After a month and a half, Bitcoin once again stands at $90,000. In the past 24 hours, Bitcoin peaked at $94,142 and is currently priced at $93,570, up 7.06%. The last time Bitcoin saw $90,000 was on March 7.
This year, Bitcoin's market has been tumultuous, experiencing a rollercoaster ride. On January 20, it reached an all-time high of $110,000. However, it subsequently fell sharply, dropping to a low of $74,457 on April 7, with a maximum decline of over 32.3%. Just when the bears were preparing to pop champagne, Bitcoin bounced back, having risen 25.5% since the low on April 7.
Bitcoin's return to dominance has ignited the entire crypto universe. Ethereum (ETH) has taken up the 'second brother' banner, soaring 11.5%, while the 'internet celebrity brothers' SOL and Dogecoin recorded increases of 9.34% and 12.3%, respectively. The most impressive performance comes from the emerging force SUI coin, which skyrocketed by 22.4%, leaving holders exclaiming, 'Witness the miracle.' Even the traffic-attracting Trump coin (TRUMP) jumped on the bandwagon with an 11.6% surge.
Bitcoin-related stocks are also putting on a celebratory show: Coinbase's stock price rose by 8.57%, Canaan Creative increased by 8.33%, and mining giants like Bitfarms and Riot Platforms saw their stocks collectively rise, with increases exceeding 5%. Two heavyweight Bitcoin ETFs — ProShares Bitcoin Strategy ETF and Ishares Bitcoin Trust — also surged, indicating a clear influx of institutional funds.
In this crypto feast, not everyone is celebrating. According to Coinglass data, as Bitcoin broke a seven-week high, over 165,000 leveraged traders suffered 'double kills' in the past 24 hours, with a total liquidation amount reaching $625 million, of which $550 million was short liquidations. This serves as a reminder to the market: when crypto assets dance on the 'tip of the knife', greed and fear often lie just a hair's breadth apart.
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