ETH Hits a 2-Month High Near $2K, Bitcoin Reclaims $65K: Market Watch
Bitcoin has reacted positively to the de-escalating war news from the weekend on Monday morning, jumping to over $65,000 for the first time since Friday.
Most larger-cap alts are in the green today as well, led by ETH. The altcoin leader touched $1,980 for the first time in almost two months before retreating slightly.
BTC Above $65K
The primary cryptocurrency rallied hard last week, going from under $64,000 to $67,000 within 36 hours to post a monthly peak. However, it couldnโt sustain this momentum and quickly started to lose value. It first dipped to $65,500 on Wednesday before another leg down brought it to under $65,000.
It rebounded on Friday to $65,750, where it was rejected and pushed south. The bears managed to drive it down by $2,000, where it finally found support and returned to $64,000 on Saturday. Then came the aforementioned de-escalation news in the Middle East. Trump halted the planned attacks against Iran after new talks resumed with Oman about the potential reopening of the Strait of Hormuz.
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