The crypto market opened the week with its sharpest movement since August.
As of the morning hours, Bitcoin was trading at around $85,500, a daily increase of about 5% and a weekly rise of about 10%, after crossing $87,000 during trading to reach its highest level since January. Ethereum was trading around $2,734, up about 2.7% on the day and roughly 9.4% for the week. XRP jumped about 6.4% to $1.51, and Solana was trading around $116.7 after a nearly 15% weekly surge. Dogecoin stood out even more with a weekly increase of about 21%.
The market capitalization of the entire crypto sector climbed to about $2.9 trillion, a gain of nearly 4% in 24 hours, as trading volumes nearly doubled.
The reason begins entirely outside crypto
The rally is…
