Dogecoin (DOGE) Skyrockets with Biggest Daily Surge as Bitcoin (BTC) Hits $109K: Market Frenzy Unleashed

Dogecoin steals the spotlight—again—with a jaw-dropping rally while Bitcoin flexes its muscles at $109K. Meme coin or not, DOGE’s volatility is writing checks the market keeps cashing.

Bitcoin’s bull run isn’t just background noise. The OG crypto’s push past $109K has traders scrambling—proof that even in a world of DeFi and ETFs, BTC still calls the shots.

Meanwhile, Wall Street analysts clutch their pearls. ‘Irrational exuberance’ or not, crypto’s party shows no signs of last call—though someone should probably check on the leverage traders.

BTC Taps Multi-Day Peak

The landscape around Bitcoin has been quite stagnant since the start of the month. Recall that BTC traded at around $108,000 on July 1 but slipped in the following days to $105,000.

The bulls managed to defend that level and didn’t allow a further breakdown. Just the opposite, the asset started to regain traction almost immediately and surged by several grand to a multi-week peak of roughly $110,500.

While it seemed that BTC is preparing to break out of its consolidation phase and aim for a new all-time high, its progress stalled and was pushed south to a familiar ground of around $108,000. It didn’t make a MOVE during the weekend until late Sunday evening when it finally started to pump.

The culmination, at least for now, transpired earlier today when bitcoin tapped a multi-day peak of $109,600. It faced another minor rejection there and now sits just under $109,000.

Its market cap has risen to $2.165 trillion on CG, while its dominance over the alts has taken a hit and is below 63% now.

DOGE Pumps

Most larger-cap alts are in the green today. ethereum has neared $2,600 after a 2.6% daily jump, SOL is above $150 following a 3% surge, while HYPE is close to $40 after a similar increase .

Dogecoin has taken the main stage from the biggest alts, surging by over 5% to over $0.17. AAVE has jumped the most from the mid-cap alts and now sits at $286.

TON is among the few exceptions, having dropped by nearly 6% on a 24-hour scale after the UAE denied previous Toncoin claims about a golden visa partnership.

The total crypto market cap has added over $40 billion in a day and is up to $3.440 trillion on CG.