Bitcoin’s price appears to have stabilized around the $77,000 level as investors prepare for a week packed with major economic developments.
After falling to nearly $74,000 on Saturday, BTC rebounded sharply and climbed back above $77,000 on Sunday. The recovery followed comments from US President Donald Trump regarding ongoing negotiations with Iran and the possibility of achieving a lasting peace agreement.
Despite the optimism, markets largely interpreted the development as a likely extension of the current ceasefire rather than a finalized long term deal.
Bitcoin Maintains Stability Ahead of Key Economic Reports
Crypto markets remained mostly unchanged over the last 24 hours, although the sector experienced a brief rally during the weekend after Trump suggested that negotiations with Iran were largely complete.
Market analysts also pointed toward the possibility of extending the ceasefire in the Iran conflict for another 60 days.
The Kobeissi Letter stated that additional progress appears to have been made toward securing a longer ceasefire arrangement.
With US financial markets closed for Memorial Day, Bitcoin has continued trading slightly above $77,000 in relatively calm conditions.
However, investors are closely watching several important economic reports scheduled for this week, including:
• May consumer confidence data on Tuesday
• April PCE inflation figures on Thursday
• US first quarter 2026 GDP data on Thursday
The week also follows one of the worst periods for spot Bitcoin ETFs this year. Between May 18 and May 22, Bitcoin ETFs recorded more than $1.2 billion in net outflows.
Ethereum ETFs also experienced significant withdrawals during the same period, while investment products tied to Solana, XRP, and HYPE attracted fresh inflows and growth in assets under management.
Altcoins Trade Sideways as HYPE Momentum Slows
Most major altcoins remained relatively flat over the past day.
Ethereum traded near unchanged levels, while BNB gained 0.5% and TRX added 0.3%. Meanwhile, XRP, Solana, Dogecoin, and Cardano each posted minor declines of roughly 0.3%.
HYPE, which was among last week’s strongest performers after surging more than 40% over seven days, appears to be losing some momentum.
Even so, the token continues to display notable market strength and has already climbed to become the crypto industry’s 11th largest project by market capitalization.
Among the top gainers over the past 24 hours were DEXE, which jumped 20%, STABLE, up 15%, and XDC Network, which gained 9.6%.
On the downside, Uniswap’s UNI token dropped 2.7%, making it the weakest performing major altcoin of the day, followed by Kaspa and Sui.#crypto#cryptonewshttps://coinsignals.net https://t.me/coinsignalpublic
