Bitcoin Breaks $91K Again, Altcoins Follow – Crypto Market Boom Explained

Bitcoin has jumped above $91,500 once again marking a $1,100 rise in just 24 hours. The whole crypto market’s buzzing, and it’s not just Bitcoin. Altcoins like Ethereum and Solana are riding the wave with steady 1-2% gains. With big names like MicroStrategy making moves and some legal drama around XRP, there’s a lot happening right now.

Is this the start of another historic bull run, or are there surprises ahead?

Let’s unpack the numbers and trends shaping this thrilling market rally.

Bitcoin’s Latest Rally – What’s Behind the Boom?

Bitcoin hit $91,416, marking a 1.13% jump in a single day. Over the past week, it has stayed strong, trading between $87,000 and $93,000. This stability has helped push the global crypto market to $3.08 trillion, with Bitcoin dominating at $1.81 trillion. Daily trading volumes are also booming, with $75 billion worth of Bitcoin traded in the last 24 hours.

But what’s driving all this? Institutional interest is a key factor. Spot Bitcoin ETFs brought in $254 million in inflows, according to SoSoValue. At the same time, MicroStrategy is planning to raise $1.75 billion, showing that major investors remain confident in Bitcoin’s future.

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Altcoins Are Joining the Party

Bitcoin isn’t the only one performing well. Altcoins are also seeing notable movements:

XRP: At $1.11, with growing speculation about a potential ETF if its legal issues are resolved.

Ethereum: Holding steady at $3,129, with developers working on Starknet to improve scalability.

Solana: Trading at $241, maintaining its momentum.

BNB: Down 0.95% in the last 24 hours but still holding at $618.

Some lesser-known altcoins are making significant strides. Akash Network jumped 40% after being listed on Binance Futures. Hedera and Tezos gained 28-30%, reflecting increasing interest in diverse projects. Meme coins like Dogecoin and Shiba Inu are also showing modest gains.

Read Bitcoin price prediction and discover why the crypto market is surging Is $91K just the beginning?

What’s Next for Crypto?

Bitcoin’s rise above $91,000 has sparked optimism about even higher prices. Ethereum’s ongoing upgrades and the possibility of an XRP ETF are also key developments to watch. Daily trading volumes have hit $566 billion, according to Coincodex, highlighting strong activity across the market.

Whether Bitcoin continues its climb or altcoins take center stage, the crypto space is gearing up for an exciting ride ahead.