Bitcoin at $116 and PUMP soars 22% over the weekend

• Bitcoin Holds Firm Support at $116
• PUMP soars 22% and dominates market gains
• Total market value drops by $30 billion

Bitcoin started the weekend holding its range near $116, following a series of support tests that consolidated the asset above $110. After hitting a low of just over $107 earlier this month, the cryptocurrency gradually recovered, challenging resistance at $113 and, most recently, reaching $116.700 on Saturday, before losing momentum and returning to the $116 range.

Despite the difficulty in breaking this threshold, Bitcoin continues to maintain a market capitalization of over $2,3 trillion, with a 55,4% dominance over other cryptocurrencies. This performance reflects a period of stability, even amid macroeconomic pressures and uncertainties involving the US, Russia, and China.

While BTC remains in a wait-and-see mode, large-cap altcoins showed more restrained movements. Ethereum retreated slightly and returned to trading below $4.700, after a 1% daily drop. Other assets such as LINK, ADA, TRX, HYPE, and XLM also recorded slight losses in the same period.

On the other hand, some cryptocurrencies saw modest gains. Among them, XRP, Solana, BNB, Dogecoin, and SUI advanced moderately, while the M token rose again, surpassing $2,5, gaining 9% on the day. WLFI also rose, reaching $0,22 after rising 8%.

The biggest surprise of the period was PUMP's performance, which jumped 22% in 24 hours, taking its price to $0,008. The move put the coin in the spotlight and highlighted the occasional strength of smaller-cap altcoins, even in a more stable market for major players.

Despite the strength of some exceptions, the total value of the cryptocurrency market has fallen by around US$30 billion since the last close, being estimated at US$4,16 trillion, reinforcing the consolidation momentum.