After a quiet weekend despite notable developments on the war front and an evacuation at a White House event, Bitcoin’s volatility returned on Monday morning with a jump toward $80,000 that was quickly rejected.
Most altcoins followed Bitcoin’s move, but red continues to dominate 24-hour performance charts. A few larger-cap alts—HYPE and RAIN—are among the exceptions showing gains.
Bitcoin Rejected Near $80K
Following a dip below $75,000 at the start of last week, Bitcoin climbed to roughly $79,500 within hours after reports of a ceasefire extension involving Iran and the US. For the next several trading days, price action was relatively muted, holding between $77,000 and $78,500.
The weekend remained calm overall, with two brief exceptions. On Saturday morning, news that former President Trump canceled the US delegation’s trip to Pakistan to meet with Iranian representatives coincided with a drop to about $77,200.
Later that same day, Bitcoin surged after reports that attendees at a special White House event, including Trump, were evacuated following gunfire by a 31-year-old California resident. The market reacted quickly to the developing story, producing a short-lived spike.
More significant volatility returned on Monday morning, when reports emerged that Iran had proposed a deal to the US to end hostilities. Bitcoin rallied to near $79,500 for the second time in the week but was rejected at that level and fell back toward $77,500. It has since found support and is trading close to $78,000.
Bitcoin’s market capitalization is about $1.56 trillion, and its dominance over altcoins remains above 58% according to CoinGecko.
PENGU and Other Altcoin Movers
PENGU led moves among the top 100 altcoins by market cap, climbing more than 10% to approach $0.01. JUP, HASH, and STABLE also posted notable gains. Among larger-cap alts, RAIN and HYPE were the top performers, rising roughly 4.5% and nearly 3%, respectively.
Conversely, major assets including Ethereum (ETH), Binance Coin (BNB), XRP, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Bitcoin Cash (BCH) posted modest losses. Privacy-focused coins Monero (XMR) and Zcash (ZEC) were slightly higher, each up just over 1%.
The total cryptocurrency market capitalization remains essentially unchanged from the previous day, sitting at about $2.68 trillion on CoinGecko.