BTC rekindles all-time high prospect as SOL, ETH and DOGE lead $3.5 trillion recovery
- Cryptocurrencies gained 2% on Tuesday, pushing the aggregate market cap above the $3.5 trillion mark.
- BTC price rose 2% to reclaim the $104,400 level after Monday’s profit-taking frenzy led to a drawdown to $101,368.
- Ethereum, Solana and Dogecoin emerged as the top performers among the top 10 ranked assets.
The global crypto market capitalization rose by another 2% on Tuesday, retaking the $3.5 market cap milestone after a brief dip towards $3.2 trillion on Monday. In terms of key bullish catalysts, vital figures in the US CPI data released have raised expectations of imminent Fed rate cuts.
Bitcoin market updates:
- Bitcoin price rises by 3% on Tuesday, trading as high as $104,800 on Binance before facing rejection.
