Bitcoin briefly reached $70,000 before settling at $68,300, marking a significant moment in the cryptocurrency market. This movement was accompanied by a robust rally in altcoins, with Ethereum (ETH) rising by 8.5%, Solana (SOL) increasing by 6.9%, and Cardano (ADA) surging by 10.8%. This marks the strongest bounce in weeks for the altcoin market, indicating renewed investor interest and momentum.