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.
Bitcoin traded near $86,000 as major altcoins gained, while rising derivatives leverage pointed to growing speculative activity across crypto markets.
The cryptocurrency market cap briefly climbed back above $3 trillion earlier on Tuesday as Bitcoin and the biggest altcoins extended a broad rally, while increasing leverage pointed to growing speculative activity.
Bitcoin (BTC) traded around $86,000, up about 4.5% over the past 24 hours, according to CoinGecko. Ether (ETH) gained about 2.3% to $2,745, while XRP rose 5.7% to $1.53 and Solana (SOL) advanced 3.6% to $117. BNB gained 1.6%, while Dogecoin (DOGE) was among the stronger large-cap performers, rising about 11%.
Bloomberg reported that open interest in perpetual futures across crypto had climbed to nearly $160 billion, its highest level since late October 2025. More than $920 million in bearish positions were liquidated on Monday as prices surged, according to the report, raising the prospect that leverage could amplify moves in either direction.