Bitcoin experienced a price surge over the weekend but hit a resistance level at $116,000 before retracting below $114,000, approaching a CME gap formed during that period.

Notably, several altcoins have shown impressive daily growth, with FIGR_HELOC leading the way at a 35% increase.

Bitcoin’s Recent Performance

In the beginning of the last week, Bitcoin’s price rose from $108,000 to $114,000, but a significant correction followed, leading it to a low of just over $106,000. As the week progressed, Bitcoin climbed back to $111,000 after the US inflation data was released. After a brief drop below $110,000, Bitcoin regained some strength but was ultimately capped at $112,000 before achieving a peak of $116,000 for the first time since the downturn on October 10. It was subsequently driven down to $113,500, near a CME gap that was established over the weekend.

“#BTC – NEW CME GAP ( $112,400 – $113,500): pic.twitter.com/Q5rnRveU1B” — EGRAG CRYPTO (@egragcrypto) October 27, 2025

Altcoins Showing Promising Gains

While many larger-cap altcoins faced minor losses recently, others have made significant gains. HBAR surged by 14% in response to positive news regarding US ETFs. Additionally, FIGR_HELOC experienced an impressive 40% rise, along with notable increases from TRUMP and PUMP.

Despite the overall cryptocurrency market cap shrinking by approximately $50 billion since its peak yesterday, it currently stands at $3.950 trillion.