Perhaps driven by some excitement from Trump’s promise for a deal, bitcoin’s price jumped to almost $64,800 over the past several hours for the first time since June 4.
Most larger-cap alts are slightly in the green today, with BNB going up to $610, and SOL nearing $70. TAO has rocketed by over 15%.
BTC Sees 10-Day High
The primary cryptocurrency plummeted at the start of the month, going from over $73,000 to a 19-month low of $59,100 in just four to five days. After losing $14,000 in less than a week, the bulls finally reemerged and didn’t allow another breakdown.
Bitcoin found some support there and quickly reclaimed the $60,000 level. It spent the following week sideways between $61,000 and $64,000 as it bounced toward each boundary following some of the latest developments on the war front between the US, Iran, and all other Middle Eastern countries involved in the conflict.
Most recently, Trump promised yesterday that a permanent deal with Iran is scheduled to be signed today, on June 14. The reaction so far from BTC has been rather muted, as it jumped to $64,800 but has declined by a few hundred dollars. However, the reports from Iran on the matter are the exact opposite, so a deal might not be announced today.
For now, BTC’s market cap has neared $1.3 trillion, while its dominance over the altcoins is up to 56.6%.
BTCUSD June 14. Source: TradingView
PI Shows Resilience
Ethereum continues to sit close to $1,700, Binance Coin has risen to $610, while XRP is close to $1.15. Solana has neared $70, while TRX and DOGE are with minor gains. HYPE has tapped $60 after a 2% increase, and ZEC has added 3% of value to $427.
TAO has rocketed the most from the larger caps, while BEAT has dumped by 20% daily. Humanity (H) has found itself in the top 100 alts by market cap after skyrocketing by well over 90% daily.
Pi Network’s native token has finally shown some signs of revival after its recent calamity. The token plummeted to an all-time low last week of under $0.12, but now sits well above $0.13, trading more than 10% above its bottom.
The total crypto market cap has added another $20 billion daily and is up to $2.280 trillion on CG.
Cryptocurrency Market Overview June 14. Source: QuantifyCrypto
