Crypto Market Surges 47% as Bitcoin Holds Above $102,500

The crypto market has shown significant strength, with most cryptocurrencies maintaining their gains, indicating a potential upswing in the coming days. The market sentiment has surged rapidly following Bitcoin's sustained position above the crucial resistance level of $102,500, suggesting that a new all-time high (ATH) is imminent.

Bitcoin's price remained elevated throughout the weekend, reaching local highs above $105,000 after holding above the $102,500 support level. Ethereum's price surged above $2,500, while XRP faced a pullback from $2.84 to $2.40. Cardano prices held above $0.80, Solana experienced a slight decline after reaching highs above $180, and Litecoin reclaimed the three-digit figure. BinanceCoin's price reached above $657, and Tron's price traded above $0.26.

Despite the bullish start to the week, bears attempted to initiate a correction phase. However, the biggest gainers included Pi with over a 47% jump, followed by Dogwifhat with a 30% rise, Kaspa with 18.5%, and Four with over 14%. Memecoins such as FLOKI, Pepe, Fartcoin, and SPX6900 also experienced a decent rise.

In the past 24 hours, the loss margin was much lower than the gains, with altcoins attracting minimal bearish action. Tokens such as Arbitrum and Flare saw a more than 3% jump. Altcoins like Theta Network, Lido DAO, Optimism, POL, Near Protocol, Helium, and a few others faced marginal losses below 3%. These losses are expected to recover in the next few hours, potentially pushing the markets back under bullish influence.

The crypto market sentiments have turned bullish, with the indicator rising to 73, suggesting that retail investors have become greedy. Bullish sentiments on Pi and Kaspa have risen over 90%, followed by Filecoin, Cardano, and Ethereum. The market's optimism has been further bolstered by easing global trade tensions and the anticipation of the upcoming CPI release.

Bitcoin, the flagship cryptocurrency, has been consolidating near the $104,000 mark, having reclaimed the $100,000 level for the first time since February 2025. This consolidation comes as Bitcoin inches closer to a new record high above $109,000, with market optimism rising. Ethereum, another major cryptocurrency, has also seen significant movement, with its price surging near $2,500 amid the weekend rally. Altcoins have also soared, with Dogecoin leading the charge.

The Pi Network has emerged as a standout performer, with its price analysis suggesting a bullish trend reversal. Despite a short-term drop, new highs are likely on the horizon for the Pi Network. Today, Moo Deng experienced a remarkable price increase of 106.50%, making it the top gainer of the day. Bitcoin saw a modest increase of 0.10% in the last 24 hours, while Ethereum experienced a slight dip of 2.32%.

The overall market cap has risen, reflecting the bullish sentiment and the increasing interest in cryptocurrencies. As the market continues to consolidate and prepare for potential new highs, investors are advised to stay vigilant and monitor the developments closely.