Bitcoin‘s price recovered some ground in the last 24 hours, following a week where it lost around $8,000 in value. This improvement came as tensions between the US and Iran appeared to ease.
I’m seeing a nice bounce back in the crypto market today. Pretty much all the altcoins are going up, and that’s pushed the total market value over $80 billion again after it dipped yesterday. It’s good to see things recovering!
BTC Jumps Toward $77K
The leading cryptocurrency has significantly dropped in price over the last ten days due to several reasons, including outflows from exchange-traded funds, investors selling their holdings, and increased global political instability. It fell below $78,000 last weekend and continued to decrease, reaching $76,000 a few days later.
Bitcoin’s price fell sharply on Friday and Saturday, dropping to just over $74,000 after attempts to recover earlier in the week failed around $78,000. This was its lowest point in May, and followed renewed warnings from Donald Trump regarding Iran.
Despite ongoing challenges, negotiators made real headway toward a lasting peace agreement, as confirmed by the President. This news caused an immediate jump in Bitcoin’s price, briefly pushing it above $77,200 earlier today. While it has since retreated slightly, Bitcoin is still trading just below $77,000, and its total market value has climbed back to $1.54 trillion, according to CoinGecko.
Its dominance over the alts has also remained above 58% after a brief dip yesterday.
HYPE New ATH
HYPE has consistently outperformed other assets in recent weeks, with a small dip to $55 yesterday being the only exception. Today, it reached a new record high, surpassing $63, continuing its strong upward trend.
As I’ve been tracking the market, Ethereum has shown resilience, successfully defending the $2,000 mark and now trading above $2,100 after a solid 4.5% increase today. Beyond Ethereum, I’m also seeing positive movement with BNB recovering to $660 and XRP breaking through the $1.35 resistance level. Solana (SOL) is up to $87, and Zcash (ZEC) has returned to $645. Generally, I’m observing gains across a wider range of cryptocurrencies, including Compound (CC), Stellar (XLM), Sui (SUI), Avalanche (AVAX), and Tao (TAO), among others.
Even more substantial double-digit increases come from WLD, NEAR, MORPHO, ONDO, and QNT.
As a researcher tracking the cryptocurrency market, I’ve observed a significant rebound today. The total market capitalization has increased by over $80 billion since yesterday’s lowest point, now reaching $2.65 trillion, according to CoinGecko.
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2026-05-24 12:52