Bitcoin’s price surpassed 110,000 USD, hitting a peak of 110,587 USD, which contributed to a market capitalization of 2.19 trillion USD. This marks a significant 63.8% of the total crypto economy.
The overall crypto market capitalization rose by 3.85%, with Bitcoin increasing by 4.1% in 24 hours. Other cryptocurrencies, including Ethereum and Dogecoin, also saw gains of over 6% and 5.6%, respectively.
Bitcoin futures open interest reached 696,450 BTC (76.69 billion USD), showcasing active institutional interest. The options market tilted towards bullish calls, with 62.38% of open interest in call contracts.
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