Bitcoin Climbs to $85K in Fresh Cryptos Market Rally
Bitcoin and other major digital assets were broadly firmer late Monday due to a fresh rally in the cryptocurrency markets. Pushing the global market cap of all cryptocurrency near $2.7 trillion, trading data showed that Bitcoin (BTC/USD) was standing above the $85,000 level.
The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, increased 0.2% in the past 24 hours. The Nasdaq 100 rose 0.6%, the S&P 500 added 0.8%, and the Dow Jones Industrial Average increased 0.8%.
Bitcoin rose 1.4% to $84,936, according to CoinMarketCap data. The most popular cryptocurrency’s 24-hour trading volume surged 30.4% to $35.48 billion. Ethereum (ETH/USD), the second-largest digital asset by market value, increased 3.1% to $1,637. XRP (XRP/USD) added 1.4%, BNB (BNB/USD) gained 1%, and Solana (SOL/USD) surged 2.5%.
Dogecoin (DOGE/USD) fell 1.6%, while Cardano (ADA/USD) eased 0.3%. The US 10-year Treasury yield stood at 4.362% Monday, down from 4.490% Friday, while the five-year yield fell to 4.000% from 4.154%. The total market value of the cryptocurrency industry rose 1.7% in the past 24 hours to $2.69 trillion, with trading volume rising 31.7% to $93.76 billion.
The global crypto market cap inched higher to $2.68 trillion, a 0.71% increase over the last day. The total crypto market volume over the last 24 hours is $91.74 billion, according to CoinMarketCap.com, which makes a 23.25% increase.
Trading data revealed that the total volume in DeFi settled at $8.95 billion, accounting for 9.75% of the total crypto market 24-hour volume. The volume of all stablecoins printed at $85.54 billion, which is 93.24% of the total crypto market 24-hour volume. # Bitcoin Climbs to $85K in Fresh Cryptos Market Rally Court Hears EFCC’s Motion for Final Forfeiture of N228.4m
