Bitcoin continued its steady weekend recovery, climbing close to the $65,000 mark after rebounding from a low of around $63,700 on Saturday.
While most large cap altcoins have traded with little movement over the past 24 hours, the weekly performance tells a different story. Zcash (ZEC), Litecoin (LTC), Ondo (ONDO), and Cronos (CRO) emerged as some of the strongest performers, while Hyperliquid (HYPE) recorded the biggest decline among major cryptocurrencies.
Bitcoin Eyes Key Resistance
Bitcoin spent much of last weekend hovering around $64,000 despite escalating tensions between the United States and Iran. However, the market reacted on Monday as geopolitical uncertainty pushed BTC down to approximately $61,800.
Sentiment improved after softer than expected US inflation data for June was released on Tuesday. The positive macroeconomic news helped Bitcoin rally to nearly $65,600 on Wednesday, its highest level in about three weeks.
The momentum proved short lived, with BTC falling back toward $62,000 on Thursday and Friday. Buyers stepped in before further losses could develop, allowing the asset to recover to around $64,000 before advancing toward $65,000 over the weekend. Even so, Bitcoin has yet to reclaim that level, which analysts view as an important short term resistance.
Bitcoin’s market capitalization has climbed to nearly $1.3 trillion, while its dominance over the broader crypto market has risen above 57%.
Weekly Winners and Losers
Ethereum briefly approached $1,950 earlier in the week before pulling back by almost $100. Despite the correction, ETH remains more than 4% higher than it was a week ago.
Among the largest cryptocurrencies, ZEC delivered the strongest weekly performance with a gain of roughly 9%. Litecoin, Ondo, and Cronos also posted notable advances, with CRO rising by as much as 8%.
On the downside, Hyperliquid’s HYPE token fell more than 9% over the week. Even so, it managed to hold support around the $60 level. Bitcoin Cash, Chainlink, Bittensor, and Aave also ended the week with noticeable losses.
Despite mixed performances across individual assets, the total cryptocurrency market capitalization has grown by roughly $60 billion over the past week, reaching more than $2.27 trillion.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
