Bitcoin Surges Past $86K
Bitcoin Surges Past $86K Amid Market Optimism
Bitcoin and other major cryptocurrencies extended their rally on Monday, March 24, as investor sentiment remained positive despite looming U.S. tariffs and key economic data releases later this week.
As of 7 AM, Bitcoin was up 3.2%, trading at $86,590, while Ethereum gained 2.3% to reach $2,047. The global cryptocurrency market capitalization jumped 2.94% in the past 24 hours, reaching $2.84 trillion.
Broader Crypto Gains
Several altcoins also saw significant gains:
- XRP: +3%
- Cardano (ADA): +2%
- Dogecoin (DOGE): +3.8%
- Solana (SOL): +7%, now trading above $139
- Chainlink, Avalanche, Hedera, and Stellar: +3% to +10%
Bitcoin’s market cap surged to $1.727 trillion, with its dominance rising to 60.73%. Its 24-hour trading volume also spiked 93% to $18.2 billion, while stablecoin transactions made up 94.74% of total crypto trading, hitting $57.58 billion (per CoinMarketCap).
Key Resistance & Market Sentiment
Vikram Subburaj, CEO of Giottus, noted:
“Bitcoin is holding above $86,000, registering a 3% gain today. The key resistance level to watch is $86,700; a breakout could pave the way for $90,000.”
The rally was partly fueled by reports suggesting that President Trump’s April 2 tariffs may be less aggressive than initially expected. Weekend speculation about country exemptions and non-cumulative charges on metals eased market concerns, driving optimism in both crypto and traditional financial markets.
Bitcoin Surges Past $86K
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