After slipping to roughly $74,000 on Saturday, Bitcoin rebounded to about $77,000 yesterday and has since held near that level.
The recent movement followed a public comment from U.S. President Donald Trump regarding developments with Iran and the possibility of a lasting peace. The market appears to have interpreted the remark primarily as an extension of the current ceasefire.
Bitcoin Price Holds Near $77,000 as Key Economic Week Approaches
As previously reported, cryptocurrency markets remained mostly flat over the last 24 hours, though they experienced a weekend uptick after the U.S. President suggested a “largely negotiated” agreement with Iran.
Market observers also indicated that a 60-day extension of the ceasefire seems increasingly likely.
“It also appears further progress has been made toward a 60-day ceasefire extension for the Iran war.” – The Kobeissi Letter
Bitcoin is trading slightly above $77,000 and held steady through Memorial Day, a time when many traditional markets were closed.
Looking ahead, the coming week features several important U.S. economic releases that could influence markets:
- May consumer confidence data – Tuesday
- April PCE inflation report – Thursday
- U.S. Q1 2026 GDP figures – Thursday
It’s also worth noting that spot Bitcoin ETFs experienced significant outflows the week of May 18–22, registering more than $1.2 billion in withdrawals. Ethereum ETFs likewise saw declines, while some niche products—such as funds for SOL, XRP, and HYPE—recorded increases in assets under management.
Altcoins Largely Flat; HYPE Momentum Eases
Most large-cap altcoins traded largely sideways over the past day. Ethereum remained near yesterday’s levels, BNB gained roughly 0.5%, and TRX rose about 0.3%. Meanwhile XRP, SOL, DOGE, and ADA each slipped roughly 0.3%.
HYPE, which was one of last week’s strongest performers after rallying more than 40% over seven days, has cooled off somewhat. Nonetheless, the token still shows notable strength and recently climbed into the top 15 projects by market capitalization.
Among the top performers over the past 24 hours were DEXE, which rose about 20%, STABLE, up roughly 15%, and XDC Network (XDC), which gained about 9.6%. On the downside, Uniswap’s UNI led losses with a drop near 2.7%, followed by Kaspa and Sui.