Bitcoin surged past $110,000 overnight, setting a new all-time high and eclipsing the previous record of $109,241 set on Trump’s inauguration day. The rally boosted trading volume by 136% in 24 hours, lifting Ethereum above $2,600, with its volume increasing by 51%. Ethereum’s market dominance grew to 9% while Bitcoin’s narrowed slightly to 63.2%. The cryptocurrency market experienced $403 million in total liquidations, comprising $232 million in bearish short positions. Bitcoin shorts worth $713 million remain at risk if prices reach $112,000. Market sentiment remains in “Greed” as the global crypto market cap rose 1.93% to $3.41 trillion.
