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Bitcoin is back in business as it hovers at the $110,000 mark and proving once again why it’s called the king of cryptos. The comeback has everyone buzzing, including Dogecoin co-founder Billy Markus, whose cheeky X post sums up the craze entirely.
As the crypto market turns green, here are the insights on Bitcoin’s meteoric rise, altcoin gains, and a surprising Dogecoin-inspired whiskey venture.
Bitcoin’s Big Breakout
Bitcoin (BTC), the king of cryptocurrencies, soared to $110,651 on Monday, its highest in over two weeks. Markus, known for his playful commentary, quipped on X, “Bitcoin randomly decided to get exciting.”
Now trading at $109,625, BTC is up 1.73% in 24 hours (check live) and nearly 5% weekly, bouncing back from a June 5 low of $100,377. With its all-time high of $111,814 from May, just 2.24% away, Bitcoin’s bullish run has traders on edge, expecting to see whether it’ll break records again.
Altcoins Join the Party
It’s not just Bitcoin enjoying the spotlight.
The crypto market is coloured in green (up by 5.14%), with major altcoins riding Bitcoin’s tailcoat. Ethereum (ETH) surged 8.86 % to above $2,771, while other tokens notched gains as high as 18%. Dogecoin (DOGE) rose 4.23% to $0.1918, despite a 1.98% dip last week.
Liquidations Shake the Market
Volatility reigned, with CoinGlass reporting $456 million in liquidations, including $374 million from shorts. This market shake-up highlights the high stakes and quick changes explaining crypto’s dominance.
This wave of liquidations underlines crypto’s infamous volatility, but also its power to surprise and reward those who stay in the game.
Dogecoin’s Spirited Venture
Apart from trading, Dogecoin Foundation joined hands with Heritage Distilling Holding Company, North America’s top craft distillery, to announce House of Doge Bourbon, a whiskey inspired by the meme coin. This bold move highlights Dogecoin’s cultural clout, bringing crypto and mainstream markets closer.
What To Expect?
As Bitcoin enjoys this rally, the crypto world’s energy, fueled by altcoin gains and quirky collaborations, shows an exciting road ahead. Stay tuned for what’s next.