Bitcoin has reclaimed the $64,800 level for the first time in over a week, marking a 10-day high as the market reacts to geopolitical developments. The surge comes after a promise from Donald Trump regarding a potential deal with Iran. Meanwhile, the altcoin Humanity (H) has entered the top 100 altcoins by market capitalization after an explosive 94% daily price increase.
Bitcoin’s price jumped to almost $64,800 for the first time since June 4. The move occurred over several hours after former President Donald Trump promised that a permanent deal with Iran would be signed.
The primary cryptocurrency had recently plummeted to a 19-month low of $59,100 earlier this month. It has since consolidated between $61,000 and $64,000 amid ongoing Middle East tensions.
However, the reports from Iran on the matter are the exact opposite, so a deal might not be announced today. Bitcoin’s market capitalization is now near $1.3 trillion, with its dominance over altcoins rising to 56.6%.
Most larger-cap altcoins saw modest gains, with BNB rising to $610 and SOL nearing $70. TAO experienced a more significant rally, rocketing by over 15%.
Pi Network‘s native token showed signs of recovery after a recent calamity. The token is now trading above $0.13, more than 10% above its recent all-time low.
The total cryptocurrency market cap added $20 billion in a day, reaching $2.280 trillion. This broader market growth accompanied the standout performance of Humanity (H), which surged by well over 90%.
