Bitcoin tops $74,000 as Ethereum rises above $2,300 in crypto rally

Bitcoin and Ethereum led a broad crypto rally on Monday as risk appetite returned across digital assets and equities. Bitcoin rose about 5% over 24 hours to trade above $74,000, while Ethereum gained about 7% and moved past the $2,300 resistance.

Bitcoin reclaims $74,000 as momentum returns

Bitcoin moved back above $74,000 after reversing losses seen over the weekend. During Monday trading, it rose toward the $75,000 resistance after earlier weakness linked to geopolitical concerns around the Strait of Hormuz. The recovery brought the price back near the upper end of its recent range, following a brief retreat below $71,000.

Trading activity supported the move. CoinCodex data showed Bitcoin’s 24-hour trading volume jumping more than 60% to $48 billion, indicating buyers returned as macro pressure eased and broader sentiment improved.

Ethereum breaks above $2,300

Ethereum also traded above $2,348, rallying over 7% in the last 24 hours. The rebound followed softer price action and came as market participants tracked improving demand signals.

Ethereum’s 24-hour volume rose more than 26% to about $18.36 billion, reflecting renewed interest as ETH recovered alongside the wider market.

Bitmine data highlights large ETH holdings and staking

Earlier, Bitmine reported that its Ethereum holdings rose to 4,874,858 ETH, representing 4.04% of the token’s circulating supply. The company valued those holdings at about $10.7 billion using an ETH price of $2,206. Bitmine also said its total crypto, cash, and other investments reached $11.8 billion.

Bitmine added that 3.33 million ETH is already staked, generating about $212 million in annualized staking revenue.

Broader crypto market advances

Other major tokens rose in line with Bitcoin and Ethereum. XRP added 3.3%, Binance Coin rose 3%, and Solana increased 5%. Dogecoin gained over 3%, while Cardano surged 3.5%.

Total crypto market value increased 4% to $2.46 trillion, and total crypto trading volume rose 2.8%.

Equities firm as oil eases

The crypto rebound coincided with gains in traditional markets. The Nasdaq 100 rose about 1.2%, the S&P 500 climbed 1%, and the Dow Jones Industrial Average added 0.6%.

Oil pulled back below $100 per barrel after briefly rising above $105 during weekend tensions.