Bitcoin’s gradual price increase continued in the past several hours after yesterday’s massive volatility, and the asset tapped $81,350 for the first time since late January. Most larger-cap alts have remained relatively sluggish on a daily scale, with ETH and TRX posting minor gains, while XRP, BNB, and DOGE are slightly in the red. HYPE is above $43 today. BTC Saw New Local Peak Last week’s breakout attempt was halted at $79,500, as the bears quickly regained control and drove it south to under $75,000 by Wednesday after the US Federal Reserve expectedly left the interest rates unchanged for the third consecutive time in 2026. However, BTC rebounded swiftly in the following days and challenged $79,000 once again on Friday after reports that Iran had sent a new peace proposal to the US. Although it was rejected, BTC remained relatively stable at around $78,000 on Saturday and briefly pumped to $79,300 on Sunday after another proposal reached Washington. It was also denied by the Trump administration, and BTC returned to $78,000. On Monday, though, the bulls took control and drove bitcoin to just over $80,000 for the first time since January 31. This breakout was stopped after reports that Iran had hit a US Navy vessel, and BTC slumped to $78,400, but it was later denied by the US. Consequently, bitcoin rebounded and surged to just over $81,300 earlier today to market a new three-month peak. It remains below $81,000 as of now, but its market cap has risen to almost $1.620 trillion, and its dominance over the alts is close to 59% on CG. BTCUSD May 5. Source: TradingView Two Big Gainers Today belongs to Toncoin and MemeCore as both assets have marked similar gains of around 30%. As a result, TON has soared to $1.80, while M has tapped $3.50. MORPHO follows suit with a 10% increase to $2.15. Ethereum has neared $2,400 after a minor increase, while TRX is up to $0.34 despite Justin Sun’s legal battles with the Trump-linked DeFi project WLFI. Interestingly, the WLFI token is actually up by 7% daily. HYPE, ADA, BCH, and XMR have gained 2-3% daily, while XRP, BNB, DOGE, and SOL are with minor losses. The total crypto market cap has added another $30 billion and is over $2.750 trillion on CG now. Cryptocurrency Market Overview May 5. Source: QuantifyCrypto The post TON and M Skyrocket by 30% Each, BTC Price Tapped $81K: Market Watch appeared first on CryptoPotato .
