Bitcoin (BTC) price rallies more than 14% to reach its highest level since late March.

Bitcoin price was up about 4% as the overall crypto market rose 3% to $2.74 trillion.

The price of Bitcoin (BTC) rose above the $87,000 mark on Monday, reaching its highest level since early April as the crypto market saw broad gains.

Bitcoin price was up about 4% over the past 24 hours as of 08:53 ET (12:53 GMT), trading at $86,781. The world no.1 crypto was still down about 56% for the year to date.

The crypto market also saw gains, with the total cryptocurrency market cap now at $2.74 trillion, showing a 3% increase.

BTC gains 3% as Strategy acquires 6,556 BTC

Some global stock markets opened on Easter Monday, while gold futures smashed a new record high as the weakening dollar provided support for the precious metal.

For BTC, which has tanked alongside equities, the surge to $87k came as market activity jumped, partly driven by a major acquisition by Strategy (NASDAQ:STRM), formerly MicroStrategy.

According to a recent press release, Strategy acquired 6,556 Bitcoin.

It brings the Michael Saylor-led company’s total holdings to an impressive 538,200 BTC.

This acquisition, reported on April 21, 2025, has further fueled bullish sentiment in the market, reinforcing Strategy’s position as the world’s leading corporate holder of BTC.

Further, Metaplanet announced today that it has added to its bitcoin haul.

The influx of institutional interest has picked up momentum in recent weeks, also driven by demand for exchange-traded funds.

Analysts suggest that this, and Bitcoin’s break to $87k, could pave the way for further gains, potentially testing the $90k area.

The psychological barrier of $100k lies within reach, likely a near-term target if buying pressure persists.

STX price jumps 14% to lead gainers

As Bitcoin rose to $87k, Stacks (STX) led the altcoins as the top performer in the 100 largest by market cap segment.

STX price surged more than 14% in 24 hours, amidst Bitcoin’s rally.

According to data from CoinMarketCap, STX is currently trading around the levels seen in late March.

The technical setup, as highlighted by Captain Faibik on X, suggests a strong bullish outlook for STX.

Per the analyst, the layer 2 platform’s native token could see a 2x rally in the coming days.

The falling wedge breakout, a classic bullish pattern, indicates that STX has overcome a crucial resistance zone between $0.678 and $0.750.