Crypto markets advanced on Friday, with total market capitalization rising to $3.042 trillion as Bitcoin reclaimed the $85,000 level, and pushed toward $86,000. Easing US Treasury yields and a sharp short squeeze improved near-term risk sentiment across the market, while major cryptocurrencies traded higher.
Total crypto trading volume over the past 24 hours stood at around $107 billion. Bitcoin accounted for 56.8% of the market, compared with 10.9% for Ethereum, according to CoinGecko data.
