Bitcoin surged past $90,000 on Monday, leading a broad-based rally across the cryptocurrency market that added approximately $80 billion to the total market capitalization, reclaiming the key $3 trillion threshold.
The world's largest cryptocurrency jumped $2,600 in just four hours, triggering over $102 million in short liquidations as bullish momentum returned to the market. Bitcoin was trading at $90,009 during early Asian hours, up 2.58% over the past 24 hours.
Ethereum also joined the rally, rising above $3,000 with a 3% gain in the past 24 hours. Other major cryptocurrencies including XRP and Solana posted gains of 3% or more, with the SocialFi sector leading the gains.
The rally comes as hopes for a Russia-Ukraine peace deal diminished following high-stakes talks between Trump and Zelensky that produced no major breakthroughs. The uncertainty appears to have driven investors toward risk assets including cryptocurrencies.
Bitcoin hit an all-time high of $126,198 on October 6, 2025, but has since fallen more than 30% from that peak. The current surge comes amid speculation that capital may be rotating from traditional safe-haven assets like gold and silver into digital currencies.
Crypto analyst Michaël van de Poppe noted that bitcoin remains in a consolidation range between roughly $86,500 and $90,000, warning that repeated tests of support levels could weaken them over time. If buyers fail to defend current levels, he pointed to $83,000 and $80,000 as potential downside targets.
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