Bitcoin’s weekend lull ended Monday morning as the price surged above $80,500 for the first time since late January.
Most altcoins are trading higher as well: Ethereum neared $2,400, XRP reclaimed the $1.40 area, and larger-cap gainers include ZEC, UNI, WLFI, and ONDO.
BTC Breaks Above $80K
Last week also opened with a sharp move—Bitcoin reached $79,500 initially—but that advance was quickly reversed and BTC fell below $76,000 by Tuesday. Volatility continued around the Federal Open Market Committee meeting midweek: Bitcoin rallied to about $78,000 ahead of the announcement and dropped under $75,000 after the Fed signaled no change to interest rates.
Bitcoin recovered over the following days, with a notable uptick on Friday when reports surfaced that Iran had offered a new peace proposal to the United States. BTC climbed toward $79,000 before the rally stalled after the proposal was rejected. Over a mostly quiet weekend, bitcoin briefly pushed to $79,200 following another diplomatic overture, only to retreat again after Washington declined that proposal as well.
Early Monday, the cryptocurrency resumed upward momentum and jumped past $80,000 for the first time since January 31. On some exchanges it reached roughly $80,600 before pulling back and now sits just below $80,000. Market capitalization has risen to about $1.6 trillion, and Bitcoin’s dominance over altcoins stands near 58.5% on CoinGecko.
Altcoins See Double-Digit Moves
Ethereum is trading around $2,370 after a modest daily gain, XRP has risen to about $1.41, and BNB is approaching $630. Solana reached roughly $85, and Dogecoin gained about 4% to trade slightly above $0.11. Monero reclaimed the $400 level following a roughly 4% advance, while Zcash rose above $410 after posting a notable 7.3% daily increase.
Within the top 100 tokens, SKYAI led the pack with a roughly 40% one-day surge to about $0.60, becoming the top performer. Other strong movers include Dash (around 30%), Siren (about 20%), and ONDO (near 11%), all posting double-digit daily gains.
The total cryptocurrency market capitalization climbed by more than $50 billion in a single day, reaching approximately $2.73 trillion on CoinGecko.