The crypto market has seen a fresh wave of recovery over the past few hours, fueled by positive geopolitical developments.
Bitcoin's price surged to over $64,000, while a budding altcoin stole the spotlight with a daily gain exceeding 80%.
Bitcoin price keeps recovering:
After a week of violent volatility and strong sell pressure, Bitcoin managed to reclaim a significant portion of its losses.
Bitcoin began the week near $73K before facing a series of consecutive declines that pushed it below several key support levels, reaching $59,100, its lowest level in nearly two years.
With the risk appetite improving and some optimism returning to the market, Bitcoin managed to gradually recover, rising from $62K to over $64K in a short period before facing some profit-taking.
This move is likely supported by new statements from U.S. President Donald Trump, hinting at the possibility of announcing a peace deal with Iran in the coming days, which positively impacted financial markets and high-risk assets.
The market cap of Bitcoin rose to around $1.27 trillion, while its dominance in the market strengthened to over 56%.
BEAT is taking center stage:
Despite Bitcoin's remarkable recovery, all eyes were on Audiera (BEAT), which recorded an extraordinary jump of about 80% in just 24 hours.
The coin's price rose to about $4.30, significantly advancing its position among the largest cryptocurrencies by market cap.
Other coins also recorded strong gains, notably:
SIREN surged over 30%.
NEAR saw gains of around 13%.
DeXe (DEXE) saw an increase of nearly 11%.
Major coins are moving quietly.
In contrast, the movements of major cryptocurrencies were more subdued compared to smaller coins.
Ethereum surged to around $1660, while BNB stabilized near $600.
Solana maintained its trading above $66, while HYPE managed to reclaim the $60 level after a daily gain of about 3%.
Meanwhile, ZEC continued its strong recovery, up about 6% to surpass the $425 mark.
The recent bullish wave contributed to adding about $20 billion to the total market value of cryptocurrencies in a single day.
Thus, the total market cap rose to around $2.26 trillion, with investors watching closely to see if this recovery will continue in the coming days or if it's just a temporary bounce after the recent heavy sell-off.
#BitcoinEndsSevenDayLossStreakAbove$63K
#KOSPISuffersLargestDropSinceMarch