Bitcoin Rebounds Above $70K as Crypto Markets Show Fragile Signs of Recovery

The Bitcoin price curve climbed from $65,000 to well over $70,000 over the weekend. Altcoins like Ethereum, Solana, and XRP are showing signs of recovery. Has the danger of a Bitcoin slump been averted?

A cautious sigh of relief characterizes the mood in the crypto markets at the start of the week: Bitcoin’s sharp losses on Friday had pushed the BTC price curve to near the $60,000 mark, before initially stabilizing at $65,000. From there, Bitcoin climbed again over the Super Bowl weekend, and this Monday morning, the leading cryptocurrency is trading at just over $70,000. Ethereum has also recovered to prices of just over $2,000, XRP (Ripple) is back at around $1.40 after the turbulence, and Solana is showing a noticeable sign of life with prices around $85. But is this just a short-term effect, or can Bitcoin truly look to the future with optimism again?

The dip in the crypto markets at the end of last week was sharp but short-lived. When Bitcoin’s support level at $60,000 began to waver, investors reacted. However, it’s important to remember that BTC’s losses over the past seven days still amount to a weekly loss of 7.5 percent. Ethereum is down 6.5 percent for the week, XRP 9 percent, and Solana 14 percent. Thus, Bitcoin’s price action doesn’t appear to be a rebound, but rather a struggle against a crash.

On the positive side, US President Donald Trump was unusually quiet over the weekend, refraining from making any pronouncements on world politics. Bitcoin, on the other hand, benefited from the election results in Japan. Prime Minister Sanae Takaichi won a landslide victory, and her economically liberal coalition has promised tax cuts. The Nikkei 225, Japan’s most important stock index, promptly climbed to an all-time high at the start of the trading week, and Bitcoin reacted positively to this.

Ethereum has managed to recover to a price above $2,000 for the moment. However, just ten days ago ETH was trading above $3,000, and its all-time high from August is nearly $5,000. For Ethereum , as for Bitcoin, the focus for now remains on damage control. One weak trading day should be enough to reignite discussions about support levels rather than price targets. This also applies to Solana, which is currently 70 percent below its all-time high. XRP is holding up somewhat better, at 60 percent below its all-time high from July 2025, but the momentum has faded.

Conclusion: Is the Bitcoin recovery just a flash in the pan? A new trading week beckons

The situation surrounding Bitcoin and other cryptocurrencies is complex: Crypto markets have been in a downward trend since October, and even the recent periods of improvement, like the one over the weekend, offer little relief. Analysts expect continued price fluctuations in the coming days, which could define a bottoming pattern. The sentiment index remains highly fearful, and a renewed Bitcoin drop below $70,000 or even $65,000 is not ruled out. XRP, Ethereum, and Solana, as leading altcoins, do not appear to be developing any independent momentum. However, Bitcoin is at least starting the new trading week without any headwinds.

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(Featured image by Traxer via Unsplash)

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