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Bitcoin News Today: Bitcoin's Upward Trend Sparks Altcoin Rally, PIPPIN Jumps 148%

Bitcoin News Today: Bitcoin's Upward Trend Sparks Altcoin Rally, PIPPIN Jumps 148%

Bitget-RWA2025/11/23 14:38
By:Bitget-RWA

- Altcoins rebound as Bitcoin surges past $87,000, with PIPPIN surging 148% to $0.0577 in 24 hours. - TNSR (+49%), FARTCOIN (+22%), and DYM (+21%) follow, driven by Bitcoin's momentum and Abu Dhabi's IBIT holdings. - Analysts cite Bitcoin's "halo effect" and leveraged trading as key drivers, while BexBack introduces crash support tools amid volatility. - Risks persist from sharp price swings, regulatory scrutiny, and recent exploits like Aerodrome Finance's front-end attack. - Market remains in short-term

Altcoins Bounce Back As

Rallies, PIPPIN Jumps 148% in a Day

On November 23, the cryptocurrency sector saw a significant recovery in altcoin values, spurred by Bitcoin breaking above $87,000. PIPPIN (PIPPIN), a relatively obscure token, spearheaded the surge,

in just 24 hours, based on HTX market figures. Several other altcoins also posted gains: TNSR increased by 49%, FARTCOIN advanced 22%, DYM rose 21%, and MAV added 20%. This uptick signals a renewed appetite for risk among investors, who are leveraging Bitcoin’s momentum to shift funds into smaller, more speculative coins.

This renewed activity in altcoins is consistent with broader market trends.

earlier this year—partly driven by Abu Dhabi tripling its stake in the iShares Bitcoin Trust (IBIT) during Q3 2025—has bolstered faith in digital assets. surpassing Tether’s in on-chain transactions amid clearer regulations, has further improved sentiment. Still, volatility remains a key issue, with that features 100x leverage and no-KYC sign-ups to assist traders in managing sharp price movements.

Bitcoin News Today: Bitcoin's Upward Trend Sparks Altcoin Rally, PIPPIN Jumps 148% image 0

Experts link the altcoin rally to a mix of speculative enthusiasm and technical drivers. “Bitcoin’s ongoing strength creates a spillover effect, motivating investors to put money into smaller, fast-growing tokens,” a blockchain analyst noted in a recent analysis. The sharp rise in PIPPIN and others like MAV, which gained 20%,

and short-term momentum tactics in shaping price trends.

Despite the positive sentiment, significant risks remain.

could also lead to swift downturns, as evidenced by the recent Aerodrome Finance front-end exploit and ongoing liquidation threats to leveraged traders. Moreover, , with the UK National Crime Agency warning that crypto platforms are increasingly being used for illegal purposes, such as drug trade and sanctions violations.

At present, altcoins seem to be enjoying a short-lived bullish run, supported by Bitcoin’s strength and institutional backing. Nevertheless, as BexBack’s support initiative indicates, market participants are bracing for possible instability, balancing bold strategies with risk management. The next few weeks will reveal whether this recovery marks the start of a lasting trend or is simply a brief spike in an uncertain global climate.

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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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