Crypto market cap reclaims $3 trillion as Bitcoin, altcoins rally

Bitcoin traded near $86,000 as major altcoins gained, while rising derivatives leverage pointed to growing speculative activity across crypto markets.

The cryptocurrency market cap briefly climbed back above $3 trillion earlier on Tuesday as Bitcoin and the biggest altcoins extended a broad rally, while increasing leverage pointed to growing speculative activity. 

Bitcoin (BTC) traded around $86,000, up about 4.5% over the past 24 hours, according to CoinGecko. Ether (ETH) gained about 2.3% to $2,745, while XRP rose 5.7% to $1.53 and Solana (SOL) advanced 3.6% to $117. BNB gained 1.6%, while Dogecoin (DOGE) was among the stronger large-cap performers, rising about 11%.

The total crypto market cap stood just below $3 trillion at the time of writing, up about 4.3% over the previous day. 

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