Weekend volatility was insane. On Saturday, news of regional conflicts broke out, causing Bitcoin to drop below $64,000, then suddenly rebounded on Sunday morning. It is currently moving around $73,460.
During the Sunday rally, Solana was the strongest, rising to $86 at that time, and Ethereum also recovered close to $2,000. Altcoins like Cardano, XRP, and Dogecoin all recorded single-digit percentage gains. It seems that risk assets are being bought as the likelihood of the conflict ending in the short term increases.
However, on a weekly basis, the market is still mixed. Bitcoin remains weak compared to last week, and XRP and Dogecoin are also in the red. Only Solana and Ethereum are maintaining weekly gains. The sharp fluctuations over the weekend, occurring in a period of low liquidity, are considered to lack reliability.
The truly important thing is what happens from now on. On Monday, the stock, bond, and crude oil markets will reopen, and institutional capital will start moving in earnest. The key will be how the market interprets Saturday’s news. If traditional markets respond optimistically, cryptocurrencies may also rebound, but if oil prices surge and stocks start weak, the weekend optimism could quickly fade. For now, monitoring macro indicators is essential.