Altcoins Rally as Bitcoin Breaks $106K—XRP and SOL Surge 4% in Market Rebound

BTCC / BTCC Square / CryptotimesIO /

Author:

Published:

2025-06-03 15:22:48

Crypto markets shake off the bears as Bitcoin punches past $106K—altcoins follow suit with XRP and SOL spiking 4%. Traders breathe easy (for now) as the recovery hints at renewed bullish momentum.

Meanwhile, Wall Street still can’t decide if crypto’s a ’hedge’ or just a high-stakes casino. Some things never change.

Bitcoin Price Today — Source: CoinMarketCap

Following Bitcoin, various altcoins have posted steady gains, with XRP surging over 4% and trading above $2.26 while solana (SOL) giving a similar move and breaking above $160, buoyed by speculation around ETF approvals and its robust blockchain ecosystem. Both assets are well-positioned to capitalize on a potential altcoin season, with bullish signals emerging across technical indicators.

Other altcoins, including Ethereum (ETH)—surging 3% to $2,624—and Binance Coin (BNB)—surging to $664—have also contributed to the market’s upward trajectory. The community sentiment on X highlights a growing bullish sentiment, with analysts predicting a breakout if institutional interest persists. However, some caution that token unlocks in June could introduce volatility, potentially impacting altcoin prices.

Despite today’s gains, the market remains dynamic. A recent 8% dip in SOL, XRP, and Dogecoin (DOGE) prices amid Bitcoin’s pullback below $105,000 underscores the sector’s volatility.