Bitcoin Smashes Through $84K Barrier Amid Global Tensions

Bitcoin (BTC) has broken through to an eight-month high above $84,000 after rebounding from last week's dip. Despite earlier volatility caused by developments in the Middle East and Russia-Ukraine tensions, BTC regained its footing and surged past $80,000.

The altcoins have also seen significant gains, with Ethereum (ETH) reaching a multi-week peak of over $2,700 and XRP rebounding to above $1.45. Other notable gainers include XMR, VVV, NEAR, SEI, SUI, RENDER, and more.

The cumulative market cap has added $70 billion in a day, reaching $2.810 trillion on CMC. BTC's dominance over the altcoins remains below 59%.