Bitcoin Reaches 17-Day High as Avalanche Tops Altcoin Surge (Market Update)

Bitcoin Blasts Past $87K With Market Sentiment Improving

Bitcoin has carried its bullish trend to $87,600—its highest point since March 7—before settling just below the high. The cryptocurrency has bounced back after seven days of sideways price action, with volatility peaking midweek after the Fed kept interest rates unchanged and after Ripple CEO Brad Garlinghouse suggested that a resolution to the SEC lawsuit can be expected. - Current Price of BTC: $87,000+ (above weekend lows of $84,000) - Market Cap: $1.73 trillion (CoinGecko) - Dominance: 58.5% over altcoins The price movement of Bitcoin functions as an indicator for alternative cryptocurrencies as Avalanche (AVAX) demonstrates remarkable success at this time.

The entire cryptocurrency sector reveals optimistic trends while Ethereum achieved $2,100 while XRP surpassed $2.45. Other notable gainers include:

- Solana (SOL): +5-7%
- Chainlink (LINK): +5-7%
- Sui (SUI): +5-7%

Avalanche (AVAX) reached its highest market value in multiple weeks by surging 12% to $22.

The PI Token of Pi Network maintains its downward trajectory.
The PI Network's Pi token sustained more losses by declining 6% to drop under the $1 marker.

The cryptocurrency market capitalization has risen past $3 trillion during recent trading periods.
The crypto market capitalization achieved a total gain of $80 billion throughout the last 24 hours after reaching $2.96 trillion (CoinGecko).

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