BTC Holds $67K, ETH Jumps 10%, XRP, SOL, HYPE Rally After Iran Deal

Weekly Crypto Price Prediction: BTC Holds $67K, ETH Jumps 10%, XRP, SOL, HYPE Rally After Iran Deal


Crypto price momentum strengthened on Monday as Bitcoin held near $67,000 and major altcoins advanced sharply. 

ETH, XRP, Solana, Hyperliquid and Dogecoin all were in the wider recovery. Easing pressure, as traders indicated following the U.S.-Iran peace deal. The transaction increased risk levels in equities and crypto.

Crypto Prices Rally as BTC, ETH, XRP, SOL, HYPE and DOGE Surge

The crypto price movement remained strong as the Bitcoin approached the mark of $68,000. The wider crypto market gained more than 5% in trading. The overall market capitalization also soared to approximately $2.29 trillion.

Bitcoin rose almost 5% in 24 hours, trading near $67,780. The relocation was preceded by an increase in risk appetite in markets. The move above $66,000 was a short-term bullish move that was seen by traders.

Weekly Crypto Price Prediction: BTC Holds $67K, ETH Jumps 10%, XRP, SOL, HYPE Rally After Iran DealWeekly Crypto Price Prediction: BTC Holds $67K, ETH Jumps 10%, XRP, SOL, HYPE Rally After Iran Deal
Source: Coin 360 data

Ethereum gained more than 10% over the. past 24-hours. ETH price rose to over $1,800 and traders shifted to big altcoins. The recent move was also supported by increased trading activity.

XRP price jumped 13%, while Solana advanced more than 10%. Hyperliquid rose 15%. continuing its recent force. Dogecoin price also registered a good burst in meme coins in the wake of the overall recovery.

US-Iran Peace Deal Sparks Broad Risk-On Crypto Market Rally

The rally followed reports that the United States and Iran finalized a peace agreement. The deal eased concerns around Middle East tensions and possible energy disruption.

The mood lightened following the announcement of the reopening of the Strait of Hormuz. The passage is significant to the international oil transportation. The reduced supply anxiety led to the decrease of inflation anxiety in markets.

The development saw a fall in oil prices by over 5%. The latter was backed by equities and crypto. The market data indicated that there was a high correlation between crypto and the Dow Jones ETF during the rally.

The move showed how digital assets remain sensitive to macro headlines. As the geopolitical risks are reduced, traders tend to go back to riskier assets. Bitcoin and altcoins were the biggest beneficiaries.

Crypto Events to Watch This Week: FOMC, Jobs Data and BOJ Decision

The macro calendar of crypto traders has been crowded. The June 17 Federal Reserve decision is the key event. Policymakers are expected to maintain steady rates in the markets.

Investors will be monitoring the Fed tone. Any indication of a reduction in rates in the future would have implications on the demand of Bitcoin and altcoins. A less harsh perspective can be favorable to the rally.

The U.S. jobs data will also be of interest this week. Good labor numbers might lower hopes on the easier policy. Underwhelming data can raise anticipations on subsequent reductions.

Another area of focus is the Bank of Japan decision. Any change in policy may impact on the liquidity and risk sentiment in the world. Those events may increase the volatility of crypto markets.

Weekly Crypto Price Prediction: Key Levels to Watch for BTC and ETH

Future Bitcoin outlook needs to stay above $66,000 to maintain momentum. An extended trend would also take the door to $68,000. Buyers can then attack the subsequent resistance area.

If BTC falls below $64,000, traders could expect renewed selling pressure. Such a step could prompt a retest of lower support.

Weekly Crypto Price Prediction: BTC Holds $67K, ETH Jumps 10%, XRP, SOL, HYPE Rally After Iran DealWeekly Crypto Price Prediction: BTC Holds $67K, ETH Jumps 10%, XRP, SOL, HYPE Rally After Iran Deal
Source: Tradingview

Ether price needs to hold the $1,800 region this week. That position has the potential to aid a push toward $1,900. Any drop below it can put ETH in danger of falling to $1,750.





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