Cryptocurrency surged on Monday with Bitcoin climbing more than 2 per cent in the past 24 hours to trade at $115,423 around 12:00 WAT.
Ethereum led the altcoin gain, climbing 6.77% to $4,196, while other top tokens, including BNB, XRP, Solana, Dogecoin, Tron, Cardano, and Hyperliquid, recorded up to an 11% increase over the same period.
Overall global crypto market capitalisation rose 3.72% to $3.89 trillion, reflecting renewed confidence and increased trading activity.
The recent upswing in BTC price is likely fueled by market expectations of a Federal Reserve rate cut anticipated this Wednesday and positive developments in the ongoing U.S.-China trade tensions.
Traders are now watching closely as it approaches the $120,000 mark, with anticipation also building ahead of the upcoming U.S. Consumer Price Index (CPI) release.
Hyperliquid recorded the sharpest 24-hour surge, jumping 10.51%, followed by Dogecoin, which gained 5.77%. These movements underscore growing interest in alternative digital assets as traders seek diversification and short-term momentum plays.
Looking at the weekly performance, Bitcoin rose 4.70%, while Ethereum gained 4.25%. Other major tokens — including BNB, XRP, Solana, Dogecoin, Cardano, and Hyperliquid posted weekly gains of up to 26%, highlighting the strength of the broader market rally. In contrast, Tron slipped 6.15%, making it the only major token to decline over the past seven days.
