Bitcoin’s price climbed back above $35,000, a key psychological threshold it has struggled to firmly break past recently. The renewed momentum helped lift the overall crypto market. Ethereum’s native token Ether tapped $1,900, while Binance Coin gained nearly 4%. Large altcoins broadly posted gains.
Smaller altcoins saw even stronger growth, with MultiversX skyrocketing 46% and ImmutableX surging 25%. The robust altcoin performance indicates traders’ appetite for higher-risk tokens. Bitcoin dominance declined slightly as investors diversified into altcoins.
The positive market moves follow recent volatility and provide a brief respite. However, sustaining the upward momentum remains an open question. Bitcoin holding above $35,000 and ether above $1,900 could signal growing stability and attract additional capital. Continued altcoin strength would further support the bullish case.
