JUP and HYPE are among the top performers with double-digit gains in the last 24 hours.
The price of Bitcoin went through some extreme volatility on Saturday after the attacks on Iran and subsequent retaliation, but essentially returned to its starting point.
Many altcoins fell sharply yesterday, but followed BTC on the way up, with ETH trading close to $2,000 and XRP reclaiming fourth place by market cap from BNB.
BTC Low and High
The previous working week started off lower, with Bitcoin falling from $68,000 to just over $64,000 after the latest tariff developments. It fell further to a multi-week low of $62,500 on Tuesday before bottoming out sharply on Wednesday, hitting $70,000 for the first time in nearly eight days.
However, the rally looked doomed, at least according to many analysts, and BTC actually lost value almost immediately. The cryptocurrency dropped a few grand, but remained around $68,000 for the next few days. Saturday started with a bang (indeed for several countries in the Middle East) when the US and Israel attacked Iran for the first time, which was retaliated by Saudi Arabia, the UAE, Bahrain and Qatar.
BTC dropped from $67,000 to $63,000 within hours of the initial attacks. However, it rose to more than $68,000 a day later after reports that Iran’s top leader had been killed in the attacks. But it stopped there and is now below $67,000.
Its market capitalization has returned to 1.335 trillion dollars, while its dominance over alts is above 56%.
Restoring Alts
Most altcoins reacted well to yesterday’s crash. Ethereum returns to $2,000 after a 7.5% gain on the 24-hour scale. BNB is up to $622, but XRP has reclaimed the fourth spot by market cap after rising 8% to around $1.40.
SOL, DOGE, ADA and LINK are up 7-9%, while HYPE stole the show from the bigger range with a 15% gain to $31. JUP, NEAR and PUMP are other double gamers on the daily scale.
The total crypto market capitalization has recovered almost $100 billion in a day and is close to $2.4 trillion in CG.
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