Bitcoin edged higher on Saturday evening after US President Donald Trump halted planned attacks on Iran, rising to $64,500 before giving back a small portion of the move.

Shiba Inu outperformed the larger-cap alternative cryptocurrencies, advancing more than 35%. Most major altcoins also traded higher, although their gains were more limited.

BTC Holds the $64K Area

Bitcoin began last Monday with a largely expected decline, falling from $65,000 to $63,750. The asset responded at that support area and rebounded by about $2,000 before the end of the day. Tuesday brought stronger gains, with BTC climbing to roughly $67,000 on some exchanges and reaching a monthly high.

After adding more than $3,000 in just over 24 hours, bitcoin moved into a corrective phase against the broader market backdrop. The cryptocurrency gradually lost ground and slipped below $65,000 on Thursday. Another breakout attempt followed on Friday, but the move stalled at $65,750. The rejection that came afterward pushed BTC lower by around $2,000.

Buyers then stepped in and prevented a further decline. Bitcoin stabilized near that level, held around $64,000 on Saturday, and later climbed to $64,500 after Trump ordered the US military to stand down while awaiting resumed talks between Iran and Oman. Because crypto trades continuously, weekend moves can reflect fast adjustments to macro and geopolitical headlines while traditional markets are closed.

At the time of the report, BTC remained above $64,000. Its market capitalization had returned to $1.290 trillion on CG, while its dominance over altcoins had risen to nearly 57%. Bitcoin dominance is closely tracked because it shows how much of the total crypto market value is concentrated in BTC compared with alternative cryptocurrencies.

SHIB Posts Sharp Rally

In a rare reminder of the meme coin activity seen a few years ago, Shiba Inu’s largest native token surged by more than 35% on the day, reaching a two-month high. PEPE was another major gainer in the meme coin segment, rising 9.6% over 24 hours and 26% over the past month. Meme coins often trade with sharper swings than larger assets because their activity is frequently driven by short-term flows, community attention, and liquidity conditions rather than protocol revenue or enterprise adoption metrics.

Dogecoin advanced 5.8% to $0.073. VVV was also among the meme coin gainers, climbing 12% to $14.5. AVAX posted a 9% increase as well.

Other larger-cap altcoins recorded more modest moves. ETH traded close to $1,900 after gaining 1.5%, while XRP returned to $1.10. HYPE rose 2.5%, though it continued to trade below $60. ZEC and CC were also in positive territory.

The total cryptocurrency market capitalization increased slightly from the previous day, but it remained below $2.3 trillion on CG.