Crypto Market Surge: Bitcoin Soars 5.6% to New Highs – SHIB Price, SUI and HBAR Also Gaining Traction

Bitcoin experienced a significant price surge today, reaching $92,892.57 with a remarkable 5.61% jump. This rise was accompanied by a massive 49.5% increase in trading volume, reaching $56.38B for the day. The crypto market witnessed notable gains across various coins, including Shiba Inu (SHIB), Sui coin (SUI), and Hedera Hashgraph (HBAR). The price action suggests bulls are pushing Bitcoin past the resistance at $92K, testing levels close to $94K. Interestingly, a large-scale short position was observed on Bitcoin with 6x leverage, highlighting the potential for volatility in this market.