CRO, HBAR, ALGO double-digit surge amid Bitcoin rebound… Alt-led market in full swing

Bitcoin (BTC) has successfully rebounded over the weekend, recovering to $118,000 (approximately 164.02 million won). Meanwhile, some altcoins are showing a sharp increase, further intensifying market sentiment. In particular, Cronos (CRO) recorded its highest price in six months, and HBAR and Algorand (ALGO) are also showing double-digit gains, seeking to secure market leadership. A few days ago, Bitcoin had fallen to a two-week low of $114,500 (approximately 159.05 million won). This sharp decline was reportedly after Galaxy Digital sold 80,000 Bitcoin for a third party. The liquidation scale reached $9 billion (approximately 12.51 trillion won). After the selling pressure subsided, Bitcoin gradually recovered, breaking through the $117,000 (approximately 162.63 million won) level in the past 12 hours and currently rising to $118,400 (approximately 164.90 million won). Despite this rebound, the altcoin market shows clear upward trends only in some coins. Ethereum (ETH) rose 1-2% from the previous day, reaching $3,800 (approximately 5.28 million won), while XRP climbed to $3.2 (approximately 4,450 won). Major coins such as Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), TRON (TRX), and ADA are also showing slight increases. In contrast, SUI rose more than 6% in a day, breaking through $4.2 (approximately 5,838 won), and Cronos (CRO) surged over 6%, exceeding $0.14 (approximately 195 won) and setting a six-month high. HBAR jumped 10%, breaking $0.29 (approximately 403 won) and recording the highest growth rate among top 100 market cap coins. The rise of these altcoins is primarily attributed to diversified investment movements and technical rebounds in the market. Meanwhile, the overall market recovery is noteworthy. The total cryptocurrency market capitalization increased by over $30 billion (approximately 41.7 trillion won), rising from $387 billion (approximately 5,379.3 trillion won) to $397 billion (approximately 5,513.3 trillion won). Bitcoin's market capitalization dominance remains at 59.2%. With significant short-term market volatility, investors are carefully observing whether major resistance levels will be broken and if broader buying momentum will continue.