Bitcoin defended the $64,000 support level Monday after a brief dip, climbing to $64,500 by Tuesday afternoon. The move came after President Trump ordered a halt to planned attacks on Iran, easing geopolitical jitters. Meanwhile, Shiba Inu (SHIB) surged over 35% to a two-month peak, leading a broad meme coin rally that lifted PEPE, Dogecoin, and others.
Trump's Iran order steadies BTC
Bitcoin had dropped from $65,000 to $63,750 on Monday before the White House announcement. The news triggered a sharp reversal, pushing BTC to $67,000 on Tuesday. That rally didn't hold — Bitcoin corrected back to $64,500 by late Tuesday. Still, the $64,000 level held, and traders took that as a short-term win. The timing wasn't great for bears: a break below $64k could have opened the door to $60k.
SHIB's two-month high
Shiba Inu was the standout, jumping more than 35% to hit a level not seen since late May. The rally wasn't isolated. PEPE gained 9.6% on the day and is up 26% over the past month. Dogecoin rose 5.8% to $0.073. Meme coins as a group outperformed the broader market, though no single catalyst was cited. It's the kind of risk-on move that often follows a geopolitical de-escalation.
Altcoin movers: VVV, AVAX, ETH, XRP
VVV surged 12% to $14.5, while AVAX pumped 9%. Ethereum inched closer to $1,900 after a 1.5% increase. XRP returned to $1.10. HYPE rose 2.5% but remains below $60. ZEC and CC also traded in the green. The moves were broad but modest compared to SHIB's explosion. Total crypto market cap ticked up but still sits below $2.3 trillion.
Bitcoin dominance near 57%
Bitcoin's market cap stands at $1.290 trillion, giving it a dominance of nearly 57% over altcoins. That's a reminder that despite the meme coin frenzy, BTC still commands the lion's share of capital. The question now is whether Bitcoin can reclaim $67,000 — the level it hit Tuesday before the correction. If it can, the $70k zone comes into play. If not, $64k will be tested again.
