Bitcoin price has seen sharp fluctuations, rising from $81,000 to $89,000 in a matter of hours, boosting the cryptocurrency’s total market cap to $3 trillion.
Is Bitcoin approaching $90,000?
After a volatile price journey between $96,000 and $78,000 last week, Bitcoin regained some momentum over the weekend, hovering between $84,000 and $86,000.
After Trump’s positive response to the sector, the price of the currency rose to $95,000 before facing a quick rejection and falling to $81,500.
The market then witnessed a strong recovery after the BlackRock CEO’s comments, with Bitcoin jumping to $89,000, before currently settling above $90,000 with a daily increase of 8%, with a market cap of nearly $1.75 trillion and a dominance of 58%.
ADA and LINK Steal the Spotlight:
Several altcoins have seen strong gains over the past 24 hours, with Chainlink (LINK) and Cardano (ADA) the most notable, both rising more than 16%, with LINK reaching $16 and ADA above $1.
Ethereum (ETH) and Ripple (XRP) also saw gains of more than 5%, with Ethereum crossing $2,200 and XRP reaching $2.5.
Thanks to these gains, the market has regained nearly $200 billion since yesterday, bringing the total cryptocurrency market cap to $3 trillion, according to “coingecko.”
