Cryptocurrency Market Recovers Strongly After a Volatile Weekend
After a tense weekend with complex geopolitical developments and a sharp decline in the market, cryptocurrencies are showing signs of positive revival. Bitcoin temporarily dipped below the $100,000 threshold due to concerns over U.S. airstrikes on Iranian nuclear facilities. However, key technical indicators have been maintained and Bitcoin's price quickly rebounded, surpassing $101,000.
Total Cryptocurrency Market Capitalization Exceeds $3.12 Trillion
The recovery is widespread across the cryptocurrency market as total capitalization rises to $3.12 trillion, up 2.42% in the past 24 hours. Bitcoin continues to lead with a price above $101,400, up 5.7% for the week. Ethereum surges strongly with a 14.6% increase. Major altcoins like XRP, Solana, Dogecoin, and Cardano all recorded double-digit weekly gains, confirming the short-term bullish trend is booming.
Hyperliquid (HYPE) Outperforms with a 22% Increase Last Week
Notably, Hyperliquid (HYPE) surged over 22%, solidifying its position among high-performance tokens. However, the Altcoin Season Index remains low at just 15/100, indicating that Bitcoin still dominates and influences the market during this recovery.
Increased Confidence Thanks to MicroStrategy's Large Trade
A major boost for the market comes from the $1 billion Bitcoin purchase by Michael Saylor, CEO of MicroStrategy. This transaction demonstrates interest and confidence from institutional investors, stimulating upward momentum across major tokens such as ETH, XRP, ADA, DOT, and Pi Network. This is seen as a key leverage point driving overall recovery momentum.
Caution with Geopolitical Risks and Macroeconomic Volatility
Although geopolitical tensions show signs of easing and the option expiration periods have passed, the cryptocurrency market still harbors many unpredictable macro risks. Traders are advised to remain vigilant, take advantage of the current bullish opportunities but not to be complacent before potential fluctuations. Developments related to cryptocurrency ETFs are also being closely monitored by the market and could create the next catalysts for liquidity and price volatility.
The cryptocurrency market is on a positive recovery trajectory, but it still requires vigilance and smart investment strategies to maximize opportunities while mitigating risks. With Bitcoin and major altcoins breaking through, this is a crucial time to stay updated and adjust portfolios accordingly.
Source: https://tintucbitcoin.com/crypto-hom-nay-btc-eth-xrp-tang-manh/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
