Bitcoin Soars Above $107K: HYPE Steals the Show with New ATH

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Bitcoin‘s steady climb post the Friday crash continued in the past 24 hours, reaching a new milestone above $107,000 for the first time since the Israel-Iran attacks began.

While many altcoins have seen impressive gains, HYPE has once again stolen the spotlight with another new all-time high.

BTC Back to $107K

The week started on a positive note for the primary cryptocurrency, which surpassed $110,000 multiple times from Monday to Wednesday. However, it couldn’t sustain that level and began to lose value.

The most significant drop occurred on Friday morning when BTC plummeted from $108,500 to under $103,000 in minutes. The reason for this painful decline was Israel’s missile attack against Iran, which resulted in over 70 casualties.

Despite Iran’s retaliation on Saturday morning and continued attacks throughout the weekend, bitcoin started to recover some ground. On Sunday, it attempted to surpass $106,000 but initially failed before bulls pushed it above that level and even north of $107,000 on Monday morning.

Its market capitalization has risen to $2.130 trillion on CG, while its dominance over the alts remains strong at 61.5%.

HYPE Keeps Pumping

Ethereum has added roughly 5% of value in the past 24 hours and now trades well above $2,600 after testing the $2,500 support. XRP, BNB, DOGE, TRX, ADA, BCH, and LINK are also in the green, while SOL has emerged as the top gainer from the 10 largest alts. Solana’s token has jumped by over 8% and now trades above $155.

HYPE has done it again by charting another all-time high, this time, close to $45. HYPE is up by double-digits once again on a daily scale.

Other notable gainers include SUI, AVAX, UNI, TAO, ICP, AAVE, ONDO, and more. SPX and AB have surged from the top 100 alts.

The total crypto market cap has rocketed by $80 billion since yesterday and is up to $3.460 trillion on CG.

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2025-06-16 12:34