Bitcoin’s rally has reignited momentum across the digital asset market, with the world’s largest cryptocurrency climbing to around $115,300 and helping lift the total crypto market capitalization to $4 trillion, up 1.46% on the day.
According to market data, Bitcoin’s market cap now stands at $2.29 trillion, accounting for more than half of the entire sector’s valuation. Trading volume over the past 24 hours exceeded $52 billion, underscoring renewed investor activity.
Technical Indicators Show Bullish Signs
On the charts, Bitcoin has pushed firmly above the $115,000 level after consolidating in recent weeks. The price tested a high near $115,650, while the Relative Strength Index (RSI) is hovering just below the overbought zone at 64, signaling continued strength but leaving room for possible pullbacks.
The hourly price action suggests Bitcoin has regained bullish momentum after bouncing from lows around $112,000 earlier this month. Analysts point to resistance near $118,000, while support remains around $112,000–113,000.
Market Outlook
The latest move reinforces Bitcoin’s position as the primary driver of market sentiment. With altcoins lagging behind, traders are closely watching whether Bitcoin can break higher toward $120,000, which could spark further inflows into the broader crypto market.
Despite short-term volatility, Bitcoin’s dominance above 50% signals strong investor preference for the asset, particularly during periods of heightened uncertainty. If momentum continues, analysts suggest a push toward the $123,000–125,000 range may be the next target for bulls.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-surges-past-115000-as-crypto-market-cap-hits-4-trillion/