Major altcoins have spiked in double digits as Bitcoin shows recovery signs with a potential breakthrough of the $100,000 level.
Bitcoin's Growth and Market Influence
According to Coinmarketcap, Bitcoin price is currently trading at $98,400 after making an intraday low of $96,900. As BTC moves towards recapturing the psychological mark of $100,000, it is influencing the broader crypto market to surge back to levels where it was before Trump's tariff announcement.
Double-Digit Success for Altcoins
Following Bitcoin, leading altcoins like HNT, RAY, ADA, SUI, CRV, and LTC have surged double digit. The largest gainer today was Helium (HNT), which has surged nearly 20% in the past 24 hours. Litecoin (LTC) has been continually performing well, rising over 13% in the past 24 hours and gaining 30% in the past 30 days.
Short-Term Market Changes
The total crypto market cap today sits at $3.24 trillion, up 2.17% in the past 24 hours. However, the 4-hour trading volume has decreased 4.3% to $98.3 billion, signaling investors’ lowered confidence as BTC price approaches $100,000 mark.
The cryptocurrency market continues to exhibit significant volatility, yet Bitcoin's advance towards $100,000 is offering optimism to its proponents and altcoin investors.
