Crypto market cap rises back above $3 trillion as bitcoin and altcoins climb

The total cryptocurrency market briefly moved back above $3 trillion on Tuesday as bitcoin and major altcoins posted broad gains. Bitcoin traded near $86,000, while ether, XRP, solana, BNB, and dogecoin also advanced. The rally came alongside rising derivatives activity, with open interest in crypto perpetual futures reportedly climbing to nearly $160 billion, its highest level since late October 2025. More than $920 million in bearish positions were liquidated on Monday, suggesting leverage played a role in the move. US spot bitcoin ETFs also saw nearly $1 billion in net inflows on Monday, their largest singleday intake since October 2025. Separately, Akedo's AKE token was one of the week's strongest performers, rising about 170% over seven days before pulling back sharply from its recent high.