Last weekend, Bitcoin successfully surpassed the $97,000 level amidst a relatively calm market scenario. Currently, the cryptocurrency is trading at $96,195.02, representing a 0.5% increase in the last 24 hours. Notably, altcoins have also experienced a significant recovery. Among them, Binance Coin (BNB) stands out with an impressive surge, leading the appreciation alongside other cryptocurrencies like SOL, AVAX, and SUI.
Bitcoin faced a tumultuous period previously due to trade tariff announcements made by the former US president, impacting countries such as China, Canada, and Mexico. As a result, Bitcoin experienced a sharp decline, dropping from $106,000 to $97,000 over a single weekend.
At the beginning of the subsequent week, Bitcoin’s value continued to decline, briefly dipping below $92,000, which marked its lowest point in weeks. However, investors refused to accept further decreases, and robust buying activity drove the price up to $102,000 before experiencing a subsequent correction, bringing the asset back to the five-figure range.
Meanwhile, Binance Coin (BNB) has displayed remarkable growth, surging over 10% in the past 24 hours and reaching a multi-day high of $645. This surge demonstrates the strength of BNB in the current market.
In addition to BNB, other altcoins have also shown noteworthy recoveries. Ethereum has surpassed the $2,650 milestone with a 2% increase, while XRP is approaching $2.50 with a 3.5% surge. DOGE, LINK, ADA, and XLM have also experienced similar increases. Cryptocurrencies such as Solana, Avalanche, SUI, HBAR, and SHIB have witnessed even more substantial gains.
Other notable market highlights include FLOKI, which has advanced by 14%, IMX with a 13% increase, FET with a 12% surge, TIA with an 11% rise, and RENDER, which also experienced a 10% increase. As a result, the total value of the cryptocurrency market has increased by approximately $80 billion, surpassing the $3.3 trillion mark.
Binance Coin Surges, Bitcoin Tests $97K Before Pulling Back