Crypto Market Surpasses $3 Trillion Amid Leverage and Speculation
The cryptocurrency market briefly surpassed $3 trillion in total capitalization as Bitcoin and major altcoins rallied.
Bitcoin traded around $86,000, up about 4.5% over 24 hours, while Ether rose 2.3% to $2,745, and XRP advanced 5.7% to $1.53.
The increase in open interest in perpetual futures pointed to increasing leverage and speculative activity in the market.