Bitcoin price breaks above $88k today while catching a bullish momentum

The price of Bitcoin broke above $88k today while catching a bullish momentum on weekly market opening. It hit a daily high of $88635 in a steady rally but struggled

The crypto market is showing strength today as Bitcoin price trades above the $88k level, hitting a daily high of $88,635. The price of BTC is up over 3% on the weekly open of trading and it continues to heat up. This uptrend suggests that Bitcoin could soon hit $90,000 if it continues with the same bullish wave.

Following BTC, the altcoin market witnessed a huge wave of optimism as leading alts pump over 5% during U.S. trading hours. Among all, ETH caught the attention while surging above $2,100 and SOL reclaimed above $140 mark.

At the time of writing, Bitcoin price is trading near $87,200 with a 24 hour trading volume of $32.81 billion.

To many people’s surprise for many, Dogecoin (DOGE) is the top daily gainer among top 10 crypto assets by market cap with it surging over 5.3% in the past 24 hours. DOGE price is steadily increasing since last week with it now trading at $0.1850 – up 10% in the past 7 days.

Another notable spike has been attained by ADA today with it surging over 3% today while on its way to recover the $1 price mark. The price of ADA has declined over 25% since hitting $1 earlier this month on Trump’s strategic crypto reserve news.

Today’s notable price action includes CRO’s 28% jump while BERA, FORM and IP have spiked over 10% in the past 24 hours. On the losing side, ANKR is leading with declining 9% while ID, KAS, NEO and HYPE have dropped nearly 5% today.

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Today’s Top Daily Gainers

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As per Coinmarketcap data, the global crypto market cap today sits at $2.86 trillion with a 24 hour trading volume of $80.53 billion.

Also read: Cronos pumps 35% as Trump Media partners for ETF Launch