In Monday’s early trading, Bitcoin saw a significant uptick, reaching approximately $87,480, marking a 3.71% increase. Ethereum also experienced notable growth, rising 4.05% to trade at $2,093.
The overall cryptocurrency market capitalisation rose by 2.94% over the past 24 hours, now standing at a robust $2.84 trillion. Despite concerns about upcoming U.S. tariffs and key economic data releases later this week, investor confidence in the crypto sector remains strong.
Other notable performers include XRP, Cardano, and Dogecoin, which posted gains of 3%, 2%, and 3.8%, respectively. Chainlink, Avalanche, Hedera, and Stellar also saw significant growth, with rises ranging from 3% to 10%.
“Bitcoin is holding above $86,000, with a 3% gain today. The key resistance level to watch is $86,700; a breakout could push us toward $90,000,” said Vikram Subburaj, CEO of Giottus.
Bitcoin’s market capitalisation surged to $1.727 trillion, with dominance rising to 60.73%. Trading volume also spiked by 93%, reaching $18.2 billion.
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Solana stood out with a surge of over 7%, trading above $139. This rally was driven by easing market concerns over President Trump’s April 2 tariffs, which may be more targeted than initially feared.
Solana’s growth is supported by unprecedented adoption, with its total value locked (TVL) hitting 54.87 million SOL, and over $72 million recently bridged from Ethereum to Solana.
Institutional interest in Solana continues to rise, with two Solana futures ETFs launched on Nasdaq, and major asset managers like Franklin Templeton and VanEck applying for spot Solana ETFs.
Overall, the cryptocurrency market shows continued resilience, with optimistic projections for Bitcoin, with some experts predicting the asset could reach $110,000 before a potential retest of $76,500.
READ ALSO: Bitcoin, major cryptocurrencies fall amid US economic concerns
