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As of press time,
Bitcoin is trading at $93,069, up 5% in the last 24 hours.
Ethereum has jumped 12% to $1,768 while
Solana is up 7% at $149. The cryptocurrency market’s overall market capitalization has increased by 4% to just over $3 trillion.
According to Coinglass data, $602 million was liquidated from the cryptocurrency market in the last 24 hours, a 130% increase. Furthermore, open interest rose 14% to $121.6 billion, indicating a rise in leveraged bets on the market. Despite the overall market rally, the Altcoin Season Index, which stands at 16, shows that the market is still in “Bitcoin Season.”