Avalanche (AVAX) Skyrockets Past $30 Milestone as Bitcoin Holds Firm Near $116K - Market Momentum Builds
Avalanche just shattered the $30 barrier—sending shockwaves through altcoin markets while Bitcoin maintains its throne at $116,000.
Market Domination in Motion
AVAX's explosive surge isn't just another pump—it's validation of institutional-grade blockchain performance meeting retail frenzy. The network's sub-second finality and custom blockchain capabilities are finally getting the price recognition they deserve.
Bitcoin's Steady Hand
While altcoins grab headlines, BTC's rock-solid position at $116K demonstrates why it remains the crypto bedrock. No flashy moves—just relentless value accumulation that makes traditional finance look like it's moving in slow motion.
The Real Story Behind the Numbers
This isn't random volatility—it's capital rotation on a massive scale. Smart money moves into Bitcoin for stability, then pivots to high-performance altcoins like Avalanche for asymmetric returns. Rinse and repeat while Wall Street still tries to figure out cold storage.
Market cycles move faster than regulatory paperwork—and while traditional finance debates risk management, crypto builds the new financial system.
BTC Eyes $116K Again
The primary cryptocurrency plunged hard at the beginning of the previous business week, dropping below $111,000. However, the asset reacted well and defended that level. Moreover, it initiated a notable leg up in the following week that saw it jump past $116,000 by Friday.
Bitcoin tried to break out even further to the north during the weekend and on Monday morning. Nevertheless, the bears returned when BTC was close to $117,000 at the beginning of the current business week and pushed it south almost immediately.
As a result, the cryptocurrency dropped by nearly two-and-a-half grand to $114,400 (on Bitstamp). It bounced off to challenge $116,000 once again earlier today, but couldn’t break past that level. As of now, the asset trades at around $115,500 with more volatility expected in the following days due to the highly anticipated FOMC meeting.
Bitcoin’s market cap has calmed at $2.3 trillion on CG, while its dominance over the alts stands at 56%.
AVAX Flies
Ethereum is among the few altcoins that continue to be slightly in the red on a daily scale. The asset slipped below $4,500 earlier today but has managed to bounce just above that level. Ripple’s XRP has defended the $3 support, while BNB, DOGE, LINK, SOL, TRX, and sui are slightly in the green.
Avalanche’s native token has taken the main stage with a 7% surge that has pushed it to well over $30. XLM, XMR, and MNT are also with notable gains.
IMX has returned to the top 100 alts following a 15% surge that has driven its price to just over $0.73.
Data from CoinGecko shows that the total crypto market cap has added over $40 billion since yesterday’s low and is up to $4.110 trillion on CG.
