Bitcoin’s attempt to recover pushed the price briefly above $64,000 yesterday, but momentum stalled and it now trades roughly $1,000 lower.
Most large-cap altcoins are modestly higher today. Ethereum is edging toward $1,700, Binance Coin has reclaimed the $600 level, and XRP leads the top ten with a roughly 2% gain.
BTC Back to $63K
Bitcoin endured a difficult start to June. The month began with BTC near $73,000, but the price quickly fell under $70,000 and continued its slide to multi-year lows as several key support levels gave way, including $65,000 and eventually $60,000.
That $60,000 support was breached last Friday amid heavy selling pressure. BTC dipped below the level for the first time since late 2024 and reached a low near $59,100 before buyers stepped in and helped the market reclaim the $60,000 zone.
Over the weekend the price climbed back to $61,000 and $63,000. On Monday there was a rapid spike to about $64,200 following reports of a potential peace development between the U.S. and Iran, but the rally stalled at that point. Subsequent attempts to push through $64,200 failed during the day, and bitcoin currently trades around $63,000.
Bitcoin’s market capitalization has stabilized near $1.265 trillion on CoinGecko, while its dominance has eased slightly to about 56.1%.
XRP Keeps Recovery In Check
Ethereum remains close to $1,700 after a modest daily uptick. Binance Coin reclaimed $600 following a roughly 1.25% rise. XRP stands above $0.17 after a 2% increase, and some analysts continue to express confidence that XRP could see significant gains in the long term, citing higher price targets.
Among the majors, Zcash posted the largest daily percentage gain, jumping about 7.5% to $470. Worldcoin (WLD) was the top gainer among the largest 100 altcoins, surging roughly 9.5% to over $0.50. Cardano suffered a sharp fall during last week’s market-wide downturn and after its founder announced a pause, but ADA has since recovered more than 4% to trade near $0.17.
The combined market capitalization of all cryptocurrencies has been relatively flat, sitting just under $2.26 trillion on CoinGecko.