The market surged as Bitcoin hit $115,300 and altcoins like Spark, MemeCore, Mantle, and Sei rallied, driven by Bullish’s $4.2B IPO news and a potential Fed governor nomination.
Bitcoin rebounded from a weekend low of $112,000 to $115,300, while altcoins including Spark, MemeCore, Mantle, and Sei posted significant gains, pushing market cap above $3.78 trillion. Meanwhile, Peter Thiel-backed exchange Bullish plans a $4.2B IPO to raise $629M, and President Trump is set to nominate a new Fed governor likely to favor rate cuts. Technical analysis indicates Bitcoin formed a break-and-retest pattern at $112,000 with a potential rebound toward an all-time high of $123,192, though caution remains over a possible bull trap.