Bitcoin Price Eyes $70K Again, Ethereum Flirts With $2K: Market Watch

XDC has skyrocketed the most today, followed by ICP and JUP. In contrast, AAVE has lost the most value.

Bitcoin’s price volatility continued in the past 24 hours as the asset slipped below $66,200 at one point, only to rebound and aim at $70,000 once again.

Most altcoins are slightly in the green as well on a daily scale, with ETH challenging $2,000 and BNB tapping $640. SOL is up by over 2% daily.

BTC Aims at $70K Again

It was last Thursday when bitcoin jumped to $70,000 for the first time in over a week, only to be halted and driven south hard. It remained around $68,000 by Friday when it suddenly dumped to under $65,000. Although it had rebounded to $66,000 by Saturday morning, it quickly plunged to $63,000 after the attacks in the Middle East began.

Instead of dumping further as the geopolitical tension began, BTC rebounded strongly to over $68,000 after reports emerged that Iran’s Supreme Leader was killed in the attacks. However, it couldn’t go any higher and dropped to $65,000 by Monday.

Then came an unexpected and rare hourly rally, in which the asset jumped to over $70,000 again in minutes. Another rejection followed, which pushed BTC down to $66,200. More volatility ensued, and the cryptocurrency now trades just under $70,000 again, but some analysts believe there’s a major obstacle in its way.

Its market cap has climbed to almost $1.4 trillion, while its dominance over the alts is up to 57% on CG.

ETH Challenges $2K

Most larger-cap alts have posted more modest gains than BTC in the past day. ETH has climbed to just over $2,000 as of press time, while BNB is up to $640 and remains above XRP in terms of market cap positioning. SOL and BCH are up by 2%, while DOGE, ADA, HYPE, and CC have lost somewhere between 1-3% daily.

AAVE has lost the most value from the larger-cap alts, dropping by 6% to $113. In contrast, XDC has rocketed by 9% and now trades at $0.035. ICP and JUP follow suit.

The cumulative market cap of all crypto assets has gained nearly $100 billion since yesterday’s low and is up to $2.440 trillion on CG.