Bitcoin Sees Major Surge

After days of suppressed price action, Bitcoin made a significant move, soaring by $10,000.

BTC Soars by $10K

This past week was tough for Bitcoin, as it dropped from $96,000 on Monday to $78,000 by Friday morning due to Trump’s trade tensions, inflation fears, and other factors. After liquidating over-leveraged positions, Bitcoin began rebounding on Friday afternoon, rising to $84,000. The weekend started quietly, with Bitcoin stable around $84,000 to $86,000.

However, following another announcement from President Trump, who confirmed plans for a US Crypto Reserve, Bitcoin experienced a surge. Although it retraced slightly to $85,000, it subsequently jumped by $10,000 to $95,000 within hours, now holding above $92,000. Its market cap has risen to $1.840 trillion, with a dominance of 58% over altcoins.

Biggest Alt Gainers

Following Trump’s remarks, cryptocurrencies such as SOL, ADA, and XRP saw impressive gains. Although many altcoins experienced a slight pullback, daily price increases remain significant. ETH is up nearly 5% above $2,350, and DOGE approaches $0.22, with SOL, ADA, and XRP experiencing double-digit increases. Other top gainers include LINK and AVAX.

Meanwhile, BNB and LTC have seen losses of 1% and 4%, likely because they weren’t mentioned by Trump. The total crypto market cap has surged by $300 billion since Sunday, now exceeding $3.15 trillion.