MORPHO and ENA follow NEAR in terms of daily gains, while M is the lowest performer.
Bitcoin price exploded a few grand on Monday and hit a new multi-week high of just over $70,000, only to be rejected and driven south by $3,000.
Most of the larger alternatives experienced similar volatility but stopped and are now sitting at the same levels as yesterday. HYPE is among the few larger cap winners, while XMR is in the red.
BTC stopped at $70,000
The initial cryptocurrency’s highly volatile journey began on Saturday morning when the US and Israel attacked Iran with multiple strikes. BTC immediately fell from $67,000 to $63,000. Iran has retaliated against several nations in its region, but bitcoin has remained relatively untouched. Furthermore, it rose to just over $68,000 after reports emerged that Iran’s supreme leader had been killed in the attacks.
It fell further after the legacy financial markets opened, but managed to stay above $65,000. Then there was an unexpected rally that shook the bears. In less than an hour, bitcoin rose nearly five grand, from $65,200 to a multi-week peak of $70,150 (on Bistamp).
It came ahead of Trump’s speech on the situation in Iran, in which he claimed that the US was under full control but warned that the war could take weeks. BTC once again stopped at $70,000, as happened last week, and drove south to $68,500. A few minutes ago, it started to decline again and is now below $66,500.
Its market capitalization is down to $1.330 trillion, while its dominance over alts in CG is 56.4% high.
NEAR the rockets
Ethereum broke above $2,000 yesterday, only to be rejected at that level once again, and is now down to $1,950. BNB stopped above $650, while XRP fell from $1.45 to $1.35. On a daily basis, ADA, XMR, DOGE, HBAR, and XLM lost most of their value from their major highs, while HYPE rose about 5% to around $32.
NEAR showed significant gains, rising more than 15% to $1.37. MORPHO and ENA are next, while M is down 9%.
The total crypto market capitalization is down about $100 billion from yesterday’s peak, reaching $2.360 trillion in CG.
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