Bitcoin Breaks $91K Again, Altcoins Follow Suit – What’s Next?

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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. Let’s break it down.

Bitcoin’s Surge – What’s Behind the Boom?

Bitcoin’s price reached $91,416, up by 1.13% in a single day. That’s huge, but it’s not stopping there. Over the past week, it’s been bouncing between $87K and $93K, showing some solid stability. The global crypto market now sits at $3.08 trillion, mostly thanks to Bitcoin holding strong with a $1.81 trillion market cap. Daily trading volumes are also through the roof, with Bitcoin raking in $75 billion alone.

But what’s driving all this? Institutional interest is a big factor. According to SoSoValue, Spot Bitcoin ETFs saw $254 million flow in, and with MicroStrategy planning to raise $1.75 billion, it’s clear that big players are betting big on Bitcoin’s future.

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Altcoins Are Joining the Party

It’s not just Bitcoin stealing the show. Ethereum is holding steady at $3,129, and developers are working hard to improve its scalability with Starknet. Solana’s also seeing some love, sitting at $241. BNB despite losing 0.95% in the last 24 hours, holding up at $618 and XRP is at $1.11. People are starting to talk about the possibility of an XRP ETF if the ongoing legal battle clears up.

There are also some altcoins getting major attention. Akash Network saw a big 40% boost after being listed on Binance Futures, while Hedera and Tezos gained around 28-30%. Meme coins like Dogecoin and Shiba Inu are moving too, but their gains are a bit more modest.

What’s Next for Crypto?

Bitcoin’s jump past $91K has got people excited. If this momentum keeps up, it might not be long before we see new record highs. Meanwhile, Ethereum’s development and potential XRP ETF are big things to watch out for.

With daily trading volumes hitting $566 billion according to Coincodex, it’s clear the crypto market has got a lot of energy right now. So, whether Bitcoin keeps pushing higher or altcoins start taking the lead, the crypto space is in for an interesting ride.