Dogecoin's price is surging this week as Bitcoin nears $104,000, with Ethereum outgaining both

Dogecoin is up 9% on the day and 27% this week, reaching its highest price in two months. Bitcoin's resurgence above $100,000 appears to be fueling a broader market sentiment rise.

Dogecoin’s price is surging this week as Bitcoin nears $104,000, and Ethereum outgains both.

Dogecoin is up 9% over the past 24 hours and 27% for the past seven days, reaching its highest price in two months.

Bitcoin’s resurgence above $100,000 appears to be fueling a broader market sentiment rise. BTC is currently priced at $103,700, just 5% down from its all-time high mark of $108,786.

Meanwhile, Ethereum has posted a substantial 32% increase over the past seven days, now sitting at $2,409.

Dogecoin hit its highest price in months early Saturday, nearly touching $0.23 amid the broader crypto market rebound.

This marks the highest recorded price for Dogecoin since March 2.

Dogecoin reaches two-month peak

Additionally, the open interest on Dogecoin futures has risen to its highest level since mid-February, currently at $2.52 billion.

Despite recent gains, both Dogecoin price and open interest remain well below their respective peaks. Dogecoin’s all-time high was $0.73 in 2021, and open interest peaked at $5.5 billion in January.

In comparison, other meme coins like Moo Deng (MOODENG) and Peanut the Squirrel (PNUT) have also shown significant gains this week, with MOODENG nearly tripling in price.

The crypto market’s resurgence has also led to notable liquidations, with short traders experiencing the most significant losses. Ethereum has been the main contributor to these liquidations, reflecting the broader market sentiment.

As the market continues to rise, traders are closely watching Bitcoin’s movements, with many speculating on whether it will break its previous all-time high.