Bitcoin ($BTC ) first reached a price level of $99,000, setting a new all-time high and nearing the long-awaited price level of $100,000. This milestone triggered a surge in altcoins, with leaders being Cardano (ADA) and $XRP , as well as Stellar ($XLM ), Hedera (HBAR), Mantra (OM), and Algorand (ALGO). All these altcoins showed significant growth in the last 24 hours as capital flowed into the broader cryptocurrency market.

According to a report on X (formerly Twitter) from the blockchain analysis platform Santiment, the aforementioned altcoins demonstrated significant market capitalization growth. Santiment noted that as long as Bitcoin maintains support at the $95,000 level, the market will see profits from BTC flow into altcoins.

Data from CoinMarketCap shows that at the time of writing, Bitcoin was trading at $98,969.69, up 4.23% in the last 24 hours. Meanwhile, ADA benefited from bullish sentiment, rising 12.54% and approaching the price level of $1. The ninth largest digital asset with a market capitalization of $30.7 billion was trading at $0.8765.