Bitcoin rebounds near $79,000 after Middle East attacks trigger dip

  • Bitcoin recovered nearly $2,000 after Middle East attacks pushed it below $77,000.
  • Bitcoin’s market capitalization returned to $1.580 trillion, with dominance above 58.5% on CG.
  • Monero’s XMR surged almost 10% above $520, outperforming most large-cap altcoins.

Bitcoin recovered nearly $2,000 after new attacks in the Middle East pushed it below $77,000 on Monday morning. The rebound brought the asset back close to $79,000, lifting its market capitalization to $1.580 trillion and its dominance over alternative cryptocurrencies above 58.5% on CG. Bitcoin had climbed from below $75,500 to $81,000 and then $81,500 during the previous business week, reaching its highest price in more than three months, before a sharp rejection and a subsequent decline below $77,000. Most major altcoins have not matched the recovery: Ether remains below $2,500, BNB has not reclaimed $690, and XRP trades below $1.40 despite major ETF inflows last week. Monero's XMR was a notable exception, surging almost 10% to above $520, while UNI and MNT gained 6% to 7%. The overall crypto market capitalization recovered more than $50 billion from the morning low to reach $2.7 trillion on CG.

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