Bitcoin, the world's largest cryptocurrency, has surged and set a new record at $91,827.
Bitcoin's Sharp Price Rise
At the time of writing, Bitcoin reached an all-time high of $91,827. Recently, it has significantly accelerated its momentum, achieving this record in a short period.
Market Volatility and Liquidations
Due to high market volatility, there have been significant liquidations. In the last 24 hours, $635 million have been liquidated, with $156 million in Bitcoin, while the rest were in Ethereum, Dogecoin, and PNUT.
Reaction of Other Cryptocurrencies
With Bitcoin's rise, Ethereum's price also took off, showing a 3% increase in the last hour. Among altcoins, memecoins like WIF, PEPE, and BRETT rose the most, with PEPE's rise attributed to its listing on Coinbase.
By setting a new high, Bitcoin reaffirmed its influence on the cryptocurrency market, contributing to volatility and invigorating the trading of other digital assets.
