Bitcoin recovered to $77.5K (21% weekly gain), Ethereum rose 2% to $2,450, and Zcash neared $900 as total crypto market cap increased $30B to $2.68T.
Macro & Markets ·
Bitcoin recovered to approximately $77,500 after dipping to $75,500, representing a 21% weekly gain since the prior Monday, according to CryptoPotato. Ethereum advanced 2% to over $2,450, while Zcash approached $900—a level not seen in nearly a decade. The broader market added roughly $30 billion in capitalization, reaching $2.680 trillion.
Mid-cap altcoins registered more substantial gains than the largest assets, with tokens including CC, TAO, SKY, CRO, AAVE, MNT, and MORPHO posting double-digit increases. PENGU returned to the top 100 by market cap following a 20% daily surge. Conversely, ENA, PUMP, and XMR declined, with ENA dropping more than 8%.
Bitcoin's dominance over altcoins edged lower and stood just below 58%, while the asset's market cap climbed to $1.555 trillion. The recovery followed a weekend correction that had been attributed to a major short position buildup, but the upward pressure resumed earlier in the week.