The cryptocurrency market experienced a broad recovery over the past 24 hours, led by Bitcoin's resurgence above the $76,000 mark. The leading cryptocurrency, which had faced volatility due to geopolitical tensions in the Middle East, saw its price climb to around $76,400, marking a 2% daily increase and an 11% rise over two weeks.
This rebound was significantly bolstered by a major institutional purchase from MicroStrategy. The company, founded by Michael Saylor, announced it had acquired an additional 34,164 BTC for over $2.5 billion, bringing its total holdings to a staggering 815,061 BTC. Following this move, Bitcoin's market capitalization spiked above $1.5 trillion, with its dominance over altcoins standing at approximately 57.4%.
The altcoin market followed suit, with Stellar (XLM) leading the charge with a 7% surge to a monthly peak of $0.18. Other notable performers included Toncoin (TON) and Mantle (MNT), which posted gains of around 5-6%. Major assets like Ethereum (ETH) and Solana (SOL) saw more modest increases of 1-2%. The total cryptocurrency market capitalization rose by 2% to approximately $2.6 trillion, signaling a wider market recovery phase amid optimistic macroeconomic conditions.
