The crypto market soared over the weekend and added over $33 billion within a short span of 6-hours.
BTC price retested the $111,000 level while a couple of altcoins led the weekly gains including privacy coins Dash and Zcash each posting weekly gains of 30% and above.
In a tweet, Crypto Rover noted that the move unfolded during an unusually calm trading window.
The analyst explained that weekend sessions often magnified even modest buying or selling, especially when traditional financial markets remained closed.
Crypto Market Cap Adds $33 Billion Led By HBAR, ICP & Bittensor
Besides BTC price rally to $111,000, several other cryptocurrencies also drove the $33 billion expansion in the crypto market cap, ZKsync, Dash, VIRTUAL, Zcash, Official Trump and Bittensor posted remarkable gains of 109.55%, 88.69%, 34%, 25.71%, 23%, and 19% respectively.
Ethereum and a number of major altcoins followed closely, recording substantial gains of their own. Several factors appeared to explain the sudden surge in the crypto market.
First, Bitcoin’s strong performance continued to draw in fresh capital. Meanwhile, several investors reportedly viewed it as a safer starting point before diversifying into other digital assets.
BTC Price Retests $111,000 As Hashrate Explodes
Bitcoin climbed past the $111,000 mark for the first time earlier today, setting a new record as institutional capital and several other positive forces lifted the market to fresh highs.
As of Sunday, the cryptocurrency was holding firm near its peak, trading up 1% at $111,387, according to data from CoinMarketCap.
This latest rally was driven largely by corporate treasury accumulation from firms such as Strategy, Metaplanet, and Twenty One Capital.
Unlike the past bull markets, the weekend surge seems to have drawn its strength from institutional and long-term investors instead of short-term retail traders.
Meanwhile, the mining hashrate for Bitcoin skyrocketed over the last few months and recently broke past 1 zettahash per second.
This is the second time that Bitcoin has broken this record thanks to a combination of rising network usage and increasing capital inflows.
2025 Capitulation in October, Rally in November
Altcoin Gordon, a leading crypto market analyst, made a spotlight of a fascinating cyclical pattern in the altcoin market.
His latest chart comparison between 2024 and 2025 suggests a potential replay of last year’s structure, where deep capitulation in October set the stage for a powerful November rally.
On the left side, the 2024 chart shows how the Crypto Total Market Cap (excluding the top 10) moved within a clearly defined accumulation range for several months.
Each dip toward the lower boundary of that range represented quiet buying, a slow build-up before the storm.
Then, as October’s capitulation shook out weak hands, the market found its footing precisely at the lower trendline.
Price action is compressed, sentiment subdued, and yet structurally, it mirrors the same pre-breakout positioning seen a year earlier.
If history repeats itself, October’s weakness could once again mark the turning point, paving the way for renewed momentum as November unfolds.
Markets rarely repeat perfectly, but as Gordon puts it, “Cartels love to repeat the same thing over and over again.”
That remark captures the essence of how smart money often engineers similar liquidity traps before the next expansion phase.