Bitcoin surges to 18-month high, leads market-wide rally By Investing.com
© 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.
This article was generated with the support of AI and reviewed by an editor. For more information, consult our General Terms and Conditions.
