Market Highlights:
The cryptocurrency market is experiencing a significant surge today, primarily driven by Bitcoin reaching new all-time highs. The global cryptocurrency market cap stands at **$3.5 trillion**, up by **4.52%** over the last day.
* **Bitcoin $BTC
Bitcoin has soared to a new record high, surpassing **$111,800** today, and was recently trading around **$110,679**, showing a **4.10% increase** in the past 24 hours. This rally is attributed to several factors, including sustained institutional interest, consistent inflows into spot Bitcoin ETFs, and positive regulatory developments like the advancement of the stablecoin bill in the US Senate. Even JPMorgan Chase CEO Jamie Dimon, a known crypto skeptic, stated the bank would allow clients to buy Bitcoin.
Ethereum is also showing positive momentum, trading around **$2,691.4**, up by **6.56%** in the last 24 hours. While it has seen some fluctuations, the overall trend for ETH is upward.
* **Altcoins:** The positive sentiment from Bitcoin's surge is extending to other altcoins. Many major cryptocurrencies by market cap are trading higher:
* XRP:** $2.4499 (+4.48%)
* BNB:** $686.27 (+5.51%)
* * (Solana):** $180.16 (+7.33%)
* **(Dogecoin):** $0.24366 (+8.11%)
* **ADA (Cardano):** $0.8099 (+8.35%)
Key News:
* **Bitcoin's New All-Time Highs:** Bitcoin has broken its previous all-time high set in January, reaching over $111,800. This is seen as a strong bullish resurgence, backed by robust institutional demand and improving macroeconomic clarity.
* **Regulatory Progress:** The US Senate's advancement of a bill to regulate stablecoins is boosting investor confidence in the crypto space.
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