100% of Bitcoin Addresses in Profit, Dogecoin No Longer to Add Zero, $575 Million Shorts Wiped Out: Crypto News Digest by U.Today

Bitcoin hits $111K, 100% of holders now in profit

Bitcoin faces no defined sell wall as overall holder profitability hits 100%

New Milestone. Bitcoin surged past $111,000, pushing 100% of circulating BTC (19.91 million coins) into profit, per IntoTheBlock.

The price of Bitcoin stunned the broader digital currency ecosystem after it reclaimed the $111,000 resistance level in the past 24 hours. Alongside the bullish BTC price shift, the top coin has recorded another impressive milestone regarding its on-chain adoption trend.

This includes both short-term and long-term holders — a historic moment for BTC adoption.

Market Outlook. Despite a slight pullback, bulls remain in control, with BTC up 2.29% at $111,269

According to data from IntoTheBlock, a total of 19,910,000 BTC in circulation are now “In the Money.”

This includes long-term and short-term buyers, most of whom held the coin throughout its most bearish weeks. With this Bitcoin price outlook, there is no resistance ahead for the coin as valuation could hit any level anytime.

Altcoin Rally. Ethereum, Cardano, and XRP (which just formed a golden cross) are all benefitting from Bitcoin’s bullish momentum.

Although bulls remain in control, the volatility on the market might trigger a potential reversal. Per CoinMarketCap data, BTC’s price is up 2.29% to $111,269 as of press time. Different altcoins, including Ethereum and Cardano, are riding on this general bullish wave to chart new price highs.

Dogecoin surges past $0.18 in strong rebound

Dogecoin may not slip below $0.10 again as current sentiment teases uptrends only

Price Recovery. Dogecoin rallied from $0.1715 to $0.1848 in 24 hours, now trading at $0.1802, up 3.56%.

Dogecoin, the king of meme coins, is flashing a recovery move after 30 days of volatility that saw the price dip to $0.1482. However, current development on the market suggests that the meme coin is no longer at risk of adding another zero to its price anytime soon.

Volume Spike. Trading volume soared 99.74% to $1.74 billion, signaling strong market activity and reduced sell-off risk.

Traders have also pushed the volume up by a significant 99.74% to $1.74 billion as they continue to actively transact. Given the current setup of soaring price and volume, DOGE is likely to continue in this trajectory. This higher user count and the activities of ecosystem whales suggest that the odds of a massive sell-off that could plunge the price deeper remains low or unlikely.

Bullish Sentiment. On-chain analyst Ali Martinez predicts a possible 50% surge, provided DOGE holds above $0.16.

Renowned on-chain analyst Ali Martinez had hinted that Dogecoin might witness an up to 50% price increase. According to Ali, DOGE needs to hold above $0.16 for a possible bullish run to occur. With the price flipping $0.18, market participants will have to hope history repeats itself and aligns with its pattern from 2023.

Bitcoin hits new All-Time High at $113,541

Bitcoin has managed to extend its impressive rally, entering price discovery mode

New Record. Bitcoin surged to a new all-time high of $113,541 on Bitstamp at 17:41 UTC.

Bitcoin, the leading cryptocurrency by market cap, reached a new all-time high of $113,541 at 17:41 UTC on the Bitstamp exchange, surpassing the $113,000 level for the first time.

Over $575 million in short positions were wiped out in 24 hours, per CoinGlass.

BTC vs. Amazon. Bitcoin is nearing Amazon’s market cap, signaling its rising dominance in global finance.

The market cap of the leading cryptocurrency has now swelled to $2.25 trillion.

Notably, Bitcoin is now close to surpassing retail giant Amazon by market cap for the first time. Meanwhile, some analysts are already eyeing $125,000 as a potential short-term target for the flagship coin.