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Crypto Market Surges as Bitcoin Rebounds and Privacy Coins Shine

Crypto Market Surges as Bitcoin Rebounds and Privacy Coins Shine

CointurkCointurk2025/11/23 18:45
By:Ömer Ergin

In Brief Bitcoin rebounded over the weekend, testing the $86,000 mark. Privacy-focused altcoins Monero and Zcash showed notable gains. Total market value surged, crossing the $3 trillion threshold again.



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Over the weekend, recovery trends captured attention in the cryptocurrency market. After falling below $81,000 on Friday, Bitcoin $86,660 retested the $86,000 level. While the market displayed a green picture overall, privacy-focused altcoins like Monero (XMR) and Zcash (ZEC) stood out with strong rallies.

Bitcoin’s Bullish Reaction

The largest cryptocurrency, Bitcoin, accelerated its decline after dropping below $100,000 last week, moving below $90,000 for the first time since April on Tuesday. A severe selling wave on the last business day of the week slashed $8,000 off the price in less than 12 hours, dragging it down to $81,000, marking a seven-month low. Whale sales and profit-taking by ETF investors were key contributors to the selling pressure.

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However, buyers returned from Friday night onwards. Purchases over the weekend propelled Bitcoin above $86,000. Bitcoin’s market capitalization increased to $1.72 trillion, maintaining a 57 percent share of the total market, according to CryptoAppsy data. Analysts suggest this movement might be a short-term upward reaction, and a trend reversal could only be discussed if there is a lasting breakout above $90,000.

XMR and ZEC Shine

Ethereum $2,829 rose by 3 percent in the past 24 hours, surpassing $2,800, while XRP climbed 7 percent, crossing $2 again. Major altcoins like BNB , Solana $131 , Dogecoin $0.144284 , and Cardano $0.413388 are also moving towards a positive close for the day. However, the real eye-catchers in the market have been the privacy-focused altcoins.

ZEC climbed 14 percent, nearing $580, and XMR spiked 16 percent, reaching $400. Analysts highlight that the strong momentum in these two altcoins stems from investors’ shift towards more protective and anonymous solutions amid market uncertainty. Meanwhile, HYPE coin dropped by 5 percent, dipping below $32. Other significant altcoins like CRO, HBAR, MNT, TAO, and AAVE also saw double-digit gains.

The overall market value increased by $60 billion in the last 24 hours, once again surpassing the $3 trillion threshold.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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