Bitcoin Nears $80K as Crypto Markets Rally, Ethereum Surges

Cryptocurrency markets continued to rally on Monday, with Bitcoin hovering near $80,000 and Ethereum spiking. However, Dogecoin slipped as the market's top performers.

The global cryptocurrency market capitalization rose 2.36% over the last 24 hours, reaching a value of $2.68 trillion. This growth was fueled by sustained demand and strong buying activity, with Trading volume increasing by 78% in the past day.

Ethereum reached its highest level in almost seven months, trading between $2,425 and $2,530. In contrast, Dogecoin fell 0.57% in the last 24 hours, making it an outlier among top performers.

Cryptocurrency-related stocks also saw gains, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 2.83% and 5.74%, respectively.