The cryptocurrency market saw a major rally on Monday as Bitcoin surged above $115,000, gaining more than 2% in 24 hours to trade at $115,423 at 12:00 WAT.
Ethereum led the altcoin rally, climbing 6.77% to $4,196, while other major tokens, including BNB, XRP, Solana, Dogecoin, Tron, Cardano, and Hyperliquid, recorded gains of up to 11% during the same period.
The global cryptocurrency market value jumped 3.72% to $3.89 trillion, driven by renewed investor confidence and increased trading activity. Analysts linked the Bitcoin surges above $115,000 movement to easing U.S.-China trade tensions and growing expectations of a Federal Reserve rate cut this Wednesday.
As Bitcoin approaches the $120,000 mark, traders are watching closely for the upcoming U.S. Consumer Price Index (CPI) report. Hyperliquid posted the largest 24-hour jump at 10.51%, followed by Dogecoin, which rose 5.77%. These fluctuations reflect traders’ appetite for short-term gains and diversification into alternative digital assets.
Weekly performance also showed strong growth. Bitcoin** gained 4.70%, while Ethereum rose 4.25%. Other major tokens such as BNB, XRP, Solana, Dogecoin, Cardano, and Hyperliquid saw weekly increases of up to 26%, signaling broad market strength.
However, Tron fell 6.15%, becoming the only major token to decline in the past seven days.
