Bitcoin steadies around $77,000 after volatile three-week correction; easing US-Iran tensions lift sentiment
Synopsis
Bitcoin traded near the $77,000 mark after recovering from a volatile correction phase as easing U.S.-Iran tensions improved investor sentiment. While Ethereum and select altcoins remained under pressure, broader crypto market sentiment stabilised amid hopes of geopolitical de-escalation, although analysts continued to warn about leverage-driven volatility and short-term resistance levels.
Bitcoin is trading near the $77,000 mark after a volatile three-week correction as the easing U.S.-Iran tensions lifted the market sentiment. The cryptocurrency was trading at $77,298, registering a marginal jump of 0.84% in the past 24 hours.
Ethereum fell 0.47% in the past 24 hours to trade at the $2,106 mark. Among the major altcoins, BNB, Solana, Tron, and Hyperliquid gained up to 3.67%, whereas XRP and Dogecoin fell 0.25% and 0.16%, respectively.
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Bitcoin recovered to around $77,000 on May 25 after U.S. President Trump said on May 23 that a U.S.-Iran peace framework was ‘largely negotiated’ and that the Strait of Hormuz could reopen; Bitcoin’s consolidation came after a volatile three-week stretch that saw the asset lose nearly 39% from its October 2025 peak of $1,26,287, said Vikram Subburaj, CEO, Giottus.
Crypto TrackerTOP COINS (₹) Bitcoin7,345,922 (0.17%)BNB62,720 (0.15%)Tether95 (-0.52%)XRP129 (-0.87%)Ethereum199,781 (-1.35%)
The global crypto market capitalisation went up 0.43% to $2.58 trillion, according to . Bitcoin rebounds from the levels just above the crucial support and reclaims $77,000, as bulls gain some momentum, said CoinDCX Research Team.
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Harish Vatnani, Head of Trade, ZebPay, said after tumbling nearly 4% late Friday amid heightened geopolitical tensions and heavy liquidations across the crypto market, Bitcoin (BTC) staged a sharp rebound over the weekend after President Trump signalled that a peace agreement involving Iran and several Middle Eastern nations was nearing completion.
In the past week, Bitcoin was up 0.57%, and Ethereum was down 0.56%. Among the major altcoins, BNB, Solana, Tron, and Hyperliquid gained up to 36.08%, whereas XRP, Dogecoin and Cardano fell up to 3.42%.
WazirX Market’s Desk said Bitcoin trades near $77,004, with daily technicals broadly neutral despite moving averages flagging short-term resistance, and it moved above the $75,000 level as improving macro sentiment and easing geopolitical concerns supported broader risk appetite across financial markets.
Market perspective
Riya Sehgal, Research Analyst, Delta Exchange: Bitcoin is holding near the $76K–$77K region after rebounding from lower support levels, while Ethereum is trading around $2,095–$2,100 as buyers defend short-term demand zones.
Bitcoin dominance remains elevated, showing continued preference for large-cap assets over altcoins. Derivatives activity also remains active, with high open interest and liquidation clusters indicating leverage-driven volatility across the market.
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CoinSwitch Markets Desk: BTC’s pullback to nearly $74.5K reflected a mix of geopolitical stress and hawkish Fed concerns. The sentiments improved after reports of progress in U.S.–Iran peace talks, including a possible reopening of the Strait of Hormuz, helping BTC rebound toward $77K.
Avinash Shekhar, Co-Founder & CEO, Pi42: Bitcoin is trading near the $77,000 level, showing resilience despite ongoing geopolitical uncertainty and mixed macro signals. The recent movement has been supported by improving sentiment around a potential U.S.–Iran deal, which has eased pressure across broader assets and helped stabilise crypto markets after recent volatility.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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