Bitcoin’s price volatility around and just under $60,000 continued at the end of the business week, but the asset has managed to climb above this level as of Saturday morning.
Most larger-cap alts are slightly in the green, with XRP trading above $1.05 and ETH standing close to $1,600. SOL has risen the most from this cohort.
BTC Fights for $60K
The business week began on the right foot for the primary cryptocurrency as the asset rebounded from the weekend slump to $62,500 and tapped $65,500 on Monday. However, that was a short-lived attempt for a more profound recovery as the bears were quick to intervene and halt all the progress.
In the following hours, the asset fell to $62,000. It bounced to $63,000, but the next leg down was even more painful. Bitcoin broke below $60,000 for the second time this month and tapped $59,000. After another dead-cat bounce to almost $62,000, the asset plunged even harder on Thursday, dumping to $58,000 for the first time since late 2024.
The latest leg down was strongly related to the adverse price moves observed from Strategy’s MSTR, which also marked a multi-year low of under $80. Nevertheless, BTC has managed to recover some ground from the aforementioned low and now stands at just over $60,000 despite the new attacks in the Middle East.
Its market capitalization has risen to $1.210 trillion on CG, while its dominance over the alts remains under 56%.
BTCUSD June 27. Source: TradingView
SOL, AAVE Pump
Ethereum continues to climb gradually after the recent low of $1,510 and now trades close to $1,600 following a minor daily increase. XRP has reclaimed the $1.05 support after a 2% jump since yesterday. Solana’s SOL has gained the most from the larger-cap alts today and sits above $72.
Even more impressive gains come from AAVE, AVAX, and MORPHO. Aave’s token has risen by double digits and sits above $95, while AVAX is north of $6.6. MORPHO has neared $1.80 following a 7% jump.
In contrast, MemeCore continues to drop, losing another 20% of value and struggling below $0.70 as of now.
The total crypto market cap has recovered over $80 billion since the Thursday low and is up to $2.170 trillion.
Cryptocurrency Daily Overview June 27. Source: QuantifyCrypto
