Bitcoin Reaches New Highs, Altcoins Surge as HYPE & PI Lead the Charge

Bitcoin’s price surged towards its upper boundary of the recent consolidation range, but a pullback has occurred before stabilizing around $95,000. 24-hour trading activity for altcoins sees most remaining flat, except for HYPE and PI, which have experienced significant gains. While Bitcoin’s value has rebounded from lows under $75,000 after a sharp decline last week, it remains trapped in a tight range between $93,000 and $95,000. 24-hour volatility saw price drop to the lower boundary before regaining support and trading near $95,000. This lack of substantial movement has sparked speculation about Bitcoin’s imminent breakout. Meanwhile, market cap remains close to $1.89 trillion, with dominance over altcoins exceeding 61% according to CoinGecko. HYPE is up 8.5% to $20, and PI has also seen a notable gain of 5%, while virtual markets have shown impressive gains with a surge in price for various coins like CRV and FARTCOIN. The total cryptocurrency market cap has risen by over $25 billion since yesterday and stands at $3.075 trillion according to QuantifyCrypto.