Cryptocurrency Market Regain Momentum Pushing Bitcoin Close to $90,000

Bitcoin and other top cryptocurrencies continued their upward trend on Monday, March 24, despite concerns over upcoming U.S. tariffs and key economic data expected later this week.

As of 7 a.m. today, Bitcoin gained 3.2%, reaching $86,590, while Ethereum climbed 2.3% to trade at $2,047. The global cryptocurrency market capitalization rose 2.94% in the last 24 hours, hitting $2.84 trillion.

Other major cryptocurrencies posted strong gains. XRP increased by 3%, Cardano by 2%, and Dogecoin by 3.8%. Chainlink, Avalanche, Hedera, and Stellar recorded growth between 3% and 10%.

Bitcoin’s market capitalization jumped to $1.727 trillion, with its dominance rising to 60.73%. Trading volume surged 93% in the past 24 hours, reaching $18.2 billion. Stablecoins played a dominant role in transactions, accounting for 94.74% of total crypto trading, which amounted to $57.58 billion, according to CoinMarketCap.

Solana (SOL) was one of the best-performing altcoins, surging over 7% in the past 24 hours to trade above $139.

“Bitcoin is holding above $86,000, registering a 3% gain today. The key resistance level to watch is $86,700; a breakout could pave the way for $90,000,” said Vikram Subburaj, CEO of Giottus.

Reports that President Trump’s April 2 tariffs may be more targeted than feared have eased investor concerns. Weekend rumors suggested potential country exemptions and non-cumulative charges on metals, improving sentiment in global financial markets.

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