Altcoins Surge Post-Weekend Downturn as Bitcoin Bounces Back Over $114K: Market Analysis

Bitcoin's price has been on the rise since Sunday, now trading well beyond $114,000, following a slump to under $112,000 on Saturday. The previous business week saw BTC trading between $117,000 and $119,000, with volatility driven by factors such as the US Federal Reserve's decision on key interest rates and geopolitical tensions. Despite facing some resistance at $115,000, its market cap has now increased to $2.280 trillion with a dominance of 60%.

During the correction, altcoins like Ethereum, XRP, and others took a hit, but are now recovering, with notable gains from XLM, ENA, and HASH. The total crypto market cap has increased by $60 billion since the previous day, reaching $3.8 trillion.