Bitcoin recovered above $63,000 after finding support near $62,000, following a week of volatility. Meanwhile, several major altcoins, including SOL and HYPE, posted significant gains, with both assets reaching approximately $70.
Bitcoin’s price was rejected at $67,000 earlier this week amid intense selling pressure. The asset found support around $62,000 on Friday before rebounding above $63,000.
The cryptocurrency had jumped earlier in the week following geopolitical announcements. Its rally was halted, however, and it faced further volatility around a Federal Open Market Committee meeting.
The total cryptocurrency market capitalization increased by around $40 billion from a recent low. It now stands above $2.270 trillion according to available data.
Ethereum rose past $1,700 despite reported sell-offs by a prominent figure. BNB remains below $590, while XRP trades near $1.15.
SOL and HYPE saw similar percentage increases, both trading around the $70 level. ZEC also gained 4%, rising above $470.
Other assets experienced declines during the same period. Monero dipped by 4.4% to under $315, while WLD fell 4.7% to $0.60.
