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Bitcoin Surpasses $107,000 as Cryptocurrency Market Hits $2.65 Trillion

The cryptocurrency rally is fueled by easing inflation, rate-cut optimism, and record fund inflows, driving significant gains in Bitcoin and altcoins.

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dogecoin Ethereum Markets bitcoin Breaking Push XRP
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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.