Crypto Market Cap Reaches $3T Again on Bitcoin Rally

The total cryptocurrency market capitalization has reached $3 trillion again, boosted by gains in Bitcoin and altcoins. At the same time, indicators of leverage in derivatives markets have risen, highlighting how quickly risk appetite can change during fast-moving rallies.

Bitcoin traded around $86,000, up roughly 4.5% over 24 hours, according to CoinGecko. Ether (ETH) added about 2.3% to $2,745, XRP rose 5.7% to $1.53, and Solana (SOL) climbed around 3.6% to $117.

Akedo's AKE token saw outsized momentum, gaining roughly 170% over seven days before a sharp pullback from its weekly high. The token reached an all-time high of $0.1467 on Sunday but dropped more than 60% from its peak.