Bitcoin’s price remained relatively stable at around $60,000 over the weekend despite new attacks in the Middle East and a disrupted ceasefire.
Most altcoins posted minor losses on a 24-hour scale, while ZEC fell further from the larger maximum. The AAVE also fell below $90 after a massive correction today.
BTC is stagnant around $60,000
The underlying cryptocurrency has enjoyed a strong start to the business week as it rose to $65,500 after reclaiming support at $64,000 over the weekend. However, this did not last long, and the next few days were extremely painful. Initially, the bears drove the stock south to below $62,400, before the next two declines took it to multi-year lows.
The cryptocurrency fell to $59,000 on Wednesday as FUD around the strategy continues more. After rebounding to $62,000 on Thursday, Bitcoin saw another major decline. This time, it is decreased to $58,000, the lowest price since late 2024.
The bulls finally managed to emerge again at this point and did not allow another collapse. Instead, Bitcoin has rebounded by a few thousand and has remained at around $60,000 for most of the past 36 hours.
This calm now is somewhat surprising, given what has happened in the Middle East. The United States and Iran started exchange Strikes and blames each other for violating the ceasefire.
Bitcoin’s market cap stands at over $1.2 trillion on CG, while its dominance over altcoins is close to 56% again.
Zeke, M.Droub
Although the chart below will show that most altcoins are in the red today, their declines are fairly minimal compared to what happened during the week. Ethereum is still below $1,600, XRP is at $1.05, SOL is above $70, and HYPE is at $63. BNB price fell a little more, while DOGE fell more than 2.3%.
ZEC has dumped most of its significant value altcoins today, struggling at $385. AAVE has lost a lot of momentum since yesterday as it is back below $90 now. M continues to dig new lows, as another 13% decline pushed it to $0.68. On the other hand, VELVET stock rose by 30% and entered the top 100 alternative stocks in terms of market capitalization. PUMP follows suit with a 15% increase.
The total cryptocurrency market capitalization lost about $20 billion per day and less than $2.160 trillion on CG.
this post Bitcoin remains stable at $60,000 despite new attacks between the US and Iran: Weekend Watch appeared first on CryptoPotato.
