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Crypto bounces back from the brink as altcoin optimism returns despite pockets of weakness

coindesk.com · Jul 6, 2026 at 10:44

Crypto bounces back from the brink as altcoin optimism returns despite pockets of weakness
coindesk.com Jul 6, 2026

Bitcoin BTC$62,809.80 is trading at $62,800 on Monday, a notable turnaround from July 1 when it dipped below $58,000 to its lowest level since September 2024 and raised concerns of a slide toward $50,000.

Ether (ETH) staged a similar recovery, trading at $1,760 after bottoming out around $1,550 last week. The two largest cryptocurrencies spiked higher at Sunday's futures open, but have given back around 1% of those gains since midnight UTC.

The pullback represents a divergence from traditional markets, where Nasdaq 100 and S&P 500 index futures are trading up 1% and 0.5%, respectively, following the long weekend.

The altcoin market is split. Lighter (LIT) continues to impress, now up more than 50% over the past week, while MORPHO$1.9006 and ADA$0.1825 are both nursing losses of around 4% in the past 24 hours.

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

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