Crypto market update: Bitcoin nears $73K again as ETH and HYPE push higher

Bitcoin (BTC) extended its upward move over the past 24 hours and reached its highest level in three weeks. 

The broader crypto market also moved higher, with Ethereum (ETH), HYPE (HYPE), and RAVE among the tokens posting gains.

Bitcoin reaches three-week high

Bitcoin traded in a tight range between $66,000 and $67,000 over the weekend. That changed on Monday when the asset moved above $70,000 after reports said the United States and Iran had started talks.

The price later slipped below $68,000 after follow-up reports challenged that claim. Bitcoin then turned higher again on Tuesday after both sides announced a “two-week cease-fire,” which supported market sentiment.

The asset kept climbing even after March CPI data showed stronger inflation. It reached $73,500 earlier today, its highest level since March 18, before easing slightly below $73,000.

Bitcoin’s market value rose to $1.455 trillion, according to CoinGecko data. Its share of the total crypto market also increased over the past week and now stands above 57%.

Ethereum, HYPE, and RAVE lead altcoin gains

Ethereum moved back above the $2,200 mark after a 2.3% daily rise. BNB also traded higher and moved past $600, while HYPE climbed more than 5% and reclaimed $40.

Most large-cap altcoins followed the same direction, though gains remained moderate. A few tokens, including WLFI, XMR, and CC, posted small losses during the session.

RAVE recorded the strongest move among the top gainers. The token jumped 100% in one day and extended its weekly gain to about 700%, which pushed it into the top 100 assets by market value.

DASH also posted a sharp advance and moved above $45 after a 13% gain. SIREN added 10% and returned to the $0.80 level.

The total crypto market value increased by more than $100 billion from last week. It stood at $2.530 trillion at press time, showing broader strength across the sector.