Bitcoin Nears $86K While FARTCOIN Surges Over 8% in Market

Bitcoin is nearing $86,000 following positive market momentum and tariff pauses, despite recent volatility. Altcoins mostly remain in the red, with FARTCOIN leading gains at over 8%. The total cryptocurrency market cap has increased to approximately $2.8 trillion amidst these changes.

Bitcoin has shown resilience in the market, currently near $86,000 despite a recent price retraction. After a tumultuous five-day trading period where it dipped below $75,000, the cryptocurrency has rebounded with positive momentum thanks to tariff pauses and favourable CPI data. Having reached $86,000 for the first time in a week, its market capitalisation now exceeds $1.7 trillion, with a dominance of 61% over altcoins.

In the altcoin landscape, most larger-cap cryptocurrencies have experienced minor declines, specifically SUI and DOGE which each fell by 3-4%. Conversely, TON has risen above 4%, reaching approximately $3. On the other hand, OM has struggled to recover from its recent drop. Notably, FARTCOIN stands out as the top performer among the largest 100 altcoins, surging over 8% to $0.92.

The overall cryptocurrency market has seen an increase of around $25 billion, bringing the total market cap to approximately $2.8 trillion. Ethereum (ETH), XRP, and ADA have shown slight gains, contrasting with SOL, TRX, AVAX, and SHIB, which are trending downwards.