Bitcoin displayed volatility amidst geopolitical events between Israel and Iran, yet prices remain stable at present. Altcoins have also started to recover after recent declines.
Bitcoin Stability Amid Attacks
Bitcoin started the week positively, climbing over $110,000 on Monday. However, following geopolitical escalation due to Israel's attack on Iran, the cryptocurrency's price fell below $103,000. Nevertheless, Bitcoin managed to recover and is currently trading above $105,000.
Altcoin Market Rebounds
After a week of decline, many altcoins have begun to show positive dynamics. Ethereum has regained above $2,500, while Ripple's token holds the $2.15 support level. One of the major favorites is HYPE, which rose nearly 8% and neared its all-time high.
Overall Cryptocurrency Market Dynamics
The total cryptocurrency market capitalization has recovered by $60 billion, reaching $3.4 trillion. Bitcoin's dominance among altcoins is at 61.5%, indicating its significant influence on the market.
Despite the current global tensions, Bitcoin and altcoins exhibit signs of resilience. Positive price changes in altcoins may signal a market recovery after recent declines.
