In the first half of the week, the cryptocurrency market experienced a robust momentum, injecting approximately $110 billion into the total market value within 24 hours. Bitcoin’s climb back to the $95,000 range after two months set an upward trajectory for the overall market. This surge was not confined to the largest cryptocurrency alone, as Ethereum and major altcoins exhibited significant price movements. The scenario observed in global cryptocurrency exchanges revealed that macroeconomic data and political statements directly influenced market perception.
Bitcoin’s Two-Month High
Throughout the weekend, Bitcoin’s price remained stagnant below the $91,000 level but began to rise at the start of the week. On Monday, the $92,000 region was tested several times, but the real impetus came on Tuesday with the release of U.S. consumer inflation data. The figures, which came in below expectations, amplified risk appetite towards assets, enabling Bitcoin to regain momentum.
Following the macroeconomic data, a speech by U.S. President Donald Trump, which resonated widely across markets, emerged as another factor accelerating the ascent. Within hours, Bitcoin recorded a value increase of approximately $4,000, testing $96,500 across numerous exchanges, marking its highest level in two months. Despite a slight pullback, the price stabilized around $95,000.
This movement nearly brought Bitcoin’s market capitalization to $1.9 trillion, maintaining its share within the overall crypto market at 56.9%. The preservation of this dominance indicated that the rise was backed not merely by speculative interest but by broad-based demand growth.
Strong Rally in Altcoins
The surge initiated by Bitcoin quickly spread to the altcoin market. Ethereum, which had dropped below $3,100 a few days earlier, jumped over 6% to surpass $3,300. Other large-cap altcoins followed suit, with XRP approaching $2.15, BNB climbing to $940, and Solana rising to $144.
More notable were the movements within mid-sized projects. Cardano’s ADA surged over 8%, reaching $0.42. Stellar rose by 9% to hit $0.24, while Chainlink and Dogecoin experienced increases ranging between 6–7%. These price actions highlighted a marked increase in investor risk appetite.
Some smaller-cap assets witnessed double-digit gains. Notably, IP coin soared by 28%, while PEPE and ICP rose by 14% each. Projects like PUMP, ENA, and ARB also saw increases exceeding 10%. As a result of all this activity, the total value of the global cryptocurrency market soared to $3.33 trillion.
