Bitcoin Hits Six-Week High Amid Altcoin Rally

Bitcoin's price surged to a six-week high of over $74,000 on Monday morning after experiencing a weekend decline. This volatility was expected due to the opening of legacy financial markets.

The altcoin market saw significant gains, with many cryptocurrencies experiencing notable increases in value. PEPE led the pack as it rose by 18%, outperforming other major gainers such as Ethereum and Cardano.

Other notable cryptocurrencies that experienced moderate growth include HYPE, LINK, DOGE, XMR, AVAX, LTC, and XRP. The total crypto market cap added nearly $100 billion in a single day and is approaching $2.6 trillion.