Bitcoin broke above $86,000 on Monday as the cryptocurrency market experienced broad-based gains across major digital assets. The world’s largest cryptocurrency reached $86,126, marking a 2.55% increase in the past 24 hours and extending its recovery from recent lows.

The total cryptocurrency market capitalization now stands at approximately $2.8 trillion, with Bitcoin maintaining a dominance of around 60%. Trading volume has remained robust, indicating strong participation from both retail and institutional investors.

Market data shows that over 60% of futures traders currently hold long positions, indicating strongly bullish sentiment in the derivatives markets. This optimism has been supported by consistent inflows into spot Bitcoin ETFs.

US-based Bitcoin ETFs saw $83 million in net inflows on Friday, according to data from SoSoValue. BlackRock’s IBIT and Fidelity’s FBTC led the inflows, continuing their dominance in the rapidly growing ETF market.

Ethereum also posted gains, climbing above $2,000 as the network prepares for upcoming protocol upgrades. Altcoins generally followed Bitcoin’s positive momentum, with Solana, Cardano, and Avalanche all posting healthy gains.

Analysts attribute the rally to easing macroeconomic concerns and renewed institutional interest. “The crypto market is showing resilience despite broader market volatility,” noted crypto strategist Michael Torres. “The ETF inflows are particularly encouraging for long-term price stability.”