Why Is the Crypto Market Going Up Today? BTC, ETH, XRP, and Pi Network Bounce Back Strong

After a tense weekend marked by geopolitical uncertainty and sharp declines, the crypto market is bouncing back. Bitcoin briefly dipped below $100,000 amid fears of U.S. airstrikes on Iranian nuclear facilities, but managed to hold key support levels and has now climbed above $101,000.

The total crypto market cap is up 2.42% in the last 24 hours, reaching $3.12 trillion. Bitcoin leads the charge with a 5.7% gain over the past week, followed by Ethereum’s strong 14.6% surge. Altcoins such as XRP, Solana, Dogecoin, and Cardano are also posting impressive double-digit weekly gains.

Hyperliquid (HYPE) jumped over 22% this week, making it one of the top-performing assets. However, the Altcoin Season Index remains low at 15/100, showing Bitcoin’s dominance over this rally.

One of the main confidence boosters was Michael Saylor’s MicroStrategy buying another $1 billion worth of BTC. This massive institutional move sparked renewed interest across the market, lifting major altcoins like ETH, XRP, ADA, DOT, and Pi Network.

With geopolitical fears cooling and options expirations completed, markets appear to be stabilizing. Still, macroeconomic uncertainties and ETF developments remain on the radar, and traders are advised to proceed with caution.