Bitcoin News Today: Bitcoin Surges 6.6% to $118,402, Ethereum Gains 20.4%

Bitcoin, Ethereum, and XRP have been at the forefront of the cryptocurrency market's recent growth, demonstrating significant price increases and attracting substantial investor interest. Bitcoin's price has surged to $118,402, marking a 6.6% increase over the past week and a 0.7% rise in the last 24 hours. This performance underscores Bitcoin's dominant position in the market.

Ethereum has also shown impressive growth, with its price reaching $3,342.71. The cryptocurrency has seen a 7.2% increase in the past 24 hours and a 20.4% rise over the past week. Ethereum's consistent growth reflects the increasing confidence of both retail and institutional investors in its long-term prospects, particularly in the decentralized finance (DeFi) industry.

XRP has also made significant strides, reaching $3.05 with a 26.1% increase over the past week. Despite facing regulatory challenges, XRP's potential in global payments continues to attract investors, positioning it as a viable alternative to traditional financial systems.

In addition to the major cryptocurrencies, several altcoins have experienced notable surges. Ani Grok Companion (ANI) saw a 145.9% increase in its price to $0.06652. Assemble AI (ASM) and Manyu (MANYU) also posted significant gains, with increases of 37.6% and 50.9%, respectively. Haedal Protocol (HAEDAL) and Derive (DRV) have also caught the market's attention, with growth rates of 37.9% and 30.5% in the last 24 hours. These altcoins represent a new wave of projects capturing the interest of risk-tolerant investors, further diversifying the crypto market.

The recent market growth has been driven by a combination of factors, including increased investor interest, institutional flows, and the growing adoption of cryptocurrencies. The surge in Ethereum's price has been particularly notable, as it has surpassed Bitcoin in global perpetual contract trading volume, achieving a significant milestone in the cryptocurrency market. This has been accompanied by a broader market rebound, with Bitcoin holding steady at $118,000 and other altcoins showing signs of recovery. The growing interest in altcoins has been driven by a combination of factors, including increased investor interest, institutional flows, and the growing adoption of cryptocurrencies. The recent surge in Ethereum's price has been accompanied by a broader market rally, with other altcoins such as XRP and SEI showing signs of recovery. This has been driven by a combination of factors, including increased investor interest, institutional flows, and the growing adoption of cryptocurrencies.