Bitcoin and several major altcoins experienced sharp volatility after former US President Donald Trump criticized Iran’s latest proposal, triggering renewed uncertainty across the crypto market.
While XRP appeared poised for a major breakout on Sunday evening, the rally quickly faded after Trump’s remarks spread across financial markets and social media.
Bitcoin Rejected Above $82,000
Bitcoin enjoyed a strong performance throughout most of last week. The rally began on Monday when the leading cryptocurrency climbed to $80,800, its highest level in three months, before briefly dropping more than $2,000 during a sudden correction.
Despite the setback, BTC quickly recovered, reclaiming the $80,000 mark and surging to a new local high of $82,800 on Wednesday.
After gaining nearly $8,000 within a week, the market eventually cooled off. Bitcoin corrected lower on Thursday before falling further to around $79,100 on Friday.
Buyers returned shortly afterward, helping BTC recover above $80,000 during Saturday trading.
The market remained relatively calm over the next day and a half before volatility returned late Sunday and into Monday morning. Bitcoin initially climbed to $81,500, then dropped to roughly $80,250 before rallying sharply toward $82,500.
However, the move higher lost steam after Donald Trump reportedly rejected Iran’s latest proposal, describing it as “totally unacceptable.” Following those comments, Bitcoin quickly retreated below the $81,000 level.
Bitcoin’s market capitalization currently stands near $1.62 trillion, while its dominance over the broader altcoin market remains above 58%.
Altcoin Breakouts Lose Strength
XRP emerged as one of the strongest performers during Sunday evening trading, rising more than 5% and briefly surpassing $1.50 for the first time in over three weeks.
Many analysts viewed the move as the beginning of a larger breakout, but momentum quickly faded as selling pressure returned. XRP later slipped back toward the $1.45 range.
Cardano followed a similar pattern, erasing most of its earlier gains and returning to levels close to where it traded the previous day.
Ethereum, Binance Coin, Solana, TRON, and Dogecoin also remained in positive territory on the daily timeframe, though all traded below the highs reached during Sunday evening’s rally.
Among the strongest performers, SUI surged roughly 12% over the past 24 hours, while Zcash recorded one of the largest declines, falling more than 6%. HYPE and Uniswap also traded lower.
The total cryptocurrency market capitalization has now fallen to approximately $2.78 trillion after briefly surpassing $2.83 trillion during Sunday evening trading.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
