Dogecoin (DOGE) Records Highest Daily Increase as Bitcoin (BTC) Hits $109K: Cryptocurrency Update

Bitcoin's price action has been relatively stagnant, although it briefly exceeded $109,500 recently. Most digital currencies showed growth, with Ethereum approaching $2,600 and XRP nearing $2.3. Bitcoin had a multi-day peak of about $110,500 but was pushed back to roughly $108,000. Its market capitalization has risen to $2.165 trillion, though its dominance over alternative currencies is now less than 63%.

Significant growth was seen in Dogecoin, which surged over 5% to over $0.17. The total cryptocurrency market added over $40 billion in a day, reaching $3.440 trillion. However, TON was an exception, dropping almost 6% following the UAE's denial of a golden visa partnership claim.