Cryptocurrencies have shown resilience, trading higher despite a sharp rise in crude oil prices that unsettled global markets. The overall market capitalization climbed more than 2 percent in the past 24 hours to $2.36 trillion, with trading volume surging 52 percent to $99 billion. Bitcoin led the gains, rising 3.2 percent to $69,317.58.
The cryptocurrency market has remained upbeat even as commodity markets faced disruption from an 11 percent overnight spike in crude oil prices. This volatility also contributed to higher global bond yields, falling equity prices, retreating precious metals, and a strengthening U.S. dollar against major currencies.
Boosting sentiment, Strategy Inc (MSTR), based in Virginia and led by Michael Saylor, purchased 17,994 Bitcoins valued at $1.28 billion on Monday. This brought the company's total Bitcoin holdings to 738,733, representing 3.52 percent of Bitcoin's total supply. The average cost of these holdings now stands at $75,862, down slightly from $76,056 previously.
Bitcoin, the market leader, fluctuated between $65,639 and $69,398 over the past day, ending up 3.2 percent at $69,317.58. This price is about 45 percent below its all-time high of $126,198.07, reached on October 7, 2025. Over the past week, Bitcoin gained 4.5 percent, though it has lost more than 20 percent year-to-date. It ranks 13th globally by market capitalization, according to companiesmarketcap.com.
U.S. Bitcoin spot exchange-traded funds (ETFs) saw net outflows increase to $349 million on Friday, up from $228 million the previous day. Fidelity Wise Origin Bitcoin Fund (FBTC) recorded the largest at $159 million, followed by iShares Bitcoin Trust ETF (IBIT) with $144 million.
Ethereum rose 4.4 percent to $2,026.05, trading 59 percent below its peak of $4,953.73 from August 25, 2025. Its spot ETFs had outflows of $83 million on Friday, with Fidelity Ethereum Fund (FETH) leading at $68 million. Ethereum now holds the 70th position in global asset rankings.
Other major cryptocurrencies also mostly advanced: BNB increased 3.4 percent to $637.59; XRP gained 1.4 percent to $1.36; Solana jumped 4.1 percent to $85.51; Dogecoin rose 3.3 percent to $0.0918; and Cardano added 2.8 percent to $0.2585. TRON bucked the trend, slipping 0.87 percent to $0.2850.
