🚀 Bitcoin surged to a record high of over $81,000, triggering a massive liquidation of $180 million for short-sellers. Ethereum, Solana, XRP, and Dogecoin all saw the surge, boosting market optimism. BTC’s market dominance rose above 59%, marking its strongest performance in years. Bitcoin-based ETFs also saw a big increase.
🐋 On the other hand, Justin Sun, the founder of Tron, attracted attention by selling nearly $70 million worth of ETH. This move was followed by other “whales” who also sold ETH, raising questions about the stability of Ethereum’s rally.
However, after this surge, the market experienced a price drop, raising concerns of a potential crash. Nevertheless, analysts remain optimistic, projecting BTC to reach $90,000 by the end of the year.