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Bitcoin rebounded to near record highs at $121,611.04, with a market cap of $2.42 trillion.
Bitcoin price jumped
Bitcoin Price Today: Bitcoin (BTC), the world’s largest cryptocurrency, rebounded in the past two weeks to reach near the record high, driven by positive sentiment.
Bitcoin traded at $121,611.04, marking a 2.97% rise in the past 24 hours and 6.17% over the past week, according to CoinMarketCap. Its market capitalisation now stands at $2.42 trillion, with a robust 24-hour trading volume of $76.38 billion.
Ethereum (ETH), the second-largest cryptocurrency by market cap, surged to $4,276.79, up 1.81% in the last 24 hours and an impressive 20.32% over the week. Its market cap has climbed to $516.24 billion, supported by $35.05 billion in daily trading activity. Analysts attribute Ethereum’s sharp rise to growing investor interest in decentralised applications and anticipation around future network upgrades.
Among other top performers, Solana (SOL) traded at $183.42, gaining 2.23% in the last 24 hours and 12.15% over the week, driven by rising adoption in decentralised finance (DeFi) and NFT markets. Dogecoin (DOGE) also saw a positive week, jumping 15.46% over seven days to $0.2348.
Bitcoin recorded one of the strongest weekly closes, recovering almost all of the losses incurred in the past week. Despite this, the star crypto failed to form a new ATH as the bears restricted the rally at $122,164, according to CoinDCX research team.
With this, altcoins like Ethereum, Litecoin, Solana, and a few more have risen above their respective resistance levels. Moreover, the XRP price is inching close to its ATH as it crosses a pivotal barrier. Lido DAO & Ethena top the leaderboard for the day with a 12% to 13% rise, followed by Cronos & Story. Besides, Four drops by over 5%, followed by Monero & Pi with over 4% each.
Bitcoin dominance remains at 60%, potentially signaling the onset of an Altcoin Season. Ethereum, often regarded as the leading indicator among altcoins, is showing strong momentum. This could be an early sign that capital may soon rotate into the broader Altcoin Market, argued Piyush Walke – Derivatives Research Analyst, Delta Exchange.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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