Bitcoin has surged past the $90,000 threshold for the first time in six weeks, marking a significant milestone in the cryptocurrency market. The leading digital asset recorded a 3.3% increase over the past 24 hours and has gained 7.3% over the past week, signaling renewed investor optimism and upward market momentum.
With a current market dominance of 61.6%, Bitcoin is outperforming the broader altcoin market and has reached its highest dominance level in four years. This rise underscores a strengthening confidence among investors and highlights Bitcoin’s continued role as the benchmark for the digital asset space.
The bullish momentum is not limited to Bitcoin. Major altcoins including Ethereum ($ETH ), XRP, Solana ($SOL ), and Dogecoin (DOGE) have also posted notable gains, contributing to the broader market uptrend.
The recent price surge has triggered a substantial wave of liquidations in the derivatives market, with total liquidated positions amounting to approximately $320 million. Notably, short positions accounted for around $190 million of this total, reflecting the intensity of the market's unexpected upward movement.
As Bitcoin continues its ascent, market participants are closely watching for sustained momentum and potential implications across both spot and derivative markets.#bit coin#BNBChainMeme #bitcoin
