Bitcoin price fell below $59,000 again yesterday following the latest escalation in the Middle East war, but has managed to rise to $60,000 as of press time.
Most large-cap altcoins emulated Bitcoin’s performance but remained sluggish on a 24-hour scale, with Ethereum approaching $1,600. SOL jumped more than 2% and is at $73.
BTC returns to $60,000
The previous business week started on a more positive note, with Bitcoin rising to $65,500 after the weekend. However, this was another dead bounce followed by deeper and more painful declines. The first happened almost immediately and pushed Bitcoin south to below $62,400. This was just the beginning, as the bears were about to regain full control of the market.
The next two blows were even more ferocious. Initially, Bitcoin fell to $59,000, then rebounded to $62,000, but was rejected there almost immediately. The peak, at least so far, occurred on Thursday when the asset arrived decreased To 58 thousand dollars, reaching its lowest price since before the US presidential elections in 2024.
The bulls were finally able to stop the free fall, helping Bitcoin recover to $60,000 over the weekend. Bitcoin even stopped at $60,800 after the US and Iran exchange Some hits, and it fell by a couple thousand to $58,800 on Sunday evening. It has rebounded to $60,000 so far after the two sides Announce They will be stepping down for now.
Bitcoin’s market cap is struggling at $1.2 trillion, while its dominance over altcoins remains just under 56% on CG.
PI dive after Pi2Day
The Pi Network community celebrated Pi2Day on June 28, the second most anticipated day on their calendar. team Announce Key New Features But the native token reacted with a massive 5% drop to just under $0.12 earlier in the day before it was able to regain that level as of press time. CC and WLD were the other major losers from larger-cap altcoins, each losing more than 4%.
The most painful losses appear in LAB (-19%), BEAT (-11%), and M (-7.5%). MemeCore is down nearly 80% in the past week alone. In contrast, BinanceLife rose by 37%, followed by VELVET by 12%.
Most large-cap alternative stocks remained at the same levels as yesterday. SOL and BCH had the biggest gains, rising more than 2% to $73 and $197, respectively.
The total cryptocurrency market cap defended the $2.150 trillion level on CG.
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