Bitcoin reaches eight-month high above $84,000

  • Bitcoin rose above $84,000 for the first time since late January.
  • BTC's market capitalization reached $1.670 trillion while its dominance remained below 59%.
  • The total cryptocurrency market capitalization increased $70 billion to $2.810 trillion.

Bitcoin climbed above $84,000 for the first time since late January, reaching an eight-month high after recovering from a multi-week low of $75,000. The move followed last week's US Senate vote against advancing the CLARITY Act and the Federal Reserve's first interest-rate increase since July 2023. BTC remained above $83,000, with a market capitalization of $1.670 trillion and dominance just below 59%, while Ethereum rose above $2,700 and XRP moved above $1.45. The total crypto market capitalization added $70 billion in a day to reach $2.810 trillion.

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