Cryptocurrency Market Experiences Altcoin Surge Amid Cautious Sentiment

The cryptocurrency market has seen a notable shift in recent days, with several mid-cap altcoins experiencing significant price increases. According to data, seven such coins have gained between 12% and 17% over the past week, led by NEAR and DOT.

Meanwhile, Bitcoin's price remains relatively stable, trading around $66,500. However, a substantial portion of BTC supply is held at a loss, with CryptoQuant indicating that 9.09M coins, approximately 46%, are in the red.