Bitcoin Hits New All-Time High at $109,000
Bitcoin’s Price Surges Despite Volatility
Bitcoin (BTC) reached a new all-time high of $109,000 after a volatile trading week. The cryptocurrency briefly dropped below $100,000 before rebounding dramatically.
Last Monday, BTC fell below $90,000, marking its lowest level since November. It recovered quickly, climbing past $100,000 by midweek after favorable CPI data.
On Sunday, Bitcoin surged to $106,000 but then dropped again under $100,000. Today, it skyrocketed to $109,000, setting a new record.
Bitcoin’s market cap now stands at $2.14 trillion, with a dominance rate of 55.4% over altcoins.
Chainlink Leads Altcoin Gains
Altcoins are showing strong daily performance despite early-week volatility. Ethereum rose 5.5% to $3,400, while ADA hit $1.1 after similar gains.
Chainlink (LINK) outperformed, surging 15% to exceed $26. Other altcoins, including XRP, BNB, DOGE, XLM, TRX, and AVAX, also turned green.
Meme Coins Add to Market Volatility
The newest meme coins, TRUMP and MELANIA, experienced significant price swings. They remain highly volatile as trading continues.
Crypto Market Cap Surpasses $3.86 Trillion
The total cryptocurrency market cap added over $100 billion, reaching $3.86 trillion today. This marks a strong start to the trading week.
Source: CryptoPotato
