Bitcoin Price Surpasses $90,000 for First Time in Six Weeks

Since the night of April 21, the price of Bitcoin has risen by about 7% and exceeded the $90,000 mark for the first time since March 6.

According to CoinGecko, Bitcoin’s market share currently stands at around 61.6% and has continued to grow in recent days. This indicates that the most popular cryptocurrency is outpacing the altcoin market. According to the same source, Bitcoin’s dominance has reached a 4-year high, indicating a high level of investor confidence in the cryptocurrency.

As for altcoins, many of them are also showing growth. For example, the Ethereum rate increased by 1.5%, XRP by 1%, and SOL and DOGE added almost 4% each. The total capitalization of the cryptocurrency market has remained almost unchanged over the past 24 hours and amounts to about $2.75 trillion. The volume of digital asset trading over the same period reached about $87 billion.

According to Coinglass, traders who shorted Bitcoin have collectively lost more than $100 million in forced liquidations in the last 24 hours.