Bitcoin's Climb Sparks Altcoin Rally, NEAR and ICP Lead the Charge

Bitcoin's surge above $70,000 triggered a market-wide rally, with NEAR Protocol (NEAR) and Internet Computer (ICP) leading the altcoin gains. NEAR Protocol surged 18% to $7.60, while ICP spiked 21% to $17.54, fueled by anticipation for the launch of Bitcoin Dogs (0DOG), which raised over $13.4 million in its presale.

Bitcoin's Ascent Bolsters Altcoin Market, NEAR and ICP Lead Gains

Bitcoin's resurgence above the $70,000 mark on Monday spurred a broad rally in the cryptocurrency market, with NEAR Protocol (NEAR) and Internet Computer (ICP) emerging as the top altcoin gainers. The crypto market's market capitalization surged by over 7% to $2.8 billion.

As BTC soared to above $70,700, investor interest in the highly anticipated launch of Bitcoin Dogs (0DOG) intensified.

Altcoins Rally alongside Bitcoin

Following Bitcoin's recent decline from its all-time high above $73,000, several altcoins had experienced a downturn. However, the start of this holiday week brought a significant upswing in the market.

Ethereum mirrored Bitcoin's nearly 9% spike over 24 hours, climbing above $3,600. ICP and NEAR were among the top performers.

Internet Computer's Surge

Internet Computer (ICP), currently ranked 22nd by market capitalization, outperformed all top 20 tokens with an impressive 21% gain in 24 hours, reaching highs of $17.54. ICP's trading volume surged 156% to over $657 million.

Notably, ICP's price had begun rising before Bitcoin's breakout above $70,000 on Monday, fueled by news related to artificial intelligence (AI).

NEAR Protocol's Advance

NEAR Protocol's price had fallen from near $9 in mid-March to lows of $6.15 as the altcoin market cooled. Despite several attempts to break above $7, the coin had failed to do so. However, on Monday, March 25, bulls overcame this resistance, pushing NEAR's price to highs of $7.60.

Although still below the resistance area around $9, positive sentiment surrounding NEAR's network activity and user growth could drive further gains.

Anticipation for Bitcoin Dogs Launch

Bitcoin Dogs raised over $13.4 million in its presale, marking the first-ever initial coin offering (ICO) on Bitcoin. With the presale having concluded about a week ago, anticipation is high for the airdrop of 0DOG tokens to participants.

This excitement extends to the crypto community as a whole, which eagerly awaits the upcoming launch of Bitcoin Dogs non-fungible tokens (NFTs) and game.

The 0DOG token was priced at $0.0404 at the presale's close. Market conditions at the time of launch could prove favorable for the token.

According to the Bitcoin Dogs team, the NFT mint is imminent, and exchange listings for 0DOG are in progress.

While these are immediate milestones for Bitcoin Dogs, there is significant optimism for the project's long-term potential. Bitcoin's recent surge has further enhanced the positive outlook for this NFT and game venture.

Experts have increasingly highlighted Bitcoin's role as a potential hub for layer-2 protocols. BRC-20 and Ordinals projects are expected to play a significant role in this revolution, and Bitcoin Dogs is well-positioned with its 10k Ordinal NFTs and Tamagotchi-inspired game.

The Bitcoin Dogs community can stay informed about upcoming developments and news through the official Telegram, X account, or website.