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.