BTC Surges Past $66K, Crypto Markets Add $70B Daily

Crypto markets have seen significant gains over the past day, with Bitcoin's price hitting a monthly high of $66,300. The asset has gained over two grand since Monday morning's dip below $64,000 and is now trading above $66,000.

Bitcoin's dominance over the altcoin space is also on the rise, currently sitting at 57.2%. Ethereum is inching closer to $1,950, while XRP is testing the $1.13 resistance.

The cumulative market capitalization of all crypto assets has climbed to $2.320 trillion for the first time in a month, with an impressive daily increase of $70 billion. Several altcoins have also seen significant gains, including Cardano's native token which has exploded by over 8% and now trades at a local peak of $0.175.

Bitcoin's price rebounded swiftly after the Monday morning dip, and its market cap has jumped to $1.330 trillion on CG. The bulls have been persistent in pushing the asset upwards, with the cryptocurrency climbing back to $64,000 right before and during the weekend.