Crypto market cap reclaims $3 trillion as Bitcoin, altcoins rally
Bitcoin traded near $86,000 as major altcoins gained, while rising derivatives leverage pointed to growing speculative activity across crypto markets.
The cryptocurrency market experienced a significant rally, with the total market capitalization briefly surpassing $3 trillion. Bitcoin, the leading cryptocurrency, traded near $86,000, rallying approximately 4.5% over the past day. Other major altcoins were also on the rise, with Ether (ETH) up 2.3% to $2,745, XRP gaining 5.7% to $1.53, and Solana (SOL) increasing 3.6% to $117. Binance Coin (BNB) saw a 1.6% gain, while Dogecoin (DOGE) was among the stronger large-cap performers, surging about 11%.
The surge in market activity was fueled by rising derivatives leverage, indicating a surge in speculative trading. Open interest in perpetual futures across crypto markets surged to nearly $160 billion, marking its highest level since late October 2025. This increase in leverage also raised the prospect that price movements could be amplified in either direction.
Institutional interest in Bitcoin was also notable, with US spot Bitcoin ETFs witnessing a record inflow of nearly $1 billion on Monday, their largest single-day increase since October 2025. This trend underscores the growing confidence in Bitcoin as a store of value and a hedge against inflation.
Notably, Akedo's AKE token emerged as one of the standout performers among smaller cryptocurrencies, gaining an impressive 170% over the past week. AKE's market capitalization reached roughly $1.2 billion, its highest point in recent days. Despite a recent correction to an all-time high of $0.1467, the token has seen heavy trading volumes, with $108.9 million worth of AKE exchanged in the last 24 hours.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
