Bitcoin edged above $88,000 on Monday but lagged the broader rebound in US equities, with the cryptocurrency still nursing losses from last week’s selloff. The modest move higher underscores the market’s cautious mood, as bullish conviction remains muted.
The original cryptocurrency began to recover over the weekend after slumping to a seven-month low of $80,554 on Friday. Bitcoin, which had tumbled more than 20% in the past four weeks, was up less than 1% to about $88,400 on Monday. Other smaller, more volatile tokens increased more, with XRP jumping about 7% and Solana about 3% higher.
