Bitcoin surged above $91,600, marking a monthly high, while altcoins such as Dogecoin, Ethereum, and Solana also recorded significant gains on Tuesday. Dogecoin rose nearly 9%, Ethereum up 8%, and Solana increased by 6%. Overall, the crypto market is witnessing positive movements after recent turmoil, with substantial liquidations reported.
Recent market activity has revealed significant gains for altcoins including Dogecoin, Solana, and Ethereum, following a boost in Bitcoin’s value. Bitcoin rose to over $91,600, marking its highest price in over a month. Meanwhile, altcoins have recorded impressive daily increases, indicating a broader positive movement in the cryptocurrency market.
Dogecoin, known for being the first meme coin, experienced a nearly 9% rise within 24 hours, now priced at $0.172. Despite not reaching the heights of $0.48 seen in December, this uptick is welcomed by investors following a period of decline.
Ethereum gained close to 8%, currently valued at $1,703. Although it faced a rough patch, falling about 15% in the last month, today’s surge indicates a potential turn in its trend. In contrast, Solana, priced around $145, has rebounded significantly, rising 6% on the day after a notable 37% increase in two weeks.
Other cryptocurrencies are also thriving; Sui (SUI) surged by 11%, Fartcoin saw an impressive 20% increase, and Immutable (IMX) advanced by 16%. These performances highlight a strong daily gain among various altcoins, especially those beyond the top tier of market capitalisation.
Bitcoin itself has recorded a considerable 4.6% daily rise, reaching $91,508, with a peak earlier at $91,684. This marks an 8% increase over the week and an 18% increase over the past 14 days, emphasising the recent bullish trend.
Despite previous instability attributed to geopolitical factors, including tariffs and trade tensions, the recent optimism surrounding negotiations with China has positively influenced crypto markets. Recent data shows $347 million in liquidations in the past day, with significant contributions from Bitcoin and Ethereum, showcasing ongoing volatility in trading.
