These Altcoins Are Exploding as Bitcoin (BTC) Takes Another Shot at $113K: Market Watch

Bitcoin's latest assault on the $113K barrier sends shockwaves through the crypto ecosystem—and altcoins are riding the momentum wave hard.

Market Frenzy Unleashed

While BTC plays king of the hill, alternative cryptocurrencies are posting staggering gains. No surprise here—when Bitcoin flexes, the alts typically follow. Traders pile into riskier assets, chasing that sweet, sweet alpha.

The $113K Psychological Battle

Bitcoin doesn't just knock on resistance—it kicks the door down. Each approach toward $113K fuels speculation, FOMO, and the usual chorus of 'this time it's different.' Meanwhile, institutional money keeps flowing—because nothing says 'mature asset class' like 20% daily swings.

Altcoin Season: Real or Mirage?

Sure, some tokens are pumping. But let's be real—half these projects have whitepapers longer than their actual code. Still, when BTC moves, everything moves. Even the coins that basically exist as memes.

Regulators? Asleep at the Wheel

While retail traders YOLO into micro-caps, the usual suspects in suits are still figuring out whether crypto is a security, commodity, or existential threat to the financial system. Classic.

Bottom Line: Enjoy the ride—but maybe keep an exit strategy handy. After all, what goes up must come down... unless you're in decentralized finance, where things mostly just go sideways.

BTC Eyes $113K (Again)

The primary cryptocurrency has endured enhanced selling pressure around the $113,000 mark for the past several days. Recall that the asset surged to and just over that level last Friday, after the release of the latest US jobs report. However, it was rejected immediately and driven south by over three grand in less than an hour.

After a few days of consolidating around the $110,500 level, the bulls went on the offensive once again on Monday and especially on Tuesday, pushing Bitcoin to $113,200. The scenario repeated once again, as the bears reemerged and didn’t allow a breakout.

In the following hours, the digital asset dropped to $110,800 (on Bitstamp) before the bulls came back to play. They initiated another leg up on Wednesday morning, which drove BTC to almost $113,000 as of press time.

Its market cap has slipped to just under $2.250 trillion on CG, while its dominance over the alts sits at 56.1%.

These Alts Are Rocketing

As mentioned above, most of the larger-cap alts have failed to produce any big moves in the past 24 hours. ETH, XRP, ADA, LINK, SUI, and XLM are slightly in the red, while SOL, DOGE, HYPE, TRX, and AVAX are with minor gains.

The situation down the board is much different. HASH has taken the spotlight today with a 33% surge to over $0.037. IP (21%), PUMP (14%), and MNT (12.5%) complete the double-digit price gainers club.

The total crypto market cap has remained at essentially the same level as yesterday at around $4 trillion on CG.