🔸(August 9, 2025)

The cryptocurrency market has experienced a strong rebound led by altcoins.

- Soaring Altcoins: Alternative cryptocurrencies like XRP (+12%), Ether (+7.3%), and Dogecoin (+8.8%) recorded significant gains. This boosted the total crypto market capitalization by 3%.

- Bitcoin Lagging: Bitcoin (BTC) rose more modestly (+1.9%) and is trapped in a narrow price range, between $112,000 and $120,000.

- Market Sentiment: Demand for Bitcoin has cooled, evidenced by decreased inflows into ETFs and falling network activity.

- Traditional Markets: The rise in crypto aligns with a greater risk appetite in Asian stock markets, driven by the easing of trade tensions between the U.S. and Japan. Oil, on the other hand, saw its largest weekly drop since June. $DOGE