Bitcoin is struggling to hold above $64,000 as fresh US strikes on Iran inject renewed geopolitical uncertainty into the markets. The largest cryptocurrency dipped to $63,600 after the latest attacks in the Middle East, following a brief pump to $64,700 on Friday. Ethereum continues to battle the critical $1,800 resistance level, while most altcoins trade sideways with slight losses.
Bitcoin Wobbles Under Geopolitical Pressure
Over the past 24 hours, Bitcoin experienced minor volatility as the US and Iran exchanged a new wave of attacks, breaking a previous ceasefire. The asset briefly rallied to $64,700 on Friday but quickly retreated to $63,600 after the latest escalation. It now trades near $64,000, with traders bracing for further swings when legacy financial markets open later tonight or Monday.
Earlier in the week, Bitcoin had recovered from a dip to $61,200 triggered by Michael Saylor's Strategy announcing its largest BTC sale to date. Unlike previous such sales, the price rebounded almost immediately, climbing to $64,600 before being rejected again. The ongoing conflict has kept the asset range-bound, with the $64,000–$64,700 zone acting as stiff resistance.
Bitcoin's market capitalization stands at $1.280 trillion, and its dominance over altcoins has risen to 56.8% on CoinGecko. Analysts warn that more volatility is likely as geopolitical tensions persist.
Altcoins Mixed; DEXE Surges, BEAT Dumps
Ethereum remains locked in a battle with the $1,800 resistance, a level many analysts consider critical for its next move. XRP, SOL, DOGE, XLM, ADA, and BNB are all slightly in the red over the past day. TRX, HYPE, and XMR posted minor gains.
Among the top movers, ZEC added 5% to trade at $525, while RAIN climbed 3% to near $0.015. UNI rose to $3.65 after a similar increase. DEXE stole the spotlight with a 17% surge to $43, leading the double-digit gainers alongside APX and HASH. On the downside, BEAT plummeted 20% after yesterday's rally.
The total cryptocurrency market cap remains near $2.260 trillion on CoinGecko, reflecting a slight daily retreat. The broader market remains cautious as geopolitical developments continue to influence risk appetite.