$Bitcoin
Bitcoin reacted well to the early June crash that drove it below $60,000 for the first time since late November 2024. The bulls intercepted the move and didn’t allow another breakdown beneath $59,000. Just the opposite; the asset started to recover ground somewhat rapidly, going to $64,000 at the start of the following business week.
The cryptocurrency spent the next several days trading sideways between $61,000 and $64,000 before the landscape on the US-Iran war front started to improve over the weekend. The POTUS promised a deal to be announced on Sunday, which faced some doubt from critics that was exacerbated once Israel carried out new attacks against Lebanon.
After condemning Israel’s actions, Trump indeed announced on Sunday evening that the US and Iran had reached an agreement, which is to be signed by the end of the current week. BTC reacted with an immediate price pump that drove it to $66,000 on Monday morning and $67,000 later that day. However, its progress was rejected there, and the asset has dropped by over two grand, currently struggling below $65,000.
Its market cap is down to $1.3 trillion on CG, while its dominance over the alts has taken a beating and has slipped to 56.2%.
Bitcoin reacted well to the early June crash that drove it below $60,000 for the first time since late November 2024. The bulls intercepted the move and didn’t allow another breakdown beneath $59,000. Just the opposite; the asset started to recover ground somewhat rapidly, going to $64,000 at the start of the following business week.
The cryptocurrency spent the next several days trading sideways between $61,000 and $64,000 before the landscape on the US-Iran war front started to improve over the weekend. The POTUS promised a deal to be announced on Sunday, which faced some doubt from critics that was exacerbated once Israel carried out new attacks against Lebanon.
After condemning Israel’s actions, Trump indeed announced on Sunday evening that the US and Iran had reached an agreement, which is to be signed by the end of the current week. BTC reacted with an immediate price pump that drove it to $66,000 on Monday morning and $67,000 later that day. However, its progress was rejected there, and the asset has dropped by over two grand, currently struggling below $65,000.
Its market cap is down to $1.3 trillion on CG, while its dominance over the alts has taken a beating and has slipped to 56.2%.