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Bitcoin (BTC), the first and largest cryptocurrency by market capitalization, recently soared past the $110,000 mark, sparking excitement and speculation across the crypto community, with Dogecoin cofounder Billy Markus joining in on the conversation.
In his characteristic humorous fashion, Markus reacted to Bitcoin's surge with a post on X stating, "Bitcoin randomly decided to get exciting."
Bitcoin surpassed $110,000 late Monday afternoon for the first time in over two weeks, reaching a high of $110,651.
The Dogecoin cofounder's remark reflects broader surprise at Bitcoin’s recent momentum following a period of lackluster trading activity.
The biggest cryptocurrency by market capitalization is currently trading at $109,524, up 2.68% in the last 24 hours. BTC has risen nearly 5% in the last seven days after falling to a low of $100,377 on June 5 as part of a recent decline that began in late May.
At current prices, Bitcoin is inching closer to its all-time high of $111,814 achieved in May, now down 2.24%.
Crypto market in green
Major altcoins were in the green as Bitcoin rose with Ethereum, the second largest coin by market capitalization, trading above $2,690, up 7.2%, and several other digital assets posted significant gains, some as high as 18%.
Dogecoin rose 4.23% in the last 24 hours to $0.1918 but fell 1.98% weekly. According to CoinGlass data, about $435 million in cryptocurrency positions were liquidated over the past day, with shorts accounting for $374 million.
In Dogecoin news, Heritage Distilling Holding Company, North America's most acclaimed craft distillery, has announced the upcoming launch of House of Doge Bourbon, a Dogecoin-inspired whiskey created in collaboration with the Dogecoin Foundation.
Vladislav Sopov
U.Today Editorial Team