Bitcoin Price Eyes $119K, Ethereum Surges to 5-Month Peak: Market Watch
2025-07-16 09:22:06
Main Idea
Bitcoin experienced a correction but rebounded to near $119,000, while Ethereum and several altcoins saw significant gains, leading to a shift in market dominance.
Key Points
1. Bitcoin dropped below $116,000 but recovered to nearly $119,000, with a market capitalization of $2.360 trillion.
2. Ethereum surged by over 6%, reaching over $3,150 for the first time in five months.
3. Altcoins like LINK, SHIB, TON, PEPE, AAVE, and TAO also posted significant gains.
4. Bitcoin's dominance over altcoins decreased to 61.7% as altcoins outperformed BTC.
5. The total cryptocurrency market cap recovered roughly $100 billion, reaching $3.830 trillion.
Description
Bitcoin’s somewhat expected correction drove the asset to under $116,000 yesterday, but it has managed to bounce off and now sits close to $119,000. Many altcoins have posted impressive gains over the past day, led by Ethereum’s 6% surge to a five-month high. BTC Eyes $119K The primary cryptocurrency’s historic ascent began last Wednesday. At the time, it was confined in a tight range with an upper boundary of $110,000, which managed to contain the asset during a few breakout attempts. However, ...
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