finnews.id - The global cryptocurrency market has once again captured attention with dramatic price swings and renewed investor optimism.
In this latest crypto market update , Ethereum has stolen the spotlight, surging by more than 13% in just 24 hours, while Bitcoin continues to consolidate near the $116,000 mark.
The rally has sparked discussions across trading desks and among analysts, with many asking the critical question: is this the beginning of another altcoin-driven bull cycle?
Bitcoin Holds Ground at $116K
Bitcoin remains the anchor of the digital asset ecosystem, commanding a market cap of over $2.3 trillion.
Currently trading at $116,955 , BTC posted a 3.94% gain in the last 24 hours , though weekly performance shows a slight dip of 0.41%.
The short-term volatility has done little to shake Bitcoin’s position as the market leader.
Despite being relatively stable compared to its peers, Bitcoin’s price action signals investor caution.
Analysts point to strong support zones around the $115,000–$116,000 range, with resistance forming closer to $120,000.
According to market watchers, Bitcoin’s ability to hold this level provides a foundation for altcoins to flourish.
As highlighted by CoinTelegraph, Bitcoin dominance has slightly declined in recent weeks, allowing alternative assets to gain momentum.
Ethereum Surges Past $4,800
The real star of this week’s rally is Ethereum (ETH) . With a price jump of 13.85% in a single day ,
Ethereum climbed to $4,833 , delivering a 9% increase over the past week.
The surge has been fueled by renewed interest in Ethereum’s network upgrades, strong institutional adoption, and the steady rise of decentralized applications (dApps).
Reports from The Block suggest that institutional demand is flowing back into Ethereum-based products, with ETH staking and layer-2 solutions adding to the bullish narrative.
Additionally, Ethereum’s role as the backbone for DeFi and NFT ecosystems continues to attract developers and investors alike.
