Bitcoin Breaks Above $117,000 as Altcoins Join Broad Market Rally

Bitcoin Surges Past $117,000 Amidst Robust Altcoin Momentum

The cryptocurrency market experienced a wave of bullish activity, with Bitcoin leading the charge and altcoins demonstrating significant upward momentum. Meme coins, in particular, dominated the gainers list, exhibiting substantial daily percentage increases. Major cryptocurrencies such as Ethereum, XRP, and Dogecoin also posted impressive double-digit weekly price growth.

Bitcoin (BTC) decisively broke through the $117,000 barrier in the last 24 hours, marking a 5.6 percent gain. This advancement reinforced the positive trend observed throughout the past week, culminating in an overall increase of 7.8 percent.

Ethereum (ETH) mirrored Bitcoin's performance, climbing 6.0 percent in a single day to reach a trading price of $2,986.80. Over the week, Ethereum demonstrated remarkable strength with a 16.7 percent surge, indicating strong investor confidence.

XRP (XRP) distinguished itself among the top ten cryptocurrencies, achieving a new price of $2.57 following a 5.7 percent increase in the last 24 hours. Its weekly performance was equally impressive, posting a 14.7 percent rise and elevating its market capitalization to over $151 billion.

BNB (BNB) and Solana (SOL) also experienced positive price movements, closing the day at $686.34 and $163.66, respectively. Their weekly gains were recorded at 4.2 percent and 7.3 percent.

Dogecoin (DOGE), the meme-inspired cryptocurrency, advanced to $0.1965 with an 8.2 percent gain in 24 hours. The asset's seven-day performance was even more pronounced at 16.5 percent, suggesting heightened retail demand.

TRON (TRX) and Lido Staked Ether (STETH) also moved upward, trading at $0.2959 and $2,982.06, respectively. Both coins demonstrated stable growth in the short term.

Omni Network and Hyperlane Lead Daily Gainers

Among the top performing cryptocurrencies, Omni Network (OMNI) witnessed an extraordinary surge of 175.3 percent, reaching a price of $4.28. Its trading volume exceeded $737 million, reflecting significant market interest.

Hyperlane (HYPER) jumped 88.1 percent to trade at $0.551, with a 24-hour volume exceeding $3.9 billion. Matchain (MAT) also demonstrated strong upward movement, rising 82.3 percent to $0.5169.

The International Meme Fund (IMF) increased by 75.0 percent, recording a price of $2.06. Infinity Ground (AIN) followed closely with a 65.8 percent increase to $0.1642.

AltLayer (ALT) surged 64.9 percent to $0.04724. Neiro on ETH (NEIRO) and MemeCore (M) also featured among the top gainers, posting daily rises of 61.4 percent and 56.2 percent, respectively.

Dogecoin's strong performance within the top ten cryptocurrencies was further supported by widespread interest in meme coins, with several meme-based tokens achieving substantial gains.

The cryptocurrency market maintained a bullish outlook, with Bitcoin spearheading the momentum among major assets in both price and trading activity. Mid-cap altcoins and meme tokens followed suit, delivering exceptional daily returns. Trading volumes remained elevated across various assets, indicating strong market participation.