Bitcoin Price Surges Past $87K as Crypto Market Adds $100B

Bitcoin price has surged past the $87,000 mark, reaching its highest level in nearly three weeks — a significant milestone for the leading cryptocurrency. This strong upward momentum has also pushed the broader crypto markets to new heights, injecting nearly $100 billion into the overall crypto market valuation.

After hitting a low point below $75,000 just two weeks ago, Bitcoin has experienced a steady recovery. Last week, it climbed back over $80,000 and maintained a relatively stable performance within a tight range of $84,000 to $86,000. This weekend swept through calmly until early Monday trading in Asia set the stage for a sharp breakout.

Within the span of hours, Bitcoin climbed from around $84,500 to above $87,600 — marking only the second time this month that it’s surpassed this price zone. This price level hasn’t been touched since April 2, identifying it as a notable technical resistance. One contributing factor fueling bitcoin’s surge is the declining strength of the U.S. dollar, covered in depth here.

Following this move, Bitcoin’s market capitalization soared to more than $1.735 trillion, with its dominance climbing back to 61%. This increased dominance highlights Bitcoin’s current control of market sentiment and capital flow within the digital asset space.

Altcoins Rally on Bitcoin’s Momentum

Major altcoins mirrored Bitcoin’s positive trajectory, emerging from a relatively uneventful weekend with strong gains. Ethereum pushed through its $1,600 resistance level and now trades around $1,650 following a 3.3% daily increase. Similarly, XRP climbed above $2.10, demonstrating strong investor appetite.

Other well-known altcoins, including Dogecoin (DOGE) and Cardano (ADA), posted notable gains between 3% and 4%. However, the real standouts among large-cap altcoins are Chainlink (LINK), Avalanche (AVAX), and Stellar (XLM), all of which recorded stronger daily performance.

Smaller-cap cryptocurrencies saw even sharper increases. Stacks (STX) jumped an impressive 14% in 24 hours, while Injective (INJ) surged by 8%, leading the pack of mid-to-lower-tier digital coins.

Additionally, other altcoins such as SUI, HBAR, PEPE, APT, and Litecoin (LTC) posted green candles, further highlighting renewed bullish sentiment in the market. The overall crypto market cap added over $80 billion in just one day, pushing the total valuation to approximately $2.855 trillion, according to CG data.

The current bullish momentum suggests that investor confidence is resurging. With Bitcoin reclaiming key resistance levels and Ethereum gaining ground, traders are cautiously optimistic that this rally could extend further — especially if macroeconomic conditions, such as a weakening dollar, continue to support risk-on assets like cryptocurrencies.

While the market remains volatile and subject to sudden shifts, the current price action signals robust interest, and buyers appear to be stepping back into the market forcefully. Time will tell if Bitcoin can maintain this momentum, but for now, the signs are encouraging.

Related: Expert Advice: Sell XRP If You’re Confused

For more analysis on market movements, see how the weekend unfolded here.