🎉 Bitcoin enthusiasts, rejoice! 🎉 BTC's price has been soaring in the past few days, hitting a whopping $41K for the first time in 18 months! 🚀 The last time we saw such numbers was back in April 2022. This impressive rally has caused a bit of chaos in the derivatives markets, with a total of $190 million worth of liquidated derivatives positions, $150 million of which were short. 😲
But wait, there's more! 🤩 Bitcoin's dominance has also spiked, currently standing at 50.5%. This means that BTC has outperformed the altcoin market, showing its true strength! 💪
Don't worry, altcoin fans, most of them are also in the green. Ethereum (ETH) is trading above $2.2K, marking a 4.1% increase on the day and 10% on the week. Ripple's XRP is up by 2% in the past 24 hours. 🌱 So, let's keep our eyes on the crypto market and see where this exciting journey takes us! 🌟