Bitcoin broke out of its weekend slowdown with a sharp rally on Monday morning, pushing above eighty thousand five hundred dollars for the first time since late January.
The broader crypto market followed the upward move, with most altcoins trading in positive territory. Ethereum approached two thousand four hundred dollars, while XRP moved back above one dollar and forty cents. Among the larger assets, ZEC, UNI, WLFI, and ONDO recorded some of the strongest gains.
Bitcoin Surges Beyond 80K
The previous week started on a similar note, with Bitcoin climbing to around seventy nine thousand five hundred dollars before quickly reversing and dropping below seventy six thousand by Tuesday. Midweek trading remained volatile around the year’s third FOMC meeting. The price rose to seventy eight thousand ahead of the announcement but slipped under seventy five thousand afterward when it became clear that interest rates would remain unchanged.
Bitcoin regained strength later in the week, particularly on Friday, after reports that Iran had sent a new peace proposal to the United States. The asset climbed close to seventy nine thousand before pulling back following rejection of the proposal by Donald Trump. Over the weekend, a similar pattern played out, with another brief rise toward seventy nine thousand two hundred followed by a decline.
Momentum returned early Monday, with Bitcoin surging past eighty thousand dollars and reaching around eighty thousand six hundred on some exchanges before easing slightly. It is now trading just below that level. Its market capitalization has risen to approximately one point six trillion dollars, while its dominance over altcoins stands at about fifty eight point five percent, according to CoinGecko.
Altcoins Deliver Strong Gains
Ethereum has climbed by roughly two point six percent to around two thousand three hundred seventy dollars, while XRP is trading near one dollar and forty one cents. BNB is approaching six hundred thirty dollars, and Solana has reached about eighty five dollars. Dogecoin has gained four percent to trade above eleven cents, while Monero has reclaimed the four hundred dollar level after a similar increase. Zcash stands above four hundred ten dollars following a strong daily rise of over seven percent.
A new entrant has joined the top one hundred cryptocurrencies by market capitalization, with SKYAI surging forty percent in a single day to around sixty cents, making it the standout performer. Other notable gainers include Dash with a thirty percent jump, SIREN rising twenty percent, and Ondo gaining eleven percent.
Overall, the total cryptocurrency market capitalization has increased by more than fifty billion dollars within a day, reaching approximately two point seven three trillion dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
