Bitcoin Surges Past $87K on ETF Inflows, Alts Follow Suit

Bitcoin's price surge on Monday was driven by massive ETF inflows, pushing its value to over $87,000 for the first time since late January. However, it eventually settled near $86,000.

The sudden jump in Bitcoin's price was accompanied by broad gains across the crypto and altcoin markets. Ripple's XRP saw a notable climb, surpassing $1.50, while DOGE approached $0.10.

The influx of investors into the market is likely due to increased adoption and interest in cryptocurrencies, sparked by recent developments such as ETF listings. As a result, prices are rising across the board.