#MemecoinSentiment

The cryptocurrency market has experienced a notable recovery as Bitcoin surpassed the $118,000 level, driven by a decline in the strength of the dollar and increased money flows towards spot trading funds, which renewed investor confidence. The approach of political and economic events in Washington, focusing on market regulation, also contributed to stimulating further buying momentum. This strong rise was reflected in the total market capitalization, which increased to around $3.7 trillion, amid strong performance from several alternative currencies that benefitted from the liquidity movement towards digital assets.