Bitcoin Breaks $87k Barrier, Crypto Markets Surge as Bitcoin Reaches New Record High

The cryptocurrency market experienced a surge today, driven largely by the rise of Bitcoin above $87,000. This move marks a new all-time high, with Bitcoin’s price spiking nearly 4% in anticipation of the weekly opening on Monday. The rest of the crypto market followed suit, with Ethereum, XRP, and LINK experiencing gains of over 3%. After lingering near $85,000 for several weeks, Bitcoin is now poised to surpass $90k before the week’s end. Analysts attribute this surge to positive developments in DeFi applications and increasing institutional investments. The daily trading volume for Bitcoin reached a staggering $27.4 billion as of press time.