Bitcoin surpassed $67,000 for the first time in two weeks, fueled by geopolitical developments. The broader cryptocurrency market also rose, with notable gains from altcoins such as HYPE, XLM, and UNI.
Bitcoin’s recovery continued as the asset exceeded $67,000 before being stopped. This movement followed former U.S. President Donald Trump’s weekend statement about a potential deal with Iran.
The asset had previously traded sideways between $61,000 and $64,000 after falling below $60,000 earlier in June. However, there were new attacks from Israel on the following day against Lebanon, which put further doubt on the already fragile situation.
Nevertheless, the POTUS announced a deal with Iran, which sent BTC higher immediately. Bitcoin now trades above $66,000, with a market capitalization of $1.330 trillion.
Most altcoins followed the green wave, including Ethereum, which tapped $1,850. Ripple’s XRP also charted notable gains, surging to nearly $1.30 amid improved sentiment.
Hyperliquid’s native token HYPE has stolen the show again by surging past $70 after another double-digit pump. XLM and UNI have risen by over 12% each as well.
In contrast, TON and TAO have dropped by over 5%. The total crypto market cap is up by another $25 billion in a day to over $2.350 trillion on CoinGecko.
