Bitcoin surged past $113,000 today, marking a powerful recovery and reaffirming its dominance in the crypto market. The world’s largest cryptocurrency has outperformed most altcoins, reaching its highest level in nearly two weeks. This move comes after a recent dip below $110,000, followed by a swift bounce back, with Bitcoin also turning positive over the past week.

Market participants are closely watching macroeconomic signals, particularly the U.S. jobs report, which could influence the Federal Reserve’s upcoming interest rate decisions. Hopes of a rate cut are seen as a bullish catalyst for Bitcoin, as lower rates often drive more investment into cryptocurrencies.

At the same time, Bitcoin’s market dominance has climbed back to nearly 59%, underscoring renewed capital inflow into the asset. This dominance reflects Bitcoin’s strength as investors rotate funds away from altcoins and smaller crypto assets. While Bitcoin leads, some major altcoins like Ethereum are also showing gains, but most are lagging behind both in weekly and short-term performance.

The upside momentum for Bitcoin has investors eyeing resistance levels around $115,600 and $117,500. However, if the price falls, strong support is seen at the $107,400 and $105,200 levels. As long as Bitcoin remains above $95,000, analysts believe the long-term bullish trend remains intact.

For those looking for the best crypto to buy, Bitcoin’s robust movement and resilience through recent volatility may make it a candidate for continued growth, while the broader altcoin market recovers at a slower pace. Investors are advised to keep an eye on both technical levels and macroeconomic updates as the market evolves.