Why Is the Crypto Market Up Today as Bitcoin Price Nears $85K?
The crypto market is up 2.14% to $2.8 trillion in 24 hours, with a technical breakout in Bitcoin helping lift sentiment across the sector. The Bitcoin price is up 3.2% at $83,789, as BTC holds above a key weekly moving average for the first time in months. Ethereum is also up 3.23% at $2,658, XRP has gained 3.64% to $1.43, and the Solana price is around $111.95, up about 3.5%. Crypto is also showing a 61% correlation with the Nasdaq-100 ETF (QQQ), pointing to a rate-sensitive market move.