Bitcoin climbed toward $65,000 on Sunday after recovering from a dip to $63,700 the previous day, though it remains below that key level. Among larger-cap altcoins, ZEC led weekly gains with a 9% rise to $560, while LTC, ONDO, and CRO also posted increases of up to 8%. In contrast, HYPE dropped more than 9% but held the $60 support. The total crypto market capitalization added approximately $60 billion over the week, reaching over $2.270 trillion, as Bitcoin’s dominance surged above 57%.
Bitcoin continued its gradual weekend climb and neared $65,000 after bouncing from $63,700 yesterday. Most larger-cap alts remained still over the past 24 hours, prompting a focus on weekly moves where ZEC, CRO, LTC, and ONDO stood out.
The previous weekend was sluggish but slightly positive for Bitcoin, as it stayed around $64,000 for 48 hours despite new attacks between the U.S. and Iran. The market priced in the skyrocketing tension on Monday morning with a painful dip to $61,800.
Softer-than-expected CPI numbers for June announced on Tuesday were well received by Bitcoin, which flew by several thousand dollars to $65,600 on Wednesday, its highest price in about three weeks. However, it could not maintain momentum and crashed toward $62,000 again on Thursday and Friday, though bulls intercepted the move and prevented another leg down.
Bitcoin recovered some ground to $64,000 yesterday and climbed to almost $65,000 earlier today, still below that level described as key for its short-term price performance. Bitcoin’s market capitalization rose to almost $1.3 trillion, while its dominance over altcoins rocketed to over 57%.
Ethereum jumped to almost $1,950 earlier this week and though it dropped by nearly $100 since, it remains 4.2% up since last Sunday. ZEC was the biggest gainer among larger caps, gaining 9% to $560, while LTC, ONDO, and CRO posted impressive increases of up to 8% in the case of Crypto.com’s native token.
In contrast, HYPE plunged more than 9% but defended the $60 support and now sits inches above it. BCH, CC, TAO, and AAVE marked significant losses since last Sunday as well.
The total crypto market cap increased by approximately $60 billion since this time a week ago and now sits above $2.270 trillion.
