Bitcoin Rebounds, Altcoins Explode: Weekly Gains Push Market Cap Past $4 Trillion Bitcoin ended the week nearly 5% higher, pushing its market cap back above $2.3 trillion while several high-cap altcoins saw significant double-digit gains. Crypto Market Rebounds After Bearish Stretch After nearly two weeks of a bearish sentiment, the crypto economy rebounded, closing the week with a market capitalization of just under $4.17 trillion. Bitcoin (BTC) ended the seven-day period on Sept. 13 with a gain of nearly 5%, pushing its market capitalization back above $2.3 trillion. According to Bistamp data, BTC peaked at $116,805 on Sept. 12 before settling in the $115,000 to $116,000 range. A Bitcoin.com News report indicated that BTC’s technical structure was still bullish, suggesting that a breach of the $117,000 resistance could open a path to $120,000 in the short term. However, the report also warned that if BTC fell below $114,770, a retreat to $113,500 could be triggered. While bitcoin’s dominance fueled the overall performance of the crypto economy, the top two altcoins—ethereum ( ETH) and XRP—posted even stronger gains, rising 8.2% and 10.8%, respectively. After spending much of September struggling to break the $4,600 mark, ETH surged to a peak of $4,768—the first time it had traded above $4,750 since Aug. 25. XRP, which had traded below $3 until Sept. 9, briefly rose to $3.18—its highest level in more than three weeks—before declining to $3.10. It was one of more than eight high-cap altcoins that closed the week with double-digit gains. Other altcoins posting similar gains during the period included SOL, up 17.5%; DOGE, 35.7%; ADA, 12.4%; LINK, 10.8%; HYPE, 18.8%; SUI, 12.6%; and XLM, 12.8%. BNB Hits New All-Time High BNB also had a milestone-setting day on Sept. 13, notching another all-time high of $942 and bringing its gain over a twelve-month period to more than 60%. Some pro- BNB analysts now say it’s only a matter of time before it breaches the $1,000 mark. The period’s biggest gainers were ERN, which rose by more than 2,100%, and MXY, the native token of the controversy-hit decentralized exchange MXY Finance, which closed 902% higher. The losing side was led by FORM, which dropped by 28.5%, followed by GEMS at 22.8% and REX at 22.2%. The centralized crypto exchange token dubbed huobi (HT) was notable as the top altcoin with double-digit losses.
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Bitcoin Rebounds, Altcoins Explode: Weekly Gains Push Market Cap Past $4 Trillion

Bitcoin ended the week nearly 5% higher, pushing its market cap back above $2.3 trillion while several high-cap altcoins saw significant double-digit gains.

Crypto Market Rebounds After Bearish Stretch

After nearly two weeks of a bearish sentiment, the crypto economy rebounded, closing the week with a market capitalization of just under $4.17 trillion. Bitcoin (BTC) ended the seven-day period on Sept. 13 with a gain of nearly 5%, pushing its market capitalization back above $2.3 trillion. According to Bistamp data, BTC peaked at $116,805 on Sept. 12 before settling in the $115,000 to $116,000 range.

A Bitcoin.com News report indicated that BTC’s technical structure was still bullish, suggesting that a breach of the $117,000 resistance could open a path to $120,000 in the short term. However, the report also warned that if BTC fell below $114,770, a retreat to $113,500 could be triggered.

While bitcoin’s dominance fueled the overall performance of the crypto economy, the top two altcoins—ethereum ( ETH) and XRP—posted even stronger gains, rising 8.2% and 10.8%, respectively. After spending much of September struggling to break the $4,600 mark, ETH surged to a peak of $4,768—the first time it had traded above $4,750 since Aug. 25.

XRP, which had traded below $3 until Sept. 9, briefly rose to $3.18—its highest level in more than three weeks—before declining to $3.10. It was one of more than eight high-cap altcoins that closed the week with double-digit gains. Other altcoins posting similar gains during the period included SOL, up 17.5%; DOGE, 35.7%; ADA, 12.4%; LINK, 10.8%; HYPE, 18.8%; SUI, 12.6%; and XLM, 12.8%.

BNB Hits New All-Time High

BNB also had a milestone-setting day on Sept. 13, notching another all-time high of $942 and bringing its gain over a twelve-month period to more than 60%. Some pro- BNB analysts now say it’s only a matter of time before it breaches the $1,000 mark.

The period’s biggest gainers were ERN, which rose by more than 2,100%, and MXY, the native token of the controversy-hit decentralized exchange MXY Finance, which closed 902% higher. The losing side was led by FORM, which dropped by 28.5%, followed by GEMS at 22.8% and REX at 22.2%. The centralized crypto exchange token dubbed huobi (HT) was notable as the top altcoin with double-digit losses.