Degen

Bitcoin price continues its upward trend by breaking through the psychological resistance level of $90,000. The last time Bitcoin traded at this level was on March 7, about 6 weeks ago.

The cryptocurrency has grown by 3.3% in the past 24 hours and by 7.3% in the past week. According to data from CoinGecko, Bitcoin’s market dominance has reached 61.6%, indicating its better performance compared to altcoins. This dominance has reached a 4-year high, indicating strong investor confidence in this cryptocurrency.

Most altcoins are also in an upward trajectory. Ethereum is up 1.5%, Ripple is up 1%, and Solana and Dogecoin are up about 4% each. The upward movement has increased liquid positions in the derivatives market to about $320 million, mainly consisting of short positions worth $190 million.