Bitcoin (BTC) moved back above $70,000 on March 24 after another sharp swing tied to the latest developments around the US-Iran conflict.
Summary
- Bitcoin reclaimed $70,000 after sharp volatility linked to fresh developments around the US-Iran conflict.
- Ether, Solana, TAO, FET, and APT posted strong gains as altcoin momentum returned.
- The total crypto market added nearly $100 billion while SIREN dropped sharply from highs.
Meanwhile, the rebound also lifted several major altcoins, with Ether, Solana, Aptos, Fetch.ai and Bittensor posting strong daily gains while the wider crypto market added to its value.
Bitcoin traded near $71,000 after briefly dropping below $68,000 and then rising toward $72,000 during the latest session. CoinGecko data showed Bitcoin dominance at 56.7%, while the total crypto market cap stood near $2.51 trillion.
The moves came as markets reacted to mixed signals on the US-Iran situation. President Donald Trump said there had been productive talks, but Iranian officials denied that negotiations had taken place, which kept risk assets volatile across global markets.
Ether and Solana lead large-cap altcoin gains
Ether outperformed Bitcoin over the past 24 hours and traded above $2,150 as buying returned to large-cap tokens. Solana also moved above $90, joining a wider relief rally across the altcoin market.
The broader market move suggested traders were rotating back into higher-risk crypto assets after Bitcoin stabilized above the $70,000 level. The rise in Ether also pushed Ethereum’s market share to 10.4% of the total crypto market, based on CoinGecko data.
FET, APT and TAO post double-digit gains
Among the stronger movers, Bittensor traded above $300 after a double-digit daily rise. Aptos and Fetch.ai also recorded gains of more than 10% during the session, while other altcoins such as Render and LayerZero also moved higher.
These gains came as traders looked beyond Bitcoin and moved into AI-linked and infrastructure-related tokens. CoinGecko’s market pages also showed Bittensor and Siren among the more active names during the day’s rebound.
Not every token joined the rally. Siren dropped sharply from its recent all-time high and traded near $1.04 after a steep pullback.
The uneven price action showed that traders were still taking profits quickly in smaller tokens even as the wider market recovered. For now, Bitcoin’s hold above $70,000 remains central to whether altcoins can extend the current move.
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