Bitcoin Surges Past $108,000, Dogecoin Gains 5%

Bitcoin (BTC) has surged past $108,000, marking a significant milestone as it approaches its all-time high. This upward momentum has been accompanied by a notable 5% gain in Dogecoin (DOGE), while other altcoins have also experienced substantial increases. The crypto market has seen renewed momentum with BTC climbing and DOGE leading major altcoins.

BTC posted a 0.6% gain over the last 24 hours, with its market capitalization climbing above $2.16 trillion. Ethereum (ETH) followed with a 1.7% rise, reaching $2,565.49 amid steady demand across major exchanges. Dogecoin (DOGE) was the strongest performer among large-cap assets, surging by 5.0% to $0.1724. This sharp move was supported by increased trading volume and growing retail participation, making DOGE one of the most actively watched tokens of the day.

Other major cryptocurrencies posted moderate gains, with XRP rising by 1.2% to $2.26 and BNB (BNB) adding 0.9% to trade at $661.36. Solana (SOL) recorded a 2.0% increase to $151.18, maintaining its recent positive momentum. Altcoins followed Bitcoin’s lead, gaining traction as capital spread across the market. Investor sentiment appeared to strengthen, helped by steady liquidity and technical support across multiple assets.

Several smaller-cap cryptocurrencies posted significant gains, with Viction (VIC) leading the market. VIC surged 82.7% to $0.279, backed by strong trading volume. Supra (SUPRA) climbed 34.6%, while Cobak (CBK) advanced 22.8% in a day of broad altcoin strength. International Meme Fund (IMF) gained 21.9%, rising to $1.01. MAGIC•INTERNET•MONEY (MIM) added 18.4%, closing out the list of top performers. These movements suggest a rising appetite for higher-risk tokens as bullish sentiment spreads.

Bitcoin’s rise above $108,000 signaled stronger momentum, though it remained below all-time highs. Dogecoin led the market with a 5% jump, while altcoins across the board benefited from increased interest and trading volume at the start of the week. The recent price movements in Bitcoin and other major cryptocurrencies have sparked discussions about the potential for a new all-time high. Analysts have noted that holding above $108,000 is critical for Bitcoin to avoid a downward spiral, as this level has been identified as a key support point. The stability of Bitcoin's price near $108,000, despite geopolitical tensions and other market uncertainties, suggests that investors remain optimistic about its long-term prospects.

The surge in altcoins, including Dogecoin and Ethereum, indicates a growing interest in the broader cryptocurrency market. Dogecoin's 5% gain is particularly noteworthy, as it has historically been known for its volatility and speculative nature. The recent price movements in Dogecoin and other altcoins suggest that investors are looking beyond Bitcoin and exploring other opportunities in the cryptocurrency space. The overall market sentiment appears to be bullish, with investors optimistic about the potential for further gains in the cryptocurrency market. The recent price movements in Bitcoin and other major cryptocurrencies have been driven by a combination of factors, including investor confidence, speculation, and the potential for further gains as the market continues to evolve. As the cryptocurrency market continues to mature, it is likely that we will see further price movements and volatility, as investors seek to capitalize on the potential for significant returns.