Ethereum Nears $2K While Bitcoin Reclaims $65K

Bitcoin is back on the move after reacting positively to easing geopolitical tensions over the weekend. The leading cryptocurrency climbed back above $65,000 on Monday morning following news that planned military actions in the region were called off. Trading volumes picked up as traders shook off last week's losses and pushed Bitcoin market capitalization back past the $1.3 trillion mark.

Ethereum stole the spotlight by leading the broader altcoin market higher. ETH surged to $1,980, hitting its highest price point in nearly two months. Even after a slight pullback, the second largest crypto sits comfortably above $1,960 with a strong 4.5 percent daily gain. Other major altcoins followed the upward trend, with AAVE, ONDO, and UNI posting solid gains over the past 24 hours.

The wider crypto economy added roughly $30 billion in total market value, bringing the cumulative cap to $2.31 trillion. While a few meme coins like SHIB saw a correction after recent rallies, the overall mood is clearly bullish. Traders will watch to see if Bitcoin can hold the $65,000 floor and if Ethereum can finally break through the psychological $2,000 resistance level.