Bitcoin Surges Above $111K as Crypto Market Cap Nears $3.8 Trillion
The price of Bitcoin has climbed above $111 000 for the first time in weeks, gaining over $5 000 in the past 24 hours. The rally comes amid a broader recovery across the cryptocurrency market, with total capitalization rising 4.2 % to reach $3.78 trillion, according to market data.
Ethereum and Altcoins Follow the Upswing
Ethereum (ETH) also saw strong gains, jumping nearly 5 % to surpass the $4 000 mark. Most of the top-100 altcoins posted positive movement, reflecting renewed optimism among traders. The standout performer of the day was Synthetix (SNX), whose price surged by roughly 20 %, making it the fastest-growing large-cap token of the session.Analysts attribute the rise to improving macro sentiment, a rebound in institutional inflows, and renewed retail interest following recent market corrections. However, not all metrics point to full recovery — net outflows from U.S.-based Bitcoin ETFs totaled $1.23 billion over the same period, highlighting lingering caution among large investors.
Investor Sentiment Still Divided
Despite the rally, the Crypto Fear & Greed Index remains in the “fear” zone, signaling that traders remain wary of a potential pullback. Market analysts note that while price action has improved, macroeconomic uncertainty and monetary policy expectations continue to shape risk sentiment across digital assets.Broader Market Context
The ongoing trade tension between the U.S. and China, combined with inflationary concerns, has pushed investors toward both traditional hedges like gold and digital stores of value such as Bitcoin. The current uptick may reflect a temporary reallocation of capital as investors rebalance portfolios heading into the next quarter.Conclusion
Bitcoin’s recovery above $111 000 marks a psychological boost for the market, signaling renewed confidence after weeks of consolidation. With Ethereum regaining strength and altcoins following suit, traders are watching whether this surge can sustain momentum or merely represents a short-term reaction to oversold conditions.Editorial Team — CoinBotLab