In the latest updates, Bitcoin soared above $64,000, showing stronger momentum over the weekend. Despite hitting a low of $62,400 earlier in the week, the BTC/USD pair reversed its course and was trading around $63,700 at the time of writing.

Altcoin projects also saw improvements, with the total market value of altcoins increasing by approximately 1% during the day. Analyst Skew mentioned recent market models, indicating that while altcoin projects experienced a rise, they still need to break the trend of reaching weekly highs from Monday to Tuesday. Skew warned about potential selling pressure at high levels that could hinder further upward movement.

Trader and commentator Moustache expressed optimism about a significant altcoin season approaching, suggesting it could rival the market's peak in 2017. He pointed to the monthly dominance chart of the stablecoin Tether, noting that when USDT.D falls, altcoin projects tend to rise.

Looking at Bitcoin, many analysts awaited TradFi transactions, particularly Bitcoin futures, for insights into the market's direction. Daan Crypto Trades noted that significant movement in Bitcoin might not occur until CME reopens. Despite consolidating below previous all-time highs, investor Alan Tardigrade found promise in the monthly BTC/USD pair, suggesting a bullish trend based on chart analysis.

In conclusion, Bitcoin's surge above $64,000 signals continued momentum, with altcoins also seeking recovery. Analysts remain cautiously optimistic about the market's direction, awaiting further developments in TradFi transactions for more clues.