- Bitcoin surged by 3.71% to $87,480, pushing the market’s total value to $2.84 trillion
- Solana outperformed, rising over 7%, boosted by easing tariff concerns
- Institutional interest in Solana grew, with two futures ETFs launched on Nasdaq
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.
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 predicting the asset could reach $110,000 before a potential retest of $76,500.
Man who threw away hard drive with $770M worth Bitcoin loses latest chances of recovery
Meanwhile, TheRadar earlier reported that Judge Keyser KC, the Circuit Commercial Judge for Wales in the United Kingdom, had dashed the hopes of James Howells, an IT engineer from Newport, who threw away his hard drive containing more than $770 million worth of Bitcoin.
Howells mistakenly threw away the hard drive containing 8,000 Bitcoin, which he mined in 2009 and is now valued at about $770 million. The hard drive eventually ended up in a landfill.
