ETH Hits a 2-Month High Near $2K, Bitcoin Reclaims $65K: Market Watch

Bitcoin has reacted positively to the de-escalating war news from the weekend on Monday morning, jumping to over $65,000 for the first time since Friday. Most larger-cap alts are in the green today as well, led by ETH.

The altcoin leader touched $1,980 for the first time in almost two months before retreating slightly. BTC Above $65K The primary cryptocurrency rallied hard last week, going from under $64,000 to $67,000 within 36 hours to post a monthly peak.

However, it couldn’t sustain this momentum and quickly started to lose value. It first dipped to $65,500 on Wednesday before another leg down brought it to under $65,000. It rebounded on Friday to $65,750, where it was rejected and pushed south.

The bears managed to drive it down by $2,000, where it finally found support and returned to $64,000 on Saturday. Then came the aforementioned de-escalation news in the Middle East.