The Bitcoin today was once again traded below US$ 60 thousand after a failed attempt to recover this important price level. The largest cryptocurrency in the market even returned to the US$ 60 thousand range over the weekend, driven by the easing of tensions between the United States and Iran, but lost momentum in the last few hours. At the time of publication of this news article, BTC is trading near US$ 59.327,51, with a drop of almost 1% in the last 24 hours.
The temporary recovery renewed expectations that the asset could once again consolidate the US$ 60 thousand region as support. However, selling pressure once again prevailed and prevented the upward movement from continuing, taking bitcoin back below this psychological level.
The last week was marked by strong volatility. Bitcoin started the period on the rise and reached US$ 65.500, fueling optimism among investors. The advance, however, quickly lost momentum, giving way to a series of sell-offs that erased practically all of the gains recorded in the first days of the week.
After falling to approximately US$ 62.400, BTC suffered further liquidations and broke the US$ 59 thousand support. It then managed a recovery to the region of US$ 62 thousand, but encountered strong resistance. Selling pressure continued to increase until it pushed the cryptocurrency close to US$ 58 thousand, the lowest level since before the United States presidential election in 2024.
Over the weekend, buyers returned to the market and drove a recovery to the US$ 60 thousand. The improvement in sentiment was supported by signs of easing geopolitical tensions between the United States and Iran. Despite this, the move quickly lost strength, and bitcoin was once again traded below this level, showing that sellers continue to defend the US$ 60 thousand zone.
Even with the pullback, Bitcoin's market capitalization remains close to US$ 1,2 trillion, while its share of the cryptocurrency market remains close to 56%, indicating that much of the capital remains concentrated in the leading cryptocurrency.
Among the largest altcoins, performance remains mixed. Ethereum remains close to US$ 1.600, recording little fluctuation in the last 24 hours. Solana stands out among the top gainers, with an increase of more than 2%, trading near US$ 73. Bitcoin Cash (BCH) is also posting gains of over 2%, approaching US$ 197.
The Pi Network was also among the most watched assets after the celebration of Pi2Day, held on June 28. Although the project team announced new features for the ecosystem, the market reaction was negative. The token fell about 5%, trading below US$ 0,12 before trimming part of the losses.
Other cryptocurrencies posted weaker performance throughout the day. The tokens CC and WLD are accumulating losses exceeding 4%, while LAB leads the declines among lower-cap assets, with a depreciation of close to 19%. BEAT is down about 11%, M loses approximately 7,5%, and MemeCore has posted a decline of nearly 80% over the past week.
In the opposite direction, BinanceLife leads the gains with an appreciation of approximately 37%, followed by VELVET, which advances about 12%. Even with Bitcoin's difficulty in reclaiming the US$ 60 mil region, the total cryptocurrency market capitalization remains above US$ 2,15 trilhões.