Bitcoin’s price recovery attempts drove the asset to just over $64,000 yesterday, but it was stopped there and now trades about a grand lower.
Most larger-cap alts are slightly in the green today, with ETH inching closer to $1,700 and BNB reclaiming the $600 level. XRP is up by 2%, the most from the top 10 alts.
BTC Back to $63K
The primary cryptocurrency went through a dark week at the start of June. It entered the new month at $73,000 but quickly collapsed below $70,000 and kept plunging to multi-year lows. This became possible after several consecutive major support levels gave in, including $65,000 and eventually $60,000.
The latter was breached on Friday after a whole week of intense selling pressure. BTC dipped below it for the first time since late 2024, and bottomed at $59,100. However, the bulls were quick to intervene and help the asset reclaim the $60,000 zone immediately.
It jumped to $61,000 and $63,000 over the weekend. Monday began with a quick spike to $64,200 after some promises from Trump about a permanent peace deal with Iran, but it was halted there. Its subsequent attempts to overcome that level failed during the day, and bitcoin now trades at around $63,000.
Its market capitalization has stabilized at $1.265 trillion on CG, while its dominance has slipped slightly to 56.1%.
BTCUSD June 9. Source: TradingView
XRP Keeps Recovery In Check
Ethereum continues to trade close to $1,700 after another minor daily increase. Binance Coin has reclaimed the $600 level after a 1.25% jump. XRP is well above $0.17 after a 2% increase, and analysts remain confident that its big rally is ahead, with some major price targets of up to $27.
ZEC has added the most value daily from this cohort of assets, surging by 7.5% to $470. WLD is the top gainer out of the largest 100 alts, soaring by 9.5% to over $0.50. ADA experienced a painful crash during the market-wide massacre last week and Hoskinson’s decision to take a break, but it’s up by over 4% now to $0.17.
The cumulative market capitalization of all cryptocurrency assets has remained sideways at just under $2.560 trillion on CG.
Cryptocurrency Market Overview June 9. Source: QuantifyCrypto
