SIREN continues to stand out as one of the strongest performers among altcoins.
After a slow weekend with minimal price action, Bitcoin volatility returned on Monday morning. The asset dropped to a new monthly low before staging a strong recovery.
Most large cap altcoins are posting modest daily gains, with Ethereum leading the way after rising above 2050 dollars at the time of writing.
Bitcoin Falls Then Recovers
Bitcoin experienced a strong rally last Monday after Donald Trump suggested that the United States and Iran had made progress in their negotiations. The price surged from 67500 dollars to nearly 72000 dollars.
However, the momentum slowed after Iran rejected those claims, pushing Bitcoin down to around 69000 dollars. The asset regained strength midweek, reaching a weekly high near 72000 dollars on Wednesday.
That level proved difficult to break, leading to a sharp decline. By Friday, Bitcoin had fallen to about 65600 dollars, its lowest level in roughly four weeks.
It quickly recovered above 66000 dollars and spent the weekend moving within a tight range between that level and 67000 dollars. Earlier today, Bitcoin dipped again to just under 65000 dollars, marking a new monthly low, before rebounding to nearly 68000 dollars. The rally stalled following fresh developments related to geopolitical tensions.
Bitcoin’s market capitalization now stands at approximately 1.35 trillion dollars, while its dominance over altcoins is slightly above 56 percent, according to CoinGecko.
Ethereum Leads Altcoin Gains
Ethereum, the largest altcoin, has responded positively to the renewed volatility. It has gained around 3 percent over the past day, climbing above 2050 dollars after briefly falling below 1950 dollars earlier.
Other major altcoins including BNB, XRP, Solana, TRON, Dogecoin, and Cardano are also showing small gains.
On the downside, HYPE has dropped by about 4 percent, while Bitcoin Cash remains down roughly 6 percent following a sharp decline the previous day. Meanwhile, tokens such as Zcash, Shiba Inu, Uniswap, NEAR Protocol, and SKY are recording gains.
SIREN continues to outperform the broader market, rising by another 8 percent to approach 1.80 dollars.
The total cryptocurrency market capitalization has increased by around 40 billion dollars since Sunday and is now above 2.4 trillion dollars, based on CoinGecko data.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
