Bitcoin (BTC) rebounded from a Sunday dip to $63,300 and is now trading back at $64,000, recovering after volatile weekend movements tied to geopolitical tensions. The largest cryptocurrency briefly touched $64,800 before settling, as peace talks between the US and Iran ended without a deal and new threats emerged. Most major altcoins have remained stable, with Ethereum (ETH) hovering near $1,750 and Solana (SOL) approaching $75.
BTC Defends Key Level After Weekend Swings
Bitcoin's price action over the past week has been driven by geopolitical and macroeconomic events. Last week, US President Donald Trump claimed a deal with Iran was imminent, sending BTC from under $64,000 to over $67,000 within a day. However, the rally faded ahead of the Federal Reserve's June meeting, where the central bank kept rates unchanged but struck a hawkish tone. BTC dropped to $66,400 before plunging $4,000 to a low near $62,000.
Bulls stepped in to support the asset, lifting it back to the $63,000-$64,000 range over the weekend. A brief spike to $64,800 followed renewed threats from Trump and the failed Switzerland talks, but BTC has since returned to $64,000. Its market capitalization stands at $1.285 trillion, with dominance over altcoins at 56.2% on CoinGecko.
Altcoins Steady, Some Tokens See Gains
Most larger-cap altcoins have shown little volatility in the past 24 hours. Ethereum is slightly in the green at $1,750, while Binance Coin (BNB) remains near $600 after a minor increase. XRP is still below $1.15, and Solana has neared $75 after a 1.2% gain. Among losers, HYPE dropped 2%, while ZEC and CC lost about 3% each. On the upside, Worldcoin (WLD) surged 6.5% to near $0.65, and other gainers include VVV (8%), ADI (3.2%), and M (3%). The total crypto market cap remains unchanged at $2.290 trillion.