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Altcoins Keep Steady as Bitcoin (BTC) Defends $64K Level: Market Watch

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Bitcoin experienced some volatility on Sunday evening after the unsuccessful conclusion of the peace talks in Switzerland, but it rebounded from $63,300 and was stopped at $64,800.

Most larger-cap altcoins have remained stable as well, with ETH closing at $1,750 and SOL aiming at $75.

BTC Back at $64K

It was a week ago when US President Donald Trump said his country and Iran had reached a deal that was supposed to be signed by June 19. Bitcoin rocketed on the news, going from under $64,000 to over $67,000 within a day. However, it couldn’t maintain its run and dipped to its starting point ahead of the latest FOMC meeting.

Before and after the Fed’s expected announcement of keeping the rates unchanged, the cryptocurrency went to $66,400 before it plunged by four grand, especially since the new Chairman of the central bank remained hawkish.

The bulls finally intervened at this point and helped BTC recover some ground. The asset climbed to $63,000-$64,000 over the weekend and remained there for the most part aside from a brief deviation to $63,200 and $64,800. That came after the new threats from Trump against Iran and the conclusion of the meeting between the two sides in Switzerland.

Nevertheless, BTC has returned to $64,000 as of press time. Its market cap is at $1.285 trillion, while its dominance over the alts is still at 56.2% on CG.

BTCUSD June 22. Source: TradingView
BTCUSD June 22. Source: TradingView

Alts Stable Too

Most larger-cap alts have produced little to no volatility in the past 24 hours. Ethereum is slightly in the green and sits close to $1,750. Binance Coin remains close to $600 after a minor increase. XRP is still below $1.15, while SOL has neared $75 after a 1.2% increase.

HYPE is down by 2% daily, while ZEC and CC have lost around 3% of value. In contrast, WLD has gained 6.5% in the past 24 hours and sits close to $0.65. Other notable gainers over the past day include VVV (8%), ADI (3.2%), and M (3%).

The cumulative market cap of all crypto assets has remained at essentially the same level as yesterday at $2.290 trillion.

Cryptocurrency Market Overview June 22. Source: QuantifyCrypto
Cryptocurrency Market Overview June 22. Source: QuantifyCrypto

 

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