BTC Remains Stable Despite Rising US-Iran Tensions

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M continues to drop hard, while VELVET has entered the top 100 alts after a 30%+ surge today.

Bitcoin’s price has remained relatively stable at around $60,000 over the weekend despite the new attacks in the Middle East and the broken ceasefire.

Most altcoins have marked minor losses on a 24-hour scale, while ZEC has dropped the most from the larger caps. AAVE has also slipped below $90 after a massive correction today.

BTC Stagnant Around $60K
The primary cryptocurrency has a strong start to the business week by surging to $65,500 after it had recovered the $64,000 support over the weekend. However, that was short-lived, and the next several days were extremely painful. At first, the bears drove it south to under $62,400, before the next two leg downs brought multi-year lows.

The cryptocurrency plummeted on Wednesday to $59,000 as the FUD around Strategy kept increasing. After a dead-cat bounce to $62,000 on Thursday, BTC experienced another massive decline. This time, it plunged to $58,000, its lowest price since late 2024.

The bulls were finally able to reemerge at this point and didn’t allow another breakdown. Instead, BTC rebounded by a couple of grand and has remained at around $60,000 for most of the past 36 hours.

This calmness now is rather surprising, given what happened in the Middle East. The US and Iran started exchanging blows and blaming each other for breaking the ceasefire.

Bitcoin’s market capitalization stands above $1.2 trillion on CG, while its dominance over the alts has neared 56% once again.

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