Bitcoin’s price attempted to break above $64,000 but was stopped, leaving it trading near that level. Most major altcoins saw minor gains, with Cardano (ADA) and Hype (HYPE) both up around 3%. Monero (XMR) was the notable exception, plunging over 12% in the past 24 hours to erase its weekly gains.
The primary cryptocurrency’s recovery attempt from a 19-month low of $59,100 was halted by external factors. Bitcoin was impacted by new attacks in the US-Iran war front and the highest May CPI numbers in years.
Bitcoin dipped below $61,000 multiple times during the week before defending that level. It surged to almost $64,500 yesterday before bears intervened, leaving it just under $64,000.
Bitcoin’s market capitalization has climbed to almost $1.280 trillion. Its dominance over alternative cryptocurrencies has increased further to 56.4%.
Most larger-cap altcoins have posted minor gains over the past day. Ethereum continues to inch closer to $1,700 after another small increase.
BNB, XRP, and TRX have marked similar increases of under 1%. DOGE and SOL are up by 1.6%-1.7%, while HYPE has jumped by more than 3%.
In contrast, XMR has erased all its gains from earlier this week. The privacy-focused coin dropped by more than 12% to $340.
NEAR and ZEC are also slightly in the red. BEAT, TAO, and ICP have marked substantial gains of up to 11%.
The total cryptocurrency market capitalization has remained near $2.270 trillion. Market data shows a mixed performance across the sector.
