Crypto Sees Broad Weekly Gains as Altcoins Surge

The cryptocurrency market experienced broad weekly gains as capital rotated back into alternative Layer-1 (L1) networks and decentralized finance (DeFi) protocols. With Bitcoin maintaining strong momentum above $80,000, overall market liquidity expanded, driving double-digit surges across select altcoins.

Ethena's ENA rose 49% over seven days, followed by SUI at 45% and NEAR at 41%. ONDO and XRP also advanced significantly during the same period.

Santiment data showed that 93 of the top 100 assets gained on Friday, with altcoin participation reaching a three-month high. This widespread growth was fueled by increased activity in derivatives markets and notable price increases for several leading tokens.