Today, Bitcoin set a new record surpassing $112,000, leading to price increases in many altcoins, notably HYPE.
New Bitcoin Records
Bitcoin broke above $100,000 on May 8 and has maintained this six-digit price range. Over the past weeks, it has oscillated between $103,000 and $105,000, except for a few breakout attempts. Last weekend saw another surge upwards, which was initially halted. However, yesterday the bulls gained control of the market, leading Bitcoin to establish a new record near $112,000. Its market cap now exceeds $2 trillion.
Statistics of Other Altcoins
Altcoins are also experiencing price increases today, with Ethereum up 5% above $2,650, XRP rising by 3.8%, and BNB trading above $680. Notably, altcoin HYPE has surged by 19%, now trading above $31.
Overall Cryptocurrency Market Situation
The total cryptocurrency market cap soared by over $120 billion, surpassing $3.6 trillion. Most altcoins are showing positive momentum, indicating a growing interest in cryptocurrencies.
Bitcoin continues to set new records, driving growth in other cryptocurrencies. Market trends suggest positive changes due to increasing investor interest.
