The cryptocurrency market extended its recovery over the weekend, with Bitcoin climbing back toward the $63,000 level while several altcoins posted mixed performances. Among the standout movers, LAB stole the spotlight after soaring 80 percent in a single day, while Cardano continued its impressive rebound.
Bitcoin Extends Recovery
After enduring a difficult June that saw the leading cryptocurrency lose more than 20 percent of its value, Bitcoin entered July under renewed pressure. The asset briefly fell below $58,000, marking its lowest level in years before buyers stepped in to reverse the decline.
The rebound gathered pace as Bitcoin quickly reclaimed the $60,000 mark. Although the rally briefly paused with a dip below that level, bullish momentum returned as easing ETF outflows and renewed investor demand helped lift prices higher.
Bitcoin advanced past $62,000 before reaching an intraday high of around $63,400 on Saturday. While the rally encountered resistance near that level, the asset continues to trade close to $63,000, representing a weekly gain of nearly 5 percent.
Its market capitalization has climbed to approximately $1.26 trillion, while its share of the overall cryptocurrency market remains below 57 percent.
LAB Leads the Altcoin Rally
Performance across the major altcoins was mixed during the latest session.
Ethereum failed to break above the $1,800 level and is now trading slightly above $1,760. BNB was also unable to regain the $580 mark and remains below that resistance level.
XRP is holding below $1.15, while Solana slipped about 2.4 percent as it tested support near $80. Hyperliquid’s HYPE lost around 4 percent, and Stellar declined roughly 3.4 percent.
On the positive side, Cardano extended its recent recovery with another 9 percent gain, lifting the token above $0.19. Bitcoin Cash also posted strong performance, rising about 6 percent to trade near $240.
The biggest winner of the day was LAB, which surged an impressive 80 percent amid continued volatility. The token is now trading above $16 after another explosive session.
The broader cryptocurrency market also moved higher, with total market capitalization increasing to approximately $2.23 trillion.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
