Bitcoin recovered to approximately $68,000 following volatility triggered by U.S. tariff developments. The broader cryptocurrency market saw modest gains, with notable surges from Ethereum Classic, Near Protocol, and others.
Bitcoin’s price stabilized around $68,000 after experiencing a sharp dip and rapid recovery. This volatility followed U.S. Supreme Court rulings and subsequent tariff announcements from the White House.
The asset had previously defended the $65,000 support level last weekend. It then rallied to nearly $71,000 before declining again during the business week.
Most larger-cap altcoins posted minor gains for the day. Assets like Ethereum and XRP saw increases of under 1%.
Standout performers included Polkadot, Uniswap, and Near Protocol. Among these, Near Protocol‘s token led with gains of up to 8%.
Ethereum Classic posted the most significant surge, rocketing 16% to $9.70. Other notable gainers included Filecoin and Arbitrum.
Bitcoin’s market capitalization climbed above $1.36 trillion. Its dominance over altcoins stood close to 56.5% according to data from CoinGecko.
The total cryptocurrency market cap reclaimed the $2.4 trillion mark. It was reported at $2.415 trillion at the time of writing.
