Crypto market cap reclaims $3 trillion as Bitcoin, altcoins rally — SkimNews
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- Bitcoin traded around $86,000, up roughly 4.5% over 24 hours, anchoring a broad crypto rally that briefly pushed total market capitalization back above $3 trillion
- Ether gained about 2.3% to $2,745, XRP rose 5.7% to $1.53, Solana climbed 3.6% to $117, BNB added 1.6%, and Dogecoin surged roughly 11% among large-caps
- Perpetual futures open interest across crypto climbed to nearly $160 billion — its highest level since late October 2025 — with more than $920 million in bearish positions liquidated Monday, raising the prospect that leverage could amplify moves in either direction
- US spot Bitcoin ETFs drew nearly $1 billion on Monday, their biggest single-day inflow since October 2025
- Akedo's AKE token — an AI gaming and content coin ranked 208th — rallied about 170% over seven days to a roughly $1.2 billion market cap before plunging more than 60% from its Sunday all-time high of $0.1467
- Analyst James Check suggested the cycle bottom may already be in at $58,000, framing the move as a potential regime shift rather than a routine bounce
Why it matters: With $160 billion in perpetual futures open interest now sitting at its highest since October 2025 and $920 million in shorts already wiped out Monday, the rally is leveraged — meaning further gains could cascade into forced liquidations but a reversal would hit overcrowded longs just as hard. Spot Bitcoin ETFs pulling nearly $1 billion in a single day signals institutional demand is following price back up, not just derivatives speculators.
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