Crypto Market Cap Jumps by $110B as Bitcoin Nears $96K and Altcoins Rally
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Crypto Market Cap Jumps by $110B as Bitcoin Nears $96K and Altcoins Rally

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Azeez Mustapha

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The crypto market recorded a strong surge over the past 24 hours, adding more than $110 billion in total value as Bitcoin climbed to its highest level in months and altcoins posted widespread gains. Improved macro sentiment and renewed investor confidence helped fuel the rally, pushing major digital assets firmly into the green.

Bitcoin Hits Multi-Month High

Bitcoin spent most of the weekend trading sideways, struggling to reclaim the $92,000 level after a rejection late last week. Momentum began to shift at the start of the week, with buyers gradually stepping in. The real catalyst arrived on Tuesday following softer-than-expected U.S. inflation data, which boosted risk appetite across financial markets.

Shortly after, comments from U.S. President Donald Trump dominated headlines and coincided with a sharp upside move. Within hours, Bitcoin jumped by roughly $4,000, reaching levels near $96,500 on several exchanges—its strongest price point in about two months. Although BTC has since pulled back slightly, it remains comfortably above $95,000.

Bitcoin tops $96K, Ethereum crosses $3,300, and altcoins rally hard — crypto markets flash green.” — highlights the market surge and supports your coverage of the $110B cap increase. 

As a result of the move, Bitcoin’s market capitalization has climbed to just under $1.9 trillion. Its dominance over the broader crypto market remains steady at around 57%, indicating that altcoins are also participating in the rally rather than lagging behind.

Altcoins Post Broad-Based Gains

Altcoins have delivered impressive performances alongside Bitcoin. Ethereum is leading among large-cap assets, rising more than 6% to trade above $3,300 after dipping below $3,100 earlier in the week. XRP has gained roughly 4%, approaching $2.15, while BNB is pushing toward $940. Solana is holding near $144 following a solid daily increase.

Several mid-cap tokens have outperformed the market. Cardano has jumped over 8%, Stellar has surged close to 9%, and both Chainlink and Dogecoin are up between 6% and 7%. Smaller-cap assets have seen even sharper moves, with double-digit gains across multiple tokens.

Overall, the combined value of the crypto market now stands at approximately $3.33 trillion. The sharp increase highlights renewed bullish momentum as investors rotate back into digital assets amid improving macro conditions.

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