The Bitcoin (BTC) is trading at US$ 63.971,00, up nearly 2% in the last 24 hours. The largest cryptocurrency on the market recovered part of the losses recorded at the end of the week and resumed trading close to the resistance at US$ 64.000, while investors monitor the evolution of the macroeconomic scenario and the performance of the main cryptocurrencies.
After a week marked by strong fluctuations, Bitcoin once again showed strength by finding support in the US$ 62.400 region. Buyers reacted quickly and pushed the price back near US$ 64.400, easing much of the selling pressure seen in recent sessions.
The beginning of the week was more challenging for BTC. After remaining close to US$ 64.000 during the previous weekend, the cryptocurrency lost strength and fell below US$ 62.000. The move came amid growing investor concerns over the recent attacks in the Middle East, which increased the search for assets considered more conservative.
Even amid this more cautious environment, the market also turned its attention to U.S. economic indicators. One of the main events was the release of the Consumer Price Index (CPI), closely watched by investors due to the impact it may have on future decisions by the Federal Reserve.
The data showed annual inflation of 3,5%, below the expectations of part of the market, which projected figures between 3,8% and 3,9%. The result increased investor optimism and encouraged the purchase of risk assets, leading Bitcoin to post a strong recovery.
On Wednesday, the cryptocurrency reached approximately US$ 65.500, renewing its highest price of the last three weeks. However, the level once again acted as resistance, triggering profit-taking that again pressured the price in the following sessions.
The decline recorded on Friday, however, was limited in duration. As soon as BTC returned to the US$ 62.400 range, buyers increased demand and prevented a more intense downward move. Since then, the asset has recovered ground and continues trading near US$ 64.000, a range considered important for defining the direction of the coming days.
Meanwhile, Bitcoin's market capitalization remains above US$ 1,28 trillion, while its share of the total cryptocurrency market value remains close to 56.5%, showing that BTC continues to concentrate a large part of the sector's investments.
Among the main cryptocurrencies, movements were more moderate. Ethereum (ETH) posted a slight increase, as did XRP, Solana (SOL), Dogecoin (DOGE), Zcash (ZEC) and Stellar (XLM). In contrast, BNB, TRON (TRX) and RAIN posted small declines over the last 24 hours.
The main highlight among the higher-cap assets was Cardano (ADA). The token accumulated a gain of more than 4,5%, trading above US$ 0,165, leading the gains among the largest cryptocurrencies in the market.
Another cryptocurrency that continued drawing attention was Cronos (CRO). The asset advanced more than 5%, extending the appreciation that began after the announcement of an investment of US$ 400 million in the exchange responsible for the development of the ecosystem.
The Pi Network (PI) also remained among the most volatile assets. After hitting new all-time lows during the last week, the token rebounded after finding support near US$ 0,07. Since then, it has accumulated a daily appreciation of about 8%, trading again above US$ 0,08.
In the broader market, the positive performance of Bitcoin and several altcoins helped raise the total capitalization of cryptocurrencies by approximately US$ 30 billion over the last 24 hours. As a result, the combined value of the sector once again exceeded US$ 2.27 trillion, while investors continue monitoring the next economic indicators and the technical levels of the main cryptocurrencies.