The recent price recovery of Bitcoin continues, influenced by market changes and the dynamics of altcoins.
Bitcoin Aims for $115,000
Bitcoin started the previous business week within a familiar trading range of $117,000 to $119,000. After volatility triggered by the Fed's meeting, the price changed sharply. On Thursday, the asset rose to $119,000 but fell to $112,000 due to news of tariffs and political tensions. Starting Saturday, bulls returned and helped the recovery, and Bitcoin is currently trading around $115,000 with a market cap of $2.280 trillion.
Altcoins on the Rise
Many altcoins experienced greater fluctuations than Bitcoin. For example, Ethereum dropped from approximately $3,900 to $3,400 but is now trading above $3,550 after a 3% increase. XRP fell to $2.72 but has also recovered, retesting the $3 level. XLM stood out among the altcoins, surging 9.5% to over $0.41, while ENA and HASH also achieved significant gains.
Total Cryptocurrency Market
The total cryptocurrency market cap increased by $60 billion, reaching $3.8 trillion. Given the current situation, further volatility is expected due to macroeconomic factors.
The cryptocurrency market continues to be dynamic. Bitcoin and several altcoins are showing positive trends, attracting the attention of investors.
