Crypto Update: Bitcoin hits $89,000, surge 2.32% amid broad crypto rally; HYPER, FIS, and PEPE among top gainers
Bitcoin (BTC) surged past the $89,000 mark on Tuesday, climbing 2.32% in the last 24 hours to reach $89,040.01, as per latest market data. The rally in the world's largest cryptocurrency comes amid a broader bullish trend across major altcoins and growing investor confidence.
Ethereum (ETH) also edged up 0.75% to $1,635.71, while Solana (SOL) added 2.24% to trade at $141.26. Meme coin PEPE posted a strong gain of 4.71%, extending its recent upside momentum.
Among altcoins, HYPER led the top gainers list with a staggering 186.89% surge, followed by FIS (+55.78%) and PIXEL (+20.51%). AUDIO and TURBO rounded out the top five with gains of 17.79% and 15.20%, respectively.
Meanwhile, some tokens faced sharp corrections. ENJ was the biggest loser, down 20.65%, followed by XAI (-16.15%) and ALPACA (-15.09%). Other notable decliners included MAGIC (-14.42%) and BSW (-13.49%).
The strong uptick in BTC and select altcoins is being attributed to rising institutional interest, sustained ETF inflows, and optimism ahead of upcoming macroeconomic cues. However, volatility remains high in the crypto market, with certain sectors still facing sharp profit-taking.
The crypto market's overall capitalization continues to climb, driven by investor risk appetite and renewed traction in AI-linked tokens and blockchain infrastructure projects.
News desk at BusinessUpturn.com
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