Federal Reserve (Fed) Chair Jerome Powell's remarks on interest rates caused significant volatility in Bitcoin prices for a day.
Altcoins rebounded from yesterday's decline, with Solana surpassing $130 and Ethereum touching $1,600 again.
Bitcoin, which had fallen below $80,000 several times last week, did not drop below that level after Thursday. It continued its upward trend after recovering to $80,000 on Friday.
It continued rising over the weekend and Monday, reaching as high as $86,000. However, it immediately faced resistance and dropped to $83,000. It then reversed and rebounded by over $3,000, reaching a two-week high of $86,500 before falling back to $83,000.
On Wednesday, it recovered to $85,500, but then sharply dropped by over $2,000 due to Powell's hawkish remarks on tariff impacts and central bank policies.
Currently, Bitcoin is trading around $84,000 and faced resistance at $85,000. According to CoinGecko, its market capitalization reached $1.675 trillion, approaching 61% market share compared to altcoins.
Among major altcoins, Solana showed the best performance, rising by 7%. In the mid-cap segment, HYPE approached $16.5, rising nearly 10%.
RNDR, BCH, TON also showed an upward trend, followed by Ethereum, XRP, Binance Coin, Dogecoin, Avalanche, and Chainlink. In contrast, TRON experienced the largest decline among major altcoins, falling 4%.
According to CoinGecko, the total cryptocurrency market capitalization increased by over $30 billion from the previous day, reaching $2.75 trillion.
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