Yeliz Akmaca 
The crypto market saw remarkable gains in the past 24 hours. Zcash (ZEC) surged 60% in a single day, while Bitcoin (BTC) reached a seven-week high. Other altcoins also benefited from this momentum.
Bitcoin Nears $119,000
Bitcoin has excited investors with strong performance since the start of the week. BTC surpassed $119,000 for the first time since mid-August. After a brief correction, the coin continued its upward trend. This movement signals that the recent downward pressure in the crypto market has faded.
Over the weekend, BTC traded sideways but surged to $115,000 on Monday. Despite a short pullback, bulls pushed the price higher again. Today, BTC climbed to $119,500, marking its highest level since August 15.
Significant Gains Among Altcoins
Altcoins also experienced notable upward trends. Ethereum briefly exceeded $4,400, while XRP approached $3. Dogecoin and Hyperliquid gained around 6%. LTC jumped 10% to $120, and CRO rose 12% to surpass $0.22.
Zcash gained over 60% in 24 hours, with weekly growth exceeding 140%.
- LTC: 10% rise to $120
- CRO: 12% rise to $0.22
- Dogecoin and Hyperliquid: 6% increase
These gains indicate strong investor interest across major altcoins.
Overall Market Activity
The total crypto market capitalization increased by more than $200 billion since Monday, reaching $4.175 trillion. BTC dominance stands at 56.7%. This surge has created a positive market sentiment for both large and medium-scale investors.
Analysts suggest that the momentum could continue in the short term, potentially driving double-digit gains for some altcoins. Investors are closely monitoring the rapid market movements.
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