🚨Crypto Market 🚨$BTC

The crypto market's rebound this week signals an attempt to pivot from the sustained downtrend noted since mid-August, with experts attributing this comeback to improving macroeconomic conditions and on-chain metrics.

Among the top 10 cryptocurrencies by market cap, Bitcoin, XRP and Solana posted gains of at least 2% each according to CoinGecko data—carrying BTC back above $111,000 for the first time since last Friday.

While Bitcoin is only up slightly on the week, by 1% as of this writing, Solana has posted a weekly gain of more than 7%, per CoinGecko. Other top coins like Ethereum, Dogecoin, and BNB remain slightly down on the day.

Bitget chief analyst Ryan Lee told Decrypt that the depreciation of the U.S. dollar has "bolstered risk-on sentiment and encouraged capital flows into assets like cryptocurrencies."

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