Bitcoin’s steady uptick following the post-CPI correction has persisted over the past 24 hours, crossing the $112,000 mark for the first time since Tuesday.

Most altcoins have seen minor increases, but HYPE has outshined them all with an impressive 14% jump to a price of $46. XRP has also gained 4%, climbing to $2.65.

Will Bitcoin Reclaim $112K?

Beginning the week strong, Bitcoin surged significantly, jumping from $117,500 to a peak of $114,000, before undergoing a painful correction that saw it dip below $106,000 within just 24 hours.

However, bulls soon took over, keeping Bitcoin from declining further. It started to regain momentum, reaching $111,000 just before the release of US CPI data for September. News of lower-than-expected inflation propelled BTC to rise by $1,000, although it retracted by over $2,000 shortly thereafter.

By Saturday morning, Bitcoin restored its losses, approaching the substantial $112,000 threshold. After some fluctuations, it managed to surpass this significant level and even nudged close to $113,000, only to be halted for the moment.

Currently, Bitcoin’s market capitalization has surpassed $2.240 trillion, while its dominance among altcoins sits at 57.7% according to CoinGecko.

BTCUSD BTCUSD. Source: TradingView

HYPE, ZEC, JUP on the Rise

XRP continues to chart gains over the weekend, with another 4% increase to a multi-week high of $2.65. Ethereum is nearing the $4,000 mark after a slight gain, while BNB has peaked at $1,125. HYPE has shown the most significant ascent among larger-cap altcoins, surging 14% to reach $46.

Other significant gainers within the top 100 altcoins include ZEC with a 13.5% rise and JUP with a 14% increase. WLFI has added 7.6%, while various cryptocurrencies like SUI, AVAX, HBAR, XLM, BCH, and XMR have experienced increases of up to 4% over the day.

Overall, the total crypto market capitalization has increased by approximately $40 billion over the day, nearing $3.890 trillion in total.