Bitcoin and Ethereum consolidate near key resistance levels amid US-Iran geopolitical tensions, with total crypto market cap at $2.26 trillion.
Macro & Markets ·
Bitcoin oscillated near $64,000 as fresh US-Iran military exchanges intensified market tension, with the asset's market capitalization holding at $1.280 trillion and dominance over altcoins at 56.8%. According to reports, price action reflected repeated rejections at higher levels and recoveries, including a mid-week dip to $61,600 following geopolitical developments before a rebound to around $64,700. Ethereum remained locked in a struggle with the $1,800 resistance level, described as critical by analysts.
Among altcoins, DEXE demonstrated the strongest performance, surging over 17% to $43, while ZEC and RAIN posted modest gains. Meanwhile, BEAT suffered a 20% decline after a previous rally. The total cryptocurrency market capitalization stood near $2.260 trillion following a slight daily pullback, with most larger-cap alternatives trading sideways or modestly lower.
Traders anticipated elevated volatility as legacy financial markets prepared to reopen, given the potential for additional geopolitical escalation and the established pattern of sharp swings tied to both macro developments and significant asset movements within the crypto space itself.