The crypto market is experiencing significant growth driven by Bitcoin hitting a new record. Altcoins are also benefiting from this rally.
Bitcoin Approaches All-Time High
Bitcoin is trading around $112,152, close to its previous peak. The surge in price is driven by macroeconomic optimism, strong trading activity, and growing institutional interest.
Surge in Interest for Altcoins
Several altcoins are joining the upward trend, with Stellar (XLM) seeing an 11.7% increase. Memecoins are also active, with Dogwifhat (WIF) and Pepe (PEPE) both rising nearly 11%.
Liquidations and Institutional Investments Fuel Growth
The market is further energized by short liquidations totaling $465 million. Institutional investments are increasing, with crypto assets appearing on corporate balance sheets. Spot Bitcoin ETF inflows have reached $4 billion.
The crypto market is currently on the rise, with investor optimism supported by institutional investments and upcoming regulations driving positive trends.
