Bitcoin ended a quiet weekend with a strong upward move, climbing from just above 67,000 dollars to a recent high near 69,600 dollars, where it encountered resistance.
At the same time, oil prices surged sharply following new developments in tensions between the United States and Iran.
Bitcoin Moves Toward 70,000
The leading cryptocurrency experienced a highly volatile week prior, reacting to ongoing updates related to the conflict with Iran. Its price dropped to around 65,000 dollars, then rose to about 69,200 dollars before being pushed back below 66,000 by the end of the week.
Over the weekend, trading activity was expected to slow due to the Easter period in the United States. However, mixed statements from Donald Trump continued to influence sentiment. He initially gave Iran a 48 hour deadline to reopen the Strait of Hormuz by Monday, later extended the timeline, and again warned of possible strikes targeting key infrastructure such as power plants and bridges.
A fresh report on Monday suggested that both sides are in discussions, although the likelihood of reaching an agreement remains low. Despite that, Bitcoin climbed to around 69,600 dollars after the news. Oil prices also jumped past 110 dollars per barrel, and Wall Street futures quickly recovered from earlier losses.
Bitcoin’s market capitalization has now risen to approximately 1.38 trillion dollars, while its dominance over alternative cryptocurrencies has increased to about 56.5 percent.
Ethereum Climbs Above 2,100
Ethereum is among the stronger performers among major altcoins, gaining more than 4 percent and moving back above the 2,100 dollar level.
XRP approached 1.35 dollars after a solid daily increase, while Cardano rose nearly 6 percent to move past the 0.25 dollar level.
Solana, Hyperliquid, and Chainlink also recorded gains. Meanwhile, Avalanche climbed about 7 percent to reach 9.4 dollars.
In contrast, RAIN declined sharply by nearly 10 percent, standing out as one of the few major losers.
Overall, the total cryptocurrency market capitalization increased by more than 60 billion dollars in a single day, reaching approximately 2.45 trillion dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
