Get ready, crypto enthusiasts, because it's time to celebrate some serious upward momentum! The larger-cap alts are having a field day, with SOL, LINK, ADA, UNI, and ETH leading the charge in the gains department.
Let's talk about Bitcoin, the star of the crypto universe. It kicked off the week with a bang, reaching a dazzling new multi-month high of $69,500. Everyone was on the edge of their seats, hoping it would cross that magical $70,000 threshold. But alas, Bitcoin decided to take a breather.
In the altcoin arena, things are looking pretty green. Thanks to some impressive performances, the total crypto market cap is flirting with the $2.5 trillion mark—a first since July!
Last week was quite the rollercoaster for Bitcoin. It started with a rocket-like surge from $62,400 to $66,400, thanks to a fierce battle between the bulls and the bears. Spoiler alert: the bulls came out victorious, pushing Bitcoin further north. By Friday, it had reached $69,000—a level unseen since late July.
The weekend was a bit of a chill zone, with Bitcoin hanging out around $68,500. But come Monday, it was back on the offensive, peaking at $69,500 during the Asian trading hours. Unfortunately, it couldn't break past that peak, and a slight rejection brought it down a notch. Still, Bitcoin's market cap is holding strong above $1.350 trillion, although its dominance over altcoins has taken a bit of a hit.
In other exciting news, ApeCoin's APE stole the spotlight with a triple-digit daily surge, reaching a six-month high of $1.7 before settling around $1.5. This came after some buzzworthy developments from the team.
The day wasn't just about Bitcoin and APE, though. ETH strutted its stuff past $2,700 with a 3% bump, and BCH, LINK, UNI, and ADA weren't far behind with their own respectable jumps. But the real showstopper was SOL, shining bright as today's top performer among the larger-cap alts.
All these positive vibes have added a cool $35 billion to the total crypto market cap overnight. The big number? We're closing in on $2.5 trillion—a milestone we haven't seen in about three months. Now that's what I call a crypto comeback!
