Bitcoin price recovers after decline. What happened in the cryptocurrency market

The price of the first cryptocurrency rose above $107,000, recovering from a sharp decline caused by the escalation of the conflict between Israel and Iran last week. On the morning of June 16, the price of Bitcoin (BTC) exceeded $107,000. The price of the first cryptocurrency, which fell to $103,000 on June 13 amid the conflict between Israel and Iran, has almost recovered. Before the sharp decline, the coin was trading at around $108,000.

Other cryptocurrencies in the top 10 by market capitalization also showed growth. The most significant increase was seen in Solana (SOL), whose price rose by 7.8%. The token of the decentralized exchange Hyperliquid approached the top 10: HYPE ranked 11th in the list of largest cryptocurrencies, gaining 11% in value over the day.

The total market capitalization of cryptocurrencies increased by 1.5% to $3.33 trillion over the day. Among the top 100 cryptocurrencies, the largest growth in the last 24 hours was shown by the token Jito (JTO), which rose by 16%. The largest price drop in the last 24 hours was shown by Pi (PI) — down 2%.