Bitcoin hits new high of $86,967 as cryptocurrency market surges

Bitcoin has reached a new all-time high of $86,967.22, marking a 9.4% increase. Other cryptocurrencies also saw gains, with Ethereum rising 5.1% and Dogecoin jumping 20.7% to $0.322. Transaction activity surged, with large transactions up 52.5% and daily active addresses increasing by 18.4%. Bitcoin holders are all in profit, and trading volume for Bitcoin ETFs hit $1 billion in just 35 minutes. In the past 24 hours, over 193,000 traders were liquidated, totaling $681.83 million. Open interest in the market reached its highest level in over a year at $48.6 billion.