Bitcoin Jumps Above $105K for First Time Since January as XRP, Dogecoin Rise

Bitcoin continued its recent rebound back towards its all-time high mark, rising above $105,000 Sunday for the first time since January as other top coins show even larger daily gains.The leading cryptocurrency is currently trading for $105,414, per data from CoinGecko, rising more than 2% on the day and pushing its 30-day spike to nearly 25%. At its current price, Bitcoin is currently just 3% away from its all-time high peak of $108,786 set back on January 20, President Trump’s inauguration day.There’s no immediately obvious reason for the latest leg up for Bitcoin, though it reflects ongoing optimism for traders for risk-on assets as President Trump’s global trade war cools off.Also rising Sunday are XRP with a nearly 4% gain to $2.43, Ethereum (ETH) with a 3.5% rise to $2,563, and Solana climbing over 4% to about $175. Dogecoin is outgaining every other coin in the top 10 by market cap, however, jumping almost 8% over the past day to a current price of $0.232.Short traders are feeling the most pain over the past day as a result of the broader gains, with $128 million worth of short positions liquidated per data from CoinGlass—that’s from a total of $192 million worth of liquidations.