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Bitcoin clears $94,500 as altcoins steal the spotlight
Source: CryptoNewsNet Original Title: Bitcoin clears $94,500 as altcoins steal the spotlight: Crypto Markets Today Original Link: The crypto market kicked off Wednesday in jubilant fashion as bitcoin broke above $94,500 for the first time since November and several altcoins posted double-digit gains.
The move comes after a strong start to the year for precious metals in light of political and economic turmoil in Venezuela and Iran, which put bitcoin’s “safe haven” narrative firmly back on the table.
While bitcoin’s rally — 3% since the move started on Tuesday — left around $500 million in liquidations in its wake, the move was overshadowed by gains in DASH, OP and ENA, all of which rose by more than 10%.
DASH’s gain early Tuesday was a signal of what was to come. The privacy coin notched its largest daily increase since 2021 in a show of altcoin optimism. The move extended into Wednesday as it added another 28% since midnight UTC.