Bitcoin Soars Above $110K, Nearing Record as Ethereum and Dogecoin Rise
Summary
Bitcoin surpassed $110,000, marking its first time above this level in nearly two weeks, driven by optimism over U.S.-China trade talks. Bitcoin's price rose 3.5% in 24 hours and nearly 5% over the past week. Major altcoins like Ethereum and Solana also saw gains, with Ethereum up 4.5% and Solana rising over 3%. Meme coins such as Dogecoin and Shiba Inu increased by 4.5% and 2.5%, respectively. Crypto short positions worth $323 million were liquidated, with Bitcoin leading at $196 million. Despite trade tensions, Ethereum ETFs experienced positive inflows for 15 consecutive days.
