Bitcoin has risen to its highest level in seven weeks. Ether has also advanced past $1,900 for the first time in more than seven weeks.
The gains come as both major cryptocurrencies show signs of recovery in recent trading sessions.
Bitcoin remains down about 24 percent since the start of the year. Ether has fallen roughly 35 percent over the same period.
Market observers continue to monitor these assets closely given their high-risk profile and distinct underlying features.
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Bitcoin traded around $64200 on Monday, little changed for the day but up 3 percent for the week. Surging oil prices linked to U.S.-Iran strikes and a semiconductor selloff triggered by a new Chinese AI model weighed on the market.
Bitcoin rose above $63,000 on Saturday for the first time in two weeks, reversing losses from late June. The move came during thin trading on the July 4 holiday.
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Bitcoin rose above $64,000 on Friday, recovering weekly losses and approaching a key resistance level at $65,000. The move comes as technical indicators turn positive and Asian markets rally on AI demand.
Bitcoin climbed above $77,000 on Monday as a sharp decline in oil prices lifted Asian stock markets. The move followed weekend reports of progress toward reopening the Strait of Hormuz.
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Bitcoin rose above $66,000 on Tuesday, marking its highest level in more than a month amid renewed ETF inflows and reduced selling pressure on exchanges.