Crypto Market Sees Sizable Rally as Bitcoin Breaks Key Level

The crypto market is experiencing a significant rally today, with Bitcoin leading the charge. The total crypto market capitalization has increased by 4.83% in the last 24 hours, reaching $2.88 trillion.

Bitcoin's price surge of 5.55% pushed it above $85,000 for the first time, while Ethereum and XRP also saw significant gains, rising 6.11% and 6.88%, respectively.

The rally is attributed to several factors, including Bitcoin breaking a key weekly moving average and strong demand from spot ETFs. According to reports, Spot Bitcoin ETFs recorded $433 million in net inflows on the day, while Ethereum ETFs saw $143.8 million in daily inflows.

Regulatory clarity also played a role, with the SEC's new framework for tokenized U.S. stocks and the 2026 SEC/CFTC rules classifying major crypto assets as digital commodities providing institutions with a clearer picture to work with.