 74,000 dollars briefly before falling below 71,000 dollars ahead of the second Federal Open Market Committee meeting of the year. A short recovery followed, but comments from Federal Reserve Chair Jerome Powell signaled a firm policy stance and pushed the price lower again toward 70,000 dollars.
Over the weekend, Bitcoin traded within a range between 69,000 dollars and 71,000 dollars. However, remarks from Donald Trump warning of potential escalation with Iran pushed the asset closer to 68,000 dollars. When futures markets reopened, Bitcoin briefly dropped below 67,500 dollars.
The price later hovered near 68,000 dollars before rising again after Trump suggested that both countries had reached an agreement to ease tensions. However, officials in Iran quickly denied any such development, leading to renewed volatility.
Despite these fluctuations, Bitcoin managed to regain the 70,000 dollar level and was trading around 71,000 dollars at the time of writing. Its market capitalization has climbed to approximately 1.42 trillion dollars, while its dominance over altcoins has increased to 56.7 percent, according to CoinGecko.
Altcoins Deliver Notable Gains
Ethereum outperformed Bitcoin over the past 24 hours, rising by about 6 percent to trade above 2,150 dollars. XRP also gained ground, moving past 1.40 dollars after a 4 percent increase and overtaking BNB once again in market ranking.
Other major altcoins posted even stronger performances. Solana climbed above 90 dollars, while Dogecoin, Cardano, and Chainlink also recorded solid gains.
Among the top performers, Bittensor surged by about 17 percent to move past 300 dollars. Aptos, Fetch.ai, LayerZero, and Render also posted double digit increases.
In contrast, SIREN saw a steep decline, losing over 70 percent of its value from a recent all time high and struggling to remain above the 1 dollar level.
The broader crypto market reflected this positive momentum, with total market capitalization increasing by nearly 100 billion dollars in a single day to surpass 2.5 trillion dollars, according to CoinGecko.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
