Bitcoin leads crypto market recovery past $3 trillion mark

Bitcoin has spearheaded a broad recovery across cryptocurrency markets, lifting total digital-asset capitalisation past the $3 trillion threshold. Strong demand from spot buyers and exchange-traded funds has underpinned the rebound.

However, rising open interest and funding rates suggest increasing leverage in the market. Analysts say the next phase of the rally will hinge on whether underlying demand can sustain momentum toward the psychologically significant $100,000 price level for Bitcoin.