Bitcoin News Today: Bitcoin rebounds to 10-day high as crypto market stabilizes above $4 trillion

Generated by AI AgentCoin World
Sunday, Aug 10, 2025 5:21 am ET1min read
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Aime RobotAime Summary

- Bitcoin rebounds to 10-day high near $118,500, signaling renewed market confidence after a geopolitical-driven dip to $112,000 earlier this month.

- Chainlink (LINK) surges 7% above $22, driven by whale activity, higher volumes, and a new reserve system, boosting broader crypto optimism.

- Total crypto market cap stabilizes above $4 trillion, with Bitcoin dominating 58.4% and Ethereum hitting a $4,200 peak since late 2021.

- Analysts warn of ongoing risks from economic uncertainties and regulatory shifts, emphasizing the need to monitor on-chain activity and key resistance levels.

Bitcoin (BTC) climbed to a 10-day high during the weekend, reaching nearly $118,500, signaling renewed investor confidence in the cryptocurrency market. The upward trend followed a brief dip to a multi-week low of $112,000 early in the month, which analysts attributed to ongoing geopolitical tensions. Despite some initial resistance near $117,000, the asset managed to break through and continue its recovery. As of the latest data, BTC has retained a small intraday gain and now commands a market capitalization of $2.355 trillion, according to CoinGecko. Its dominance over other cryptocurrencies has also slightly increased to 58.4% [1].

Chainlink (LINK), a prominent mid-cap altcoin, was one of the standout performers over the weekend, surging approximately 7% to trade above $22. The rally has been linked to increased whale activity, higher trading volumes, and the launch of a new reserve system, all of which have fueled

bullish
expectations among investors [5]. The altcoin’s performance underscores growing
optimism
in the broader crypto market, despite mixed sentiment toward other major tokens such as
XRP
,
BNB
, SOL, and
ADA
, which have seen slight declines following recent gains.

The overall cryptocurrency market has shown resilience, with the total market cap remaining above $4 trillion. This is $200 billion higher than the recent low observed on Thursday, suggesting that the market is stabilizing after a period of volatility.

Ethereum
(ETH), which reached a price above $4,200—its highest since late 2021—has managed to hold its position despite some pullback in the broader altcoin space [1].

Analysts have highlighted the importance of monitoring on-chain activity and whale movements as potential indicators of further bullish or bearish trends. While Bitcoin’s recovery is encouraging, the market remains sensitive to external economic uncertainties and regulatory updates. The path to sustained growth will depend on how well key resistance levels are held and whether the current momentum can be maintained.

Source: [1] CoinMarketCap – [https://coinmarketcap.com/community/articles/689861e34aa6a72cbd7c7444/](https://coinmarketcap.com/community/articles/689861e34aa6a72cbd7c7444/)

[5] Coinpedia – [https://coinpedia.org/news/why-is-chainlink-link-price-up-today/](https://coinpedia.org/news/why-is-chainlink-link-price-up-today/)