Bitcoin Reclaims and Consolidates in the $85,000 Zone, Triggering a Leg Up for Other Large-Cap Coins

The second-largest cryptocurrency, however, failed to capitalize on the surge, dropping below $1,900 overnight.

Leading cryptocurrencies spiked Tuesday ahead of President Donald Trump's tariff rollout on the symbolic "Liberation Day."

What Happened: Bitcoin (CRYPTO: BTC) reclaimed and consolidated in the $85,000 zone, triggering a leg up for other large-cap coins like Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE).

The second-largest cryptocurrency, however, failed to capitalize on the surge, dropping below the $1,900 mark overnight.

Bitcoin's dominance rose further to 61.8%, its highest since February 2021.

Over $256 million was liquidated from the market in the last 24 hours, with short positions bearing the brunt of the losses.

Bitcoin's Open Interest, or the dollars locked in its unsettled futures contracts, went up by 5.25% in the last 24 hours, suggesting an influx of new money into the apex cryptocurrency.

The Long/Short Ratio was over 1 as of this writing, indicating a higher number of traders positioned bullish on the apex cryptocurrency.

The market remained gripped in "Fear," according to the Crypto Fear and Greed Index.

Top Gainers (24-Hours)

The global cryptocurrency market capitalization stood at $2.74 trillion, following a spike of 2.48% in the last 24 hours.