Confidence in Bitcoin’s long-term prospects continues to rise, thanks in part to large investments by major holders. Meanwhile, altcoins like MAGACOIN FINANCE are fueling market optimism with their rapid growth and strong performance.

Major cryptocurrencies opened Monday in retreat, sparking worries of an extended slide. Bitcoin slipped to roughly $116 k, while Ethereum, Solana, XRP and Dogecoin all traded lower, deepening the red across digital-asset markets.

Bitcoin is on the cusp of a historic breakthrough, trading just below the $100,000 mark as bullish sentiment sweeps the cryptocurrency market. Institutional inflows and robust trading volume are propelling the rally, with altcoins like Ethereum and XRP also experiencing gains.