Following a weekend marked by geopolitical tensions and market volatility, the crypto market is witnessing a resurgence. Bitcoin's price recently dipped below $100,000 due to concerns over U.S. airstrikes in Iran but has since rallied back above the $101,000 mark. This rebound comes as the total cryptocurrency market capitalization reaches approximately $3.12 trillion, reflecting a growth of 2.42% in the last 24 hours.
Currently, Bitcoin is trading above $101,400 with a 5.7% increase over the past week. Ethereum has also performed strongly, enjoying a weekly rise of 14.6%. Other altcoins, including XRP and Solana, have recorded double-digit gains as well. A notable performer this week has been Hyperliquid (HYPE), which surged over 22%.
Despite the positive movement, the Altcoin Season Index remains at a low point of 15/100, indicating that Bitcoin still maintains the majority of the market influence. A significant driver of confidence has been the announcement that MicroStrategy's Michael Saylor made a $1 billion purchase of Bitcoin, which has added to a more bullish outlook among institutional investors.
As geopolitical tensions ease and options expirations pass, the market is showing signs of stabilization. Nevertheless, macroeconomic risks linger, and news about ETF developments could further impact price movements. Traders are encouraged to remain vigilant while taking advantage of the current market bounce.
Currently, Bitcoin is trading above $101,400 with a 5.7% increase over the past week. Ethereum has also performed strongly, enjoying a weekly rise of 14.6%. Other altcoins, including XRP and Solana, have recorded double-digit gains as well. A notable performer this week has been Hyperliquid (HYPE), which surged over 22%.
Despite the positive movement, the Altcoin Season Index remains at a low point of 15/100, indicating that Bitcoin still maintains the majority of the market influence. A significant driver of confidence has been the announcement that MicroStrategy's Michael Saylor made a $1 billion purchase of Bitcoin, which has added to a more bullish outlook among institutional investors.
As geopolitical tensions ease and options expirations pass, the market is showing signs of stabilization. Nevertheless, macroeconomic risks linger, and news about ETF developments could further impact price movements. Traders are encouraged to remain vigilant while taking advantage of the current market bounce.
