Bitcoin settles near $78,000 after Middle East strikes and hawkish Fed remarks

  • Bitcoin settled near $78,000 after dipping below $77,000 Monday.
  • Uniswap surged 10% daily to a multi-month peak near $6.00.
  • Ethereum, XRP and BNB failed to recover recent losses Monday.

Bitcoin settled near $78,000 on Monday after sliding below $77,000 following renewed U.S.-Iran strikes in the Middle East, then rebounding toward $79,000 and trading in the middle of that range. The move followed last week’s volatility, when bitcoin briefly pushed above $81,000 after its strongest week of the year in mid-August before selling off after a hawkish Jackson Hole speech by new Fed Chair Kevin Warsh and dipping under $77,000 on Friday. Bitcoin’s market capitalization was about $1.560 trillion, with dominance just under 58%, while the total crypto market remained just over $2.7 trillion. Larger-cap altcoins largely failed to reclaim recent losses, with ether stuck near $2,450, XRP below $1.40, BNB under $690, Solana slipping toward $100, and TRX near $0.33. Uniswap’s UNI led gainers, rising about 10% on the day and more than 32% on the week to a multi-month high near $6.00 before easing to about $5.65, while CRV and ARB jumped roughly 15% and 24% and returned to the top 100 by market value.

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