Bitcoin tops $86,000 for first time since January as market cap hits $2.91T
- —Bitcoin hit $86,000 for the first time since January; total market cap reached $2.91 trillion
- —Spot volumes jumped 87% to $290 billion, futures open interest rose to $158 billion
- —Bitcoin open interest climbed 11% to $61.7 billion, Ethereum's rose 7% to $36 billion
- —Brent and WTI fell 4.2% and 4.75% to $99 and $91.50, cutting odds of another Fed hike
Why it matters: Risk-on sentiment and rising volumes support the move; a sustained break above $86,000 opens the door to $88,000–90,000.
Source: Invezz