Bitcoin managed to recover some of its losses and reached a weekly high of $58,386. The positive sentiment was supported by MicroStrategy's purchase of 18,300 BTC and bullish predictions from analysts. Altcoins like QNT, FTM, and OM saw significant gains, with QNT's surge driven by new staking capabilities and FTM benefiting from the successful launch of the Sonic testnet. OM's price increase aligned with the integration of tokenization efforts between Dubai and Hong Kong. Overall, the altcoin market rallied as sentiment around Bitcoin turned positive.



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