📈 Bitcoin Recovers… But Stalls Below $118K

The first days of August were rough for Bitcoin. Global economic jitters and political tensions — including reports of U.S. nuclear submarines moving near Russia’s borders following controversial moves by Donald Trump — triggered a sharp sell-off. On August 3, BTC dropped to just under $112,000, marking a multi-week low.

But the bulls weren’t ready to give up. Over the following days, Bitcoin bounced back, climbing to nearly $118,000 — its highest point in nine days — before cooling to around $117,000 today.

• Market Cap: ~$2.33 trillion
• BTC Dominance: 58% (down 2% in just a few days)

That decline in dominance signals that altcoins are stealing the spotlight.

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🌟 Altcoins Take the Main Stage

The past few days have seen a surge of optimism in the altcoin market — and Ethereum is leading the charge. ETH exploded to $4,200, its highest level in over three years.

Other major gainers include:

• DOGE, LINK, HYPE → Up to +8%
• CRO, UNI, XMR → Strong gains since yesterday
• ENA → Soaring +20% to $0.73
• PEPE → Jumping +11%
• Pi Network (PI) → Rising +10% to $0.40

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💰 $200B Market Cap Surge

Since Thursday, the total cryptocurrency market cap has jumped by nearly $200 billion, pushing it back above the $4 trillion mark.

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📝 Quick Take

• Bitcoin bounced from lows but failed to break $118K.
• BTC’s dominance dropped to 58%, hinting at a possible “altseason.”
• Ethereum hit $4.2K, with several altcoins posting double-digit gains.
• The total crypto market added $200B in just a few days.