Bitcoin took a breather over the weekend and into the last 24 hours, its price action settling down after a mid-week surge that had traders on the edge of their seats. The explosive rally from Wednesday to Friday now feels like a distant memory as the market digests its gains.
In the meantime, many altcoins have extended their gains, with XLM, HBAR, and BONK emerging as today’s top performers.
BTC Stalls at $118K
Bitcoin’s price spent the first weeks of the month slumbering, trapped between $105,000 and $110,000. Breakout attempts fizzled. Then, Wednesday evening, the bulls stampeded, seizing the reins of the market with ferocious momentum.
The first surge north propelled the cryptocurrency past $110,000, smashing through resistance and rocketing to a record-breaking $112,000. A minor pullback the following day proved to be just a breather, as the relentless rally reignited, sending it soaring to $116,000 by Thursday.
Bitcoin blasted past expectations Friday, soaring to a breathtaking new all-time high near $119,000! In a dizzying 48-hour rally, the king of crypto added over ten thousand dollars to its value, etching a fresh record in the digital ledgers. Want to unravel the mystery behind this meteoric ascent? Dig into the potential catalysts behind this surge here.
Saturday slumbered, seemingly unfazed as Trump’s tariff hammer crashed down. A 30% blow landed on the EU and Mexico, followed by a chilling promise: retaliate, and face worse.
Bitcoin wobbles but holds. After a minor dip to $117,500, the crypto king claws back to $118,000. Its colossal $2.35 trillion market cap keeps it perched as the world’s sixth largest asset, flexing its financial muscle.
These Alts Keep Rocking
While Bitcoin treads water, a few altcoins are staging a daring escape! XLM and HBAR aren’t just keeping their heads above water – they’re launching skyward. XLM’s surge adds another 17.5% in just 24 hours, catapulting its weekly gains past an astounding 85%. Is this the beginning of an altcoin season, or are these outliers destined for a correction? All eyes are on these high-flying crypto assets.
HBAR’s on a tear! A massive 15% daily and nearly 50% weekly surge has catapulted its price past $0.22, leaving investors breathless. Meanwhile, BONK joins the double-digit party, riding a 12% wave of its own.
Other big gainers from the larger-cap alts include ALGO, IMX, and MNT, but their increases are noticeably smaller.
A $20 billion tidal wave has washed over the crypto market overnight, pushing the total capitalization to a staggering $3.76 trillion, according to CG. Get ready for the ride.
Thanks for reading XLM HBAR Extend Massive Gains as BTC Stands Still Despite Trump’s New Tariffs: Weekend Watch
