Bitcoin surges to 18-month high, leads market-wide rally By

© Reuters

surged to an 18-month high of $36,000 on Binance today, before settling around $35,300. This upward trend sparked a market-wide rally and resulted in a liquidation of $160 million in short positions over a 24-hour period. As a result, Bitcoin’s market dominance has soared to 51%, outperforming most altcoins except (SOL), UNI, ADA, and DOGE.

SOL continued its uptrend with a significant rise of 33% over the past week and a daily gain of 12%, trading at around $43.60. Other altcoins such as UNI, ADA, DOGE, and AAVE also saw substantial gains. AAVE leads the top 100 altcoins with an increase of almost 16%.

In contrast, Rollbit’s RLB saw the highest loss in the market at 10.4%. Despite this slowdown for RLB, the overall cryptocurrency market has demonstrated significant growth, mainly due to the impressive rise of Bitcoin.

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