Bitcoin surged past $65K and Ethereum reached a two-month high near $2K as geopolitical de-escalation boosted risk appetite, lifting total crypto market cap to $2.31 trillion.
Macro & Markets ·
Bitcoin moved above $65,000 on Monday morning following de-escalation news from the Middle East, after trading below that level earlier in the week. The rebound pushed Bitcoin's market capitalization back to $1.3 trillion. Ethereum led the broader altcoin movement, reaching $1,980 for the first time in nearly two months, while AAVE, ONDO, UNI, and LINK posted notable gains.
The cryptocurrency market capitalization expanded by roughly $30 billion to $2.310 trillion. Risk appetite appeared to strengthen as traders repriced assets in response to reduced geopolitical tension, though Bitcoin's bounce initially faced resistance above $65,600 before settling higher.
Bitcoin's ability to sustain levels above $65,000 and the continued strength in altcoins remain subject to broader sentiment shifts. The degree to which geopolitical de-escalation will anchor price recovery, and whether altcoin momentum can persist independently of Bitcoin's direction, remain uncertain.