💥 Bitcoin Rockets Past $41K, Wiping Out $150M in Short Positions! 🚀

Bitcoin has unleashed a bullish surge, soaring above $41,000 for the first time in 18 months, creating ripples across the crypto landscape.

🌐 BTC Dominance and Derivatives Chaos:

Bitcoin's price surge triggered a total of $190 million in liquidated derivatives positions, with shorts taking a $150 million hit, according to Coinglass data.The dominance of Bitcoin in the market has spiked to 50.5%, underscoring its outperformance compared to the broader altcoin market.

📈 Altcoins Riding the Wave:

Ethereum (ETH) is riding high above $2.2K, registering a 4.1% daily increase and a substantial 10% weekly surge.Ripple's XRP is also in the green, with a 2% gain in the last 24 hours.

📊 Bitcoin's Remarkable Resurgence:

This surge marks a significant milestone, as the last time Bitcoin traded above $41K was in April 2022, underlining the resilience and renewed bullish sentiment in the market.The impressive rally not only brings gains for Bitcoin but also contributes to the positive momentum across the broader cryptocurrency space.

📉 Derivatives Markets in Turmoil:

The explosive move above $41K has led to a shakeup in the derivatives markets, emphasizing the potential volatility in the coming days.

📈 For real-time insights and updates on the crypto market, follow The Blockopedia. Ride the waves, make informed decisions! 🌊

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