Bitcoin briefly surpassed $87,000 before retreating to $86,000, while several altcoins posted major gains. Ripple’s XRP soared past $1.60, and Hyperliquid’s HYPE tapped a new all-time high near $100. ZEC rocketed past $1,600 after a 7% daily surge. BCH jumped over 33% and UNI rose 16%, both benefiting from a CME announcement. The total crypto market cap added $50 billion, reaching $2.950 trillion.
Bitcoin’s price ascent drove the asset to over $87,000 once again, but the bears pushed it back toward $86,000. After last week’s failed advancement vote on the CLARITY Act and the subsequent rate hike by the US Federal Reserve, concerns emerged about BTC’s ability to sustain its August breakout, according to the data.
The cryptocurrency rebounded swiftly, reclaiming $78,000 by Friday morning and later challenging $82,000 on Saturday. The latest escalation in the Middle East conflict and the Ukraine-Russia war halted its progress, but Bitcoin then surged past $87,000 for the first time since late January.
As of press time, BTC has been pushed to $86,000, while its dominance over the alts remains at 59% and its total market cap is still above $1.730 trillion. ETH, BNB, SOL, DOGE, and ADA remained at the same levels as yesterday.
HYPE broke its all-time high, setting a new one at $98. Ripple’s XRP reclaimed the key $1.60 resistance. ZEC rocketed past $1,600 after a 7% daily surge. Even more impressive gains are evident from BCH and UNI, both benefiting from a CME announcement.
The former jumped by over 33%, while the latter is up by 16%. BTW increased by double digits, and AAVE and MNT are also well in the green. The total crypto market cap added $50 billion daily and is up to $2.950 trillion.
