$BTC Message from ChainCatcher, the cryptocurrency analyst @brianq stated that as the price of Bitcoin recovered to between $94,000 and $96,000 in the last 5 days, market funds began to be reassigned to altcoins.

The overall cryptocurrency market increased by 10.2% in the last week, with a significant amount of funds flowing into low-cap altcoins, especially Meme tokens, as traders exhibited a high-risk speculative mindset.