The cryptocurrency market is demonstrating positive dynamics, with Bitcoin strengthening above $100,000 and the rise of other altcoins. Let's explore the key events.
Bitcoin: Consolidation and Forecasts
Bitcoin is currently trading at around $104,011, up 7% in the past week. Analysts suggest the possibility of a rise to $105,000 and beyond. Institutional investments remain a significant growth factor, with companies like Strategy boosting their reserves to over 568,000 Bitcoins.
Ethereum: Steady Growth
Ethereum has gained 4.43% in the last 24 hours, reaching approximately $2,624. Its price increased by 43% over the week. This growth is largely driven by institutional adoption and the successful rollout of the Pectra upgrade, which has reduced transaction fees and enhanced staking efficiency.
Altcoin Movements
Altcoins are showing positive dynamics as Bitcoin's dominance softens. Solana (SOL) has climbed 4% to $180, while XRP has gained nearly 3% to $2.61. Among other altcoins, RAY (Raydium) spiked by 17%, and WAL (Walrus) rose by 12%. Some altcoins, such as WIF, are seeing declines.
The cryptocurrency market continues to remain active, with hopes for new records for Bitcoin and significant interest in altcoins. Institutional investments and network upgrades play a key role in the market's state.
