Bitcoin (BTC) rose back to around $71,000 on March 25 after falling below $69,000 a day earlier, as traders reacted to fresh uncertainty linked to the Middle East conflict.ย
Summary
- Bitcoin rebounded to $71,000 after renewed conflict reports pushed prices below $69,000, unsettling broader markets.
- XLM and HYPE outperformed major tokens, while Ethereum, BNB, XRP, and Solana recorded smaller gains.
- SIREN rebounded above $2 after a sharp plunge, extending volatility and drawing fresh community scrutiny.
The recovery added to a mixed market session in which most large-cap altcoins posted limited daily moves. The broader crypto market also moved higher. Total market capitalization added about $20 billion in one day and approached $2.53 trillion, while Bitcoinโs market share held near 56.5%.
Bitcoin faced pressure over the past week after it failed to hold the $76,000 level. The pullback pushed the asset down to $69,000 last Thursday, with market sentiment turning cautious after the Federal Reserve kept interest rates unchanged and geopolitical tension increased.
The asset later bounced to $71,000 over the weekend, but another wave of selling followed after Donald Trump made statements about Iran. Bitcoin then fell back to $69,000 on Tuesday before recovering again to around $71,000 at press time.
The latest price swings came as traders responded to reports tied to the Middle East conflict. Trump said he would โpause all military actions against Iranโs power plantsโ and claimed both sides had reached a โdeal.โ
Iranian officials rejected those claims, which added more uncertainty to the market. Bitcoin briefly moved higher after Trumpโs remarks, then lost momentum after the denial and the release of more disputed reports from the war front.
Altcoins Post Mixed Daily Performance
Most major altcoins traded in a narrow range during the session. Ethereum moved close to $2,200 after a small daily gain, while BNB neared $650. XRP held the $1.40 support level, and Solana climbed back above $90.
Among the larger-cap assets, Stellar posted one of the strongest gains. XLM rose about 8% to $0.18, while HYPE advanced more than 6% and traded above $40.
SIREN remained one of the most active tokens in the market. The AI-linked asset had surged to a record high of $3.65 after several triple-digit moves, then dropped by more than 70% before rebounding again.
At press time, SIREN traded near $2.20 after gaining more than 100% in one day. The move came as community members continued to question the tokenโs purpose and wallet concentration.
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