Bitcoin and other major cryptocurrencies experienced significant gains in Monday’s early trading, with Bitcoin reaching approximately $87,480, representing a 3.71% increase. Ethereum also saw a notable rise, climbing 4.05% to trade at $2,093.
The overall cryptocurrency market capitalization increased by 2.94% over the past 24 hours, standing at $2.84 trillion.
The market’s positive momentum prevailed despite concerns regarding upcoming U.S. tariffs and the anticipated release of key economic data later in the week, suggesting strong investor confidence within the crypto sector.
Other notable performers included XRP, Cardano, and Dogecoin, which posted gains of 3%, 2%, and 3.8%, respectively.
Solana emerged as a standout performer, surging over 7% in the past 24 hours to trade above $139.
The rally was fueled by reports suggesting that President Trump’s April 2 tariffs may be more targeted than initially feared, easing market concerns. Solana’s momentum aligns with unprecedented acceptance rates, with its total value locked (TVL) reaching 54.87 million SOL, its highest level since June 2022.
