Bitcoin Soars Above $106K as Ethereum and Solana Lead Altcoin Comeback

Bitcoin (BTC) continued its upward trajectory on Monday, surpassing the $106,000 milestone. The leading cryptocurrency experienced a 1.2% gain in the last 24 hours and a 0.9% increase for the week, pushing its market capitalization above $2.1 trillion.

Ethereum (ETH) demonstrated even stronger performance, climbing 3.6% over the same 24-hour period to reach $2,622.75. Investor interest fueled a 5.2% rise in the asset's value throughout the week. A trading volume exceeding $16 billion positions Ethereum as a key driver in the ongoing altcoin recovery.

Solana (SOL) followed suit with a remarkable 7.2% surge in the last 24 hours, reaching a market price of $156.79. Its weekly performance was also positive, registering a 4.1% gain, and boasting a market capitalization of $82.7 billion. The increased trading volume indicates robust support from both retail and institutional investors.

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Altcoin Movers Show Split Performance Despite Upward Push

XRP (XRP) saw a modest 1.5% increase in the last 24 hours, reaching $2.18. However, a weekly loss of 2.3% suggests mixed market sentiment. Trading activity remained consistent, with a volume exceeding $1.5 billion. BNB (BNB) also experienced slight growth, trading at $654.26 after a 0.6% daily rise.

Dogecoin (DOGE) edged up 1.1% to $0.1778 in the past 24 hours, but its weekly decline of approximately 2% underscores ongoing selling pressure. TRON (TRX) recorded the most significant decline among major coins, dropping to around $1.1 and ending the week with a 4.6% decrease.

Among tokens exhibiting notable gains in the broader market were Kled AI (KLED), which rose 32.4% to $0.03287. Marinade (MNDE) surged 33.3% to $0.1627, while Housecoin (HOUSE) increased 28.8%, supported by a substantial $23 million trading volume. Araracoin (ARARA) and Rei (REI) also showed significant growth, increasing by 29.3% and 27.4%, respectively.

Altcoin Sentiment Recovers as Ethereum and Solana Take the Lead

The overall cryptocurrency market reflects a growing shift toward altcoins. Ethereum (ETH) and Solana (SOL) have emerged as frontrunners in this recovery, partially offsetting losses experienced by XRP (XRP), Dogecoin (DOGE), and TRON (TRX). The week’s market movements suggest traders are actively reallocating investments towards higher-volume assets, demonstrating upward consistency.

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