Crypto markets started this new week with a surge powered by a rare alignment of favorable macroeconomic shifts.
According to CryptoSlate data, Bitcoin climbed to a fresh intraday high above $116,000 before stabilizing near $115,587 as of press time. Notably, this is its highest price level in weeks and shows that it is within sight of its prior record.
Ethereum tracked the move, pushing toward $4,200, while Solana rose past the $200 level. Other top digital assets like BNB, Cardano, Chainlink, and Hyperliquid also registered significant gains in the reporting period.
The synchronized uptrend signaled renewed momentum after several sessions of exhaustion and consolidation across major altcoins.
Why Bitcoin price rose
On-chain indicators suggest that the rally was not merely speculative.
Data from Glassnode shows that, for the first time since the October 10 sell-off, spot and futures cumulative volume delta (CVD) have flattened. This shift indicates that aggressive selling pressure has finally eased after nearly two weeks of capitulation.
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Author: Oluwapelumi Adejumo
