Bitcoin is nearing the $86,000 mark, demonstrating resilience after a volatile period. Despite a slight retracement yesterday, the dominant cryptocurrency maintains a strong position, supported by positive market sentiment. This follows a challenging week where Bitcoin briefly dipped below $75,000, a level unseen since November, triggered by renewed concerns over trade tensions. However, a subsequent pause in tariff implementations for most countries, excluding China, coupled with encouraging US CPI data for March, injected much-needed optimism into the crypto market.

The favorable economic indicators propelled Bitcoin past $83,000, with further gains over the weekend pushing it to $84,000. Sunday saw continued upward momentum, culminating in a peak of $86,000 on Monday, a level not reached in the preceding week. Although the price slightly corrected to $83,000 yesterday, Bitcoin quickly rebounded and is currently trading close to $86,000. Its market capitalization is just above $1.7 trillion, with a dominance of 61% over the altcoins, according to CG.

In the altcoin market, performance has been mixed. Several larger-cap altcoins have experienced minor losses, with SUI and DOGE leading the decline at approximately 3-4% each. SOL, TRX, AVAX, and SHIB are also showing slight decreases. Conversely, ETH, XRP, and ADA have posted negligible gains. TON stands out with a gain of over 4%, approaching the $3 mark. OM has struggled to recover from yesterday's significant drop, while HYPE has increased by 16% following a 3% daily rise.

Among the top 100 altcoins, FARTCOIN has emerged as the top gainer, surging by over 8% to reach $0.92. Overall, the total crypto market capitalization has increased by approximately $25 billion since yesterday, reaching $2.8 trillion, as reported by CG.