Crypto markets gain steam: Bitcoin’s rise above $87k fuels market optimism

Crypto markets are gaining momentum as the flagship cryptocurrency Bitcoin (BTC) has bounced back strongly, crossing $87,000 after dipping to $74,500 earlier this month. At around 11:10 AM on Monday, the world’s largest cryptocurrency was quoted trading at approximately $87,640.84, up 2.96 per cent. The 24-hour trading volume for the flagship currency stood at $25.65 billion, while its market capitalisation was approximately $1.73 trillion, according to data from CoinMarketCap.