Bitcoin’s price rebounded strongly from last Friday’s dip to $79,000 and, despite generally muted volatility, climbed gradually to about $81,000 yesterday.
Most altcoins turned red on the daily charts after Saturday’s gains, though ETH, XRP and BNB have so far held above their key support levels.
BTC Touched $81K
The trading week opened with significant price swings for bitcoin. The token briefly surged above $80,000 on Monday for the first time since late January, then fell to $78,400 amid reports that Iran had struck a U.S. Navy vessel. Those claims were later refuted by U.S. authorities, and BTC quickly reclaimed the $80,000 zone.
Buyers accelerated over the following days and drove bitcoin to a near three-month high close to $83,000. After gaining roughly $8,000 in about a week, a pullback was expected and BTC dipped back to $79,000 on Friday.
The market recovered from that correction and retraced to $80,000 yesterday after U.S. President Donald Trump announced a three-day ceasefire between Russia and Ukraine. Bitcoin briefly reached $81,000 but could not sustain that level and now sits just under it.
Bitcoin’s market capitalization remains above $1.61 trillion according to CoinGecko, and its dominance over altcoins is north of 58%.
Altcoins Pull Back
Many altcoins posted strong gains yesterday, including several mid-cap tokens that recorded double-digit pumps. That momentum reversed for a number of names, and red now dominates most charts.
ICP and WLFI fell the most, down about 9%, followed by ONDO with a roughly 7.5% decline. ZEC, XLM, LINK, HYPE, DOGE and ADA also slipped materially.
Meanwhile SOL, BCH and ETH showed modest gains, and UNI added about 3.5%, trading above $3.85. Pi Network’s PI token was rejected again at $0.18 for the second time in recent weeks and has eased to about $0.175 after a roughly 5% weekly decline.
The total cryptocurrency market capitalization has remained near $2.8 trillion on CoinGecko.