TL;DR:
- Bitcoin rebounded toward $90,000 after a volatile week that saw a slide to $84,500, then a recovery to $88,000 before Monday’s climb.
- Ethereum reclaimed $3,000 after bouncing from $2,800, while Binance Coin sat above $860 and majors were modestly green; NIGHT jumped 13% to $0.10.
- Total crypto market cap added $30 billion overall in a day to $3.120 trillion. Bitcoin’s market cap approached $1.8 trillion and dominance rose to 57.5%.
Crypto markets opened the week with momentum, as bitcoin climbed back toward $90,000 and ethereum pushed above $3,000 after last week’s sharp swings. Bitcoin neared that mark for the first time since a pump-and-dump last Wednesday, while BNB stayed above $860 and majors posted small gains in a broadly risk-on session. Traders are weighing whether this rebound has runway or fades quickly, but positioning looks constructive versus the recent lows. In the background, total market capitalization added $30 billion in a day to $3.120 trillion, per CoinGecko. A synchronized large-cap bid is setting the tone.
CPI surprise and a tentative rebound
Bitcoin’s path back to $90,000 has been anything but linear. It started the prior business week around $90,000, slid Monday to under $85,500, then rocketed Wednesday to just over $90,000 before an immediate rejection dragged it below $85,500 again. Thursday added turbulence when U.S. CPI numbers landed better than expected, sparking a quick jump that stalled at $89,500. The follow-through was brutal, with BTC sinking to $84,500, a multi-week low. Bulls stepped in, lifting price back to $88,000, where it spent the next few days and the weekend. A whipsaw macro catalyst defined the week.
By Monday morning, the asset began a gradual climb, nearing $90,000 for the first time in several days, a subtle shift after the choppy sequence. Metrics also tightened: bitcoin’s market capitalization rose to almost $1.8 trillion, and its dominance versus altcoins ticked up to 57.5%, based on CoinGecko figures cited in the update. That combination can read like a risk-management play, with capital concentrating in the bellwether before rotating outward. Still, price action remains headline-driven now. Is the $89,500 to $90,000 band the near-term litmus test for traders this week? Dominance tells the positioning story.
Ethereum mirrored the recovery narrative. After dumping to $2,800 during the latest correction last week, it rebounded quickly to reclaim $2,900, and after several failed pushes, it cleared $3,000 earlier today. Binance Coin rose by a similar percentage since yesterday and sits above $860 for now. Around it, the altcoin tape was mixed but active: SOL, TRX, DOGE, LINK, and ZEC were slightly in the green, while HYPE gained 4%. NIGHT extended its run, surging 13% to $0.10. On the downside, AAVE fell 11% and CC dropped 21% over 24 hours. Selective rotation is underway.
