The cryptocurrency market witnessed a surge as Bitcoin surpassed the psychological $100,000 mark, igniting a rally among proof-of-work (PoW) coins. Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC) emerged as the standout performers, posting notable gains as investors flocked to established PoW assets. The milestone marks Bitcoin’s increasing dominance, attracting renewed attention to cryptocurrencies leveraging similar consensus mechanisms.
Market analysts credit the rally to increased institutional adoption and improving sentiment around crypto’s resilience amid regulatory uncertainty. While Bitcoin’s breakout reaffirmed its status as the bellwether of the digital asset market, the momentum in coins like DOGE and LTC suggests investors are exploring diversification within the PoW ecosystem. With the market riding this bullish wave, traders remain optimistic about further upward trends across the crypto landscape.
