Bitcoin climbed back near $62,000 after falling to lows last week. The recovery came as optimism grew over Federal Reserve policy. Ethereum and other major altcoins also posted gains.
Bitcoin rebounded near $62,000 after recovering from last week's lows. The move was supported by optimism over Federal Reserve policy.
Ethereum and major altcoins also gained ground. Investors stayed cautious due to ongoing inflation concerns, geopolitical tensions, energy prices and mixed ETF investment flows.
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Bitcoin climbed back over $77,000 on Wednesday as traders weighed technical support levels against ongoing macroeconomic pressures. The move followed a five-day losing streak and lifted some altcoins alongside major crypto indexes. Analysts highlighted key resistance near $82,500 and stressed the need for renewed ETF inflows to sustain gains.
Bitcoin climbed to a two-month peak near $78,000, driven by easing geopolitical tensions and growing investor confidence. Ethereum and altcoins such as XRP and BNB also posted gains. Analysts highlight technical indicators suggesting potential for further upside to $84,000.
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Bitcoin stayed above 80,000 dollars on Friday while altcoins led gains across crypto markets. Coinbase shares recovered 10 percent from session lows after the exchange reported a quarterly loss.
Bitcoin slipped below $63,000 on Friday amid a broader selloff in risk assets, erasing earlier gains linked to an Iran deal that eased oil supply concerns.
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Bitcoin rose above $62,000 on June 10 after US inflation data came in line with expectations. The May Consumer Price Index rose 4.2% year over year, matching forecasts and marking the fastest pace in three years.