Bitcoin Stalls at $87K Despite Altcoin Surge
Bitcoin's price surge continued on Monday, but its inability to break through the $87,000 barrier has raised concerns about its sustainability. Despite reaching a high of over $87,000, the asset retreated to around $86,000, marking a familiar pattern for BTC.
The cryptocurrency market saw significant gains across the board, with several altcoins posting major increases in value. Hype (HYPE) broke through its all-time high, reaching a new record close to $100, while Ripple's XRP reclaimed the key $1.60 resistance level.
Other notable gainers include BCH and UNI, which saw significant price increases following a recent announcement from CME. BCH jumped over 33% in value, while UNI rose by 16%. The total crypto market cap has added $50 billion daily, reaching a new high of $2.950 trillion on CMC.