Bitcoin Tops $87,000, Ethereum, XRP, Dogecoin Also Lift Amid 'Extreme Greed'—Analyst Declares Bear Market Over, Says This is the 'Next Stop' for BTC

Leading cryptocurrencies jumped to multi-month highs on Monday amid rampant optimism and growing “fear of missing out.”Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:30 p.m. EDT)Bitcoin (CRYPTO: BTC)+5.42%$85,789.27Ethereum (CRYPTO: ETH) +2.88%$2,752XRP (CRYPTO: XRP) +6.55%$1.51Solana (CRYPTO: SOL) +5.18%$117.96Dogecoin (CRYPTO: DOGE) +12.25%$0.09956Crypto Market EruptsBitcoin stormed past $87,000 for the first time since January, while trading volume jumped nearly 150% over the last 24 hours.Ethereum also rallied to a nearly 10-month high of $2,800, while XRP and Dogecoin recorded sharp upticks.Cryptocurrency-related stocks advanced, with Strategy Inc. ) and Bitmine Immersion Technologies Inc. ) closing up 9.47% and 8.70%, respectively.Over $1 billion was liquidated from the cryptocurrency market in the last 24 hours, with $840 million in bearish short bets wiped out, according to Coinglass data.Bitcoin’s open interest soared 8.44% over the last 24 hours. A jump in open interest alongside a jump in price typically indicates strong bullish momentum and fresh money entering the market."Extreme Greed" sentiment swept the market, according to the Crypto Fear & Greed Index.Top Gainers (24 Hours)Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:30 p.m. EDT)AIOZ Network (AIOZ) +40.05% $0.1289Four (FORM) +34.29% $0.3533Pepe (PEPE) +24.66% $0.000005052The global cryptocurrency market capitalization spiked to $2.91 trillion, representing a 4.28% increase over the last 24 hours. Read Also: Stocks Rally, Nasdaq Closes at RecordThe stock market kicked off the new trading week strongly. The Dow Jones Industrial Average rallied 366.19 points, or 0.71%, to settle at 52,048.83. The S&P 500 rose 1.49% to end at 7,764.70, while the tech-focused Nasdaq Composite surged 2.26% to close at a record high of 27,122.09.Iran relayed conditions to the U.S. for re-engaging in negotiations aimed at ending the war. Meanwhile, President Donald Trump told Fox News he would "probably" be open to meeting with Iranian President Masoud Pezeshkian during the United Nations General Assembly this weekEnd of Bear Market?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, stated that Bitcoin’s surge won’t stop anytime soon, targeting $90,000-$91,000 next, with potential extension to $98,000-$100,000.“I don’t think I’d be betting against this trend,” Van De Poppe added. “The bear market is over.”What a breakout of .I don't think I'd be betting against this trend. This won't stop soon. Not after a day like this.Next stop: $90,000-91,000.If there's enough strength, we might even run to $98,000-100,000 in this rally.The bear market is over. At the same time, Bitcoin’s bullish commentary surged to its highest level since 2024, according to on-chain analytics firm Santiment.“Crypto often punishes crowded expectations,” Santiment warned. “Extreme fear can appear near exhaustion lows, while synchronized ‘higher from here’ confidence can develop near local tops.”🚨 BREAKING: Bitcoin FOMO Hits Highest Level Since 2024!🚀 Crypto’s mood has flipped hard into celebration. Talk of Bitcoin and crypto expected to go even "higher" or staying bullish has surged far above bearish language as pushed toward $87K, helped by a massive short… Read Also: Is Solana's Next 'Token Supercycle' Taking Shape? Expert Identifies Three Key Indicators Photo: KateStock / Shutterstock