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The token broke through $1.50 resistance on a 125% volume spike, pushing its market cap to $93.4 billion. Binance futures open interest has climbed 59% since October even as the price remains 58% below its high.
Ether jumped 13%, XRP surged 11%, and solana gained 9.7% over seven days as $767 million in ETF inflows and ceasefire speculation fueled the broadest rally since before the war.
Bitcoin briefly surged to a six-week high above $75,000 before quickly retreating, underscoring the fragility of the latest rally.
Bitcoin’s move, led by unwinding of shorts, has lifted the broader crypto market, with the CoinDesk 20 Index up 5%.