Bitcoin and Ethereum led a broad crypto rally on Monday as risk appetite returned across digital assets and equities. Bitcoin climbed about 5% in 24 hours to trade above $74,000, while Ethereum gained about 7% and moved past the $2300 resistance. The wider crypto market also advanced, with total market value rising 4% to $2.46 trillion. 

What's Next as Bitcoin Price Reclaims $74,000

Bitcoin moved back above $74,000after reversing losses seen over the weekend. Market data showed the asset rising to the $75,000 resistance during Monday trading after earlier weakness tied to geopolitical concerns around the Strait of Hormuz. The recovery placed Bitcoin back near the upper end of its recent range and restored momentum after a brief retreat below $71,000.

Also, trading volume supported the move. CoinCodex data showed Bitcoin’s 24-hour trading volume jumping more than 60% to $48 billion. The rise in turnover suggested that buyers returned as macro pressure eased and broader market sentiment improved.

BTCUSD 1-Day Chart | Source: Coincodex

Following the massive rally, Binance founder Changpeng Zhao revealed why he committed fully to Bitcoin in its early years. He described the move as a long-term decision tied to the technology’s future. CZ said that after understanding Bitcoin in 2013, he viewed it as the defining opportunity of his era rather than a short-term trade. 

Zhao also recalledthat his first purchase was followed by an 18-month downturn, yet he chose not to sell during that period. He explained that this conviction came from confidence in Bitcoin’s long-term potential

Ethereum Price Breaks Above the $2,300 Resistance

Ethereum price also traded above $2,348, rallying over 7% in the last 24 hours. The rebound followed a period of softer price action and came as market participants tracked improving demand signals. Ethereum 24-hour volume also rose more than 26% to about $18.36 billion. The increase in activity indicated renewed interest as ETH recovered ground with the rest of the market.

ETHUSD 24 Hour Chart | Source: CoinCodex

Earlier, Bitmine’s Ethereum holdings rose to 4,874,858 ETH, accounting for 4.04% of the token’s circulating supply. The company valued those holdings at about $10.7 billion based on an ETH price of $2,206, while its total crypto, cash, and other investments reached $11.8 billion. Bitmine also said 3.33 million ETH is already staked, generating about $212 million in annualized staking revenue.

Broader Crypto Market Turns Higher

The broader crypto market moved in the same direction as Bitcoin and Ethereum. XRP price added 3.3%, Binance coin rose 3%, and Solana increased 5%, while Dogecoin gained over 3%, and Cardano surged 3.5%.

Total crypto trading volume also moved higher, rising 2.8%. Market sentiments improved as capital flowed back into large-cap tokens and traders responded to firmer price action across the sector.

The crypto rebound developed alongside a broader move in traditional markets. The Nasdaq 100 gained about 1.2%, the S&P 500 rose 1%, and the Dow Jones Industrial Average added 0.6%. At the same time, oil pulled back below $100 per barrel after briefly rising above $105 during weekend tensions. That shift reduced some of the pressure that had weighed on risk assets earlier.

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