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.