Bitcoin breaks $118,000 as altcoins rally
The cryptocurrency market showed broad strength this week as Bitcoin topped $118,000 and several altcoins recorded significant weekly increases.
Bitcoin surged to $118,245 early today, marking a 1.1% increase over 24 hours and an 8.7% rise over the past week. Both institutional and retail investors have maintained a strong interest, supporting Bitcoin’s steady upward trend.
Ethereum followed closely, trading near $3,160 with a 5.9% daily gain and a 20.1% weekly increase. Network activity and capital inflows contributed to Ethereum’s robust performance.
XRP stood out with a 26% weekly gain, reaching $2.93 amid high trading volumes exceeding $6 billion in 24 hours.
Other notable altcoins such as Cardano, Dogecoin, and Solana also posted solid weekly gains between 6.8% and 25.2%. Meanwhile, TRON showed steady growth, supported by consistent trading activity. The Lido Staked Ether token mirrored Ethereum’s rise, reflecting growing demand for liquid staking.
Among smaller tokens, Seraph led daily gains with a 53.3% increase, followed closely by Mamo and Renzo. The market showed broad strength, with major cryptocurrencies driving renewed investor confidence and speculative interest.
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