The cryptocurrency market witnessed a strong uptick on Monday morning, with both large-cap and mid-cap tokens trading in the green. Bitcoin reclaimed levels above $87,400, while several altcoins posted double-digit percentage gains, indicating a broad-based recovery in investor sentiment.
Bitcoin (BTC) was trading at $87,404.27, up 2.61 percent in the past 24 hours, continuing its steady climb. Ethereum (ETH) followed with a 1.67 percent gain, priced at $1,641.40.
Among the top trending cryptocurrencies:
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BNB rose to $603.57, up 1.49 percent.
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XRP was up 1.73 percent at $2.12.
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DOGE traded at $0.16113, rising 1.41 percent.
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ADA stood at $0.6418, up 1.60 percent.
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SUI recorded a 2.67 percent gain at $2.22.
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PEPE and MUBARAK registered stronger gains at 4.65 percent and 5.96 percent respectively.
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SOL, however, was the only token in red among majors, trading marginally lower at $141.18, down 0.03 percent.
The spotlight remained on altcoins, with several tokens showing sharp rallies in the last 24 hours.
Top gainers in the altcoin segment included:
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MAGIC, up 42.19 percent at $0.1938
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ENJ, up 32.25 percent at $0.0898
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GTC, up 17.56 percent at $0.328
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CVX, up 15.60 percent at $2.60
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SOLV, up 13.20 percent at $0.02915
Other notable gainers included BSW, SHELL, ACH, MOVR, and STX, all of which recorded gains between 9 to 11 percent.
The rally is being driven by renewed investor interest amid global market volatility, as well as strong speculative activity in gaming and DeFi-related tokens. Additionally, macroeconomic uncertainties and a rising appetite for alternative assets appear to be pushing more retail and institutional investors into digital currencies.
Analysts remain cautiously optimistic but warn of heightened volatility in the near term, especially for altcoins that have rallied sharply without significant fundamental triggers.
Disclaimer: Cryptocurrency markets are highly volatile and speculative. The above article is based on publicly available data and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
