The cryptocurrency market added approximately $70 billion in value over the past 24 hours as Bitcoin surged to its highest price in a month, while major altcoins also posted strong gains led by Cardano.
Bitcoin quickly recovered after briefly slipping below $64,000 on Monday morning, extending its rebound to more than $66,000 and reaching its highest level since mid June.
Last week began on a weak note after geopolitical tensions in the Middle East weighed on investor sentiment, sending Bitcoin from above $64,000 to below $62,000. However, stronger than expected buying followed the release of favorable US inflation data for June, allowing the leading cryptocurrency to climb to $65,500 for the first time in three weeks.
The rally briefly lost momentum, with Bitcoin falling back to around $62,500 by Friday. Buyers returned once again over the weekend, lifting the asset back to the $64,000 level before another attempt to reclaim $65,000 stalled on Sunday.
Monday’s pullback proved short lived. After dipping to an intraday low near $63,750, Bitcoin bounced sharply, reclaiming $65,500 before extending its gains to roughly $66,300, its highest price since June 17.
At the time of writing, Bitcoin was holding above $66,000, pushing its market capitalization to approximately $1.33 trillion. The cryptocurrency also strengthened its market dominance, which rose to 57.2% as capital continued flowing into Bitcoin.
The broader altcoin market also turned positive, with most leading digital assets recording notable gains.
Ethereum continued its steady climb toward the $1,950 level as traders looked for a potential move toward the psychologically important $2,000 mark. BNB approached $580, while XRP and Hyperliquid’s HYPE token each gained around 4% over the past day.
Dogecoin, Zcash, and Stellar also posted similar daily gains, but Cardano emerged as one of the strongest performers among major cryptocurrencies. ADA surged more than 8%, climbing to around $0.175, its highest level in recent weeks.
Other notable gainers included Bitcoin Cash, Uniswap, Aave, Polkadot, and Worldcoin, while ONDO delivered one of the biggest rallies of the day, jumping more than 14% to trade near $0.40.
The strong performance across Bitcoin and the wider altcoin market lifted the total cryptocurrency market capitalization by roughly $70 billion in just one day, pushing the overall valuation to approximately $2.32 trillion for the first time in a month.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
