Overview
- Bitcoin reached $107,000 on Sunday evening, marking its highest price since January and nearing its all-time high of $108,786.
- The cryptocurrency market added over $250 billion in value in recent days, pushing total market capitalization above $2.65 trillion.
- Altcoins saw significant gains, with Dogecoin up nearly 8%, XRP rising 4%, Ethereum gaining 3.5%, and Solana climbing over 4%.
- Over $128 million in Bitcoin short positions were liquidated, while Bitcoin futures open interest surged to a record $36 billion, signaling strong trader conviction.
- The Crypto Fear and Greed Index rose to 74, reflecting heightened investor optimism and increased buying pressure across the market.