Bitcoin strongly recovers to 114,000 USD, HASH, ENA, XLM lead the altcoin market analysis.

This week, the cryptocurrency market experienced significant fluctuations. Bitcoin (BTC) saw a strong rebound after hitting a low over the weekend, successfully recovering the $114,000 mark today (4). Meanwhile, most mainstream alts also welcomed significant increases after a brief pullback, with some tokens even recording double-digit pumps, indicating a clear improvement in market sentiment.

Bitcoin fluctuates and rebounds, target price aims at 115,000 USD

(Source: Trading View)

The price of Bitcoin has gradually rebounded since Sunday, continuing to rise over the next few hours, and is currently stabilizing above $114,000. Looking back at the past week, BTC had spent a long time hovering in the range of $117,000 to $119,000. After the latest interest rate decision from the Federal Reserve was announced, the market experienced short-term fluctuations, and subsequently, influenced by geopolitical and macro news, BTC fell below $112,000 on Saturday night, marking a new low in two weeks.

However, the bulls actively supported at the low point, successfully preventing further collapse. BTC then embarked on a rebound, soaring to 115,000 USD in the early morning session today. Although it faced some resistance, the overall trend has turned optimistic. Currently, BTC's market capitalization has risen to 2.28 trillion USD, with a market share stabilizing at 60%. As macro variables increase this week, volatility is expected to continue to escalate.

Alts collectively rebound, HASH, ENA, XLM lead the surge

Recently, the pullback of alts has generally been greater than BTC, especially Ethereum (ETH), which has fallen from a high of $3,900 to $3,400. However, as the market warms up, ETH has risen 3% in a single day and is now back above $3,550.

XRP earlier fell below the 3 dollar support level, hitting a low of 2.72 dollars, and then quickly rebounded, currently re-testing the 3 dollar mark. Major altcoins such as BNB, SOL, TRX, DOGE, ADA, SUI, and LINK have also shown significant recovery.

It is worth noting that XLM leads mainstream altcoins with a daily pump of 9.5%, currently reported above 0.41 USD. ENA and HASH also recorded double-digit gains, becoming the star coins of this round of rebound.

Market capitalization recovers, capital inflow is evident

(Source: QuantifyCrypto)

Benefiting from the synchronized rebound of BTC and alts, the total market capitalization of Crypto Assets has increased by 60 billion dollars since yesterday, reaching 3.8 trillion dollars on CG. This influx of funds not only reflects the recovery of investor confidence but also provides strong support for the subsequent market trend.

Market Outlook: Fluctuation may intensify, focus on macro factors

Despite the current market sentiment turning optimistic, with frequent macroeconomic and geopolitical events this week, the volatility of the crypto market is expected to further increase. Investors should closely monitor global policy dynamics and capital flows to seize trading opportunities in mainstream coins and popular alts, while also ensuring proper risk management.

Conclusion

BTC made a strong rebound after hitting the bottom over the weekend, driving a collective rise in alts, and market sentiment has clearly improved. In the coming days, macro variables will continue to dominate market trends, and investors are advised to remain cautious and respond flexibly to market fluctuations.