\n\t\t\t\t\t\t\t\t\tBitcoin’s price calms down at $77K in anticipation of an eventful week ahead. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
After declining to about $74,000 on Saturday, Bitcoin\u2019s price recovered to $77K yesterday and seems to have stabilized at that level.<\/p>\n
The move follows a statement from the US President Donald Trump on the state of affairs with Iran and the potential for a permanent peace, although the market seems to have accepted it as an extension of the current ceasefire.<\/p>\n
Bitcoin Price Stable at $77,000, Important Week Ahead<\/h2>\n
As we\u00a0reported<\/a> earlier today, crypto markets have remained mostly flat over the past 24 hours. They did go through a weekend boost after the US President hinted at a \u201clargely negotiated\u201d deal with Iran.<\/p>\n Analysts also hinted that the ceasefire is likely to be extended for another 60 days.<\/p>\n \u201cIt also appears further progress has been made toward a 60-day ceasefire extension for the Iran war.\u201d \u2013 Wrote the Kobeissi Letter.<\/p>\n<\/blockquote>\n That said, Bitcoin is trading slightly above $77,000 and remains stable on Memorial Day, with markets closed.<\/p>\n However, the week ahead holds important economic events, namely:<\/p>\n It\u2019s also important to note that spot Bitcoin ETFs marked<\/a> one of their worst weeks from May 18 to May 22, noting more than $1.2 billion in outflows. Ethereum ETFs also suffered, while other products like SOL, XRP, and HYPE funds saw increases in assets under management.<\/p>\n Many altcoins have also traded relatively flat over the past 24 hours, especially those with the largest market capitalizations. ETH is more or less where it was yesterday; BNB is up 0.5%, TRX by 0.3%, while XRP, SOL, DOGE, and ADA are down 0.3%.<\/p>\n One of last week\u2019s best performers, HYPE, seems to be slowing down after surging by more than 40% in the past seven days. That said, the altcoin continues to show considerable strength and is already ranked as the 11th-largest project in the industry by total market capitalization.<\/p>\n The best performers from the past 24 hours include DEXE, which increased by 20%, STABLE, up 15%, and XDC Network (XDC), up 9.6%. On the flipside, Uniswap\u2019s UNI is down 2.7%, making it today\u2019s worst-performing altcoin, followed by Kaspa and Sui.<\/p>\n\n
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Altcoins Flat, HYPE Rally Cools Off<\/h2>\n
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