Bitcoin’s price dropped to around $74,000 on Saturday, but it bounced back to $77,000 yesterday and appears to be holding steady at that price.
This action comes after President Trump spoke about the situation in Iran and the possibility of lasting peace. However, the market appears to view it simply as a continuation of the existing truce.
Bitcoin Price Stable at $77,000, Important Week Ahead
As we mentioned earlier, cryptocurrency markets haven’t seen much change in the last 24 hours. They did experience a slight increase over the weekend after the US President suggested a deal with Iran was close to being finalized.
Analysts also hinted that the ceasefire is likely to be extended for another 60 days.
The Kobeissi Letter reports that it seems like there’s been more movement towards extending the ceasefire in Iran for another 60 days.
Despite markets being closed for Memorial Day, Bitcoin is currently holding steady, trading just above $77,000.
However, the week ahead holds important economic events, namely:
- Consumer confidence data for May – on Tuesday
- April’s PCE inflation data – on Thursday
- US Q1 2026 GDP data – on Thursday
Spot Bitcoin ETFs experienced significant outflows between May 18th and 22nd, losing over $1.2 billion. Ethereum ETFs also saw declines, but other crypto funds focused on assets like SOL, XRP, and HYPE actually grew in value during the same period.
Altcoins Flat, HYPE Rally Cools Off
Most altcoins haven’t seen much price movement in the last day, particularly the larger ones. Ethereum’s price is about the same as yesterday, while Binance Coin is up slightly (0.5%) and Tron has risen a bit (0.3%). Ripple, Solana, Dogecoin, and Cardano are all down around 0.3%.
HYPE, which was a top performer last week with a jump of over 40%, is now showing signs of cooling off. However, it remains a strong project and is currently ranked as the 11th largest in the cryptocurrency market based on its total value.
Over the last 24 hours, DEXE saw the biggest gains, rising 20%, followed by STABLE with a 15% increase, and XDC Network (XDC) which went up 9.6%. However, Uniswap’s UNI experienced the largest drop, falling 2.7% and becoming the worst-performing altcoin of the day. Kaspa and Sui also saw declines.
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2026-05-25 12:47