Bitcoin Surges Past $81,000 as XRP and Zcash Lead Market Charge

Bitcoin has broken through the $81,000 barrier after experiencing a 4.90% increase over the last 24 hours.

This surge has pushed Bitcoin back into positive territory for the week, with its weekly gains now at 0.85%. Ethereum is also tracking this movement closely, rising 4.83% to reach $2,503.35.

XRP and Zcash are among the top performers in the market, with XRP climbing 8.39% to $1.44 and Zcash surging 15.94% in 24 hours to trade at $942.46.

The total market capitalization has climbed by 4.95%, currently sitting at $2.73 trillion. However, the 'Altcoin Season' index currently holds at 35 points, suggesting that while specific tokens are showing strength, these movements have not yet translated into a broad outperformance of altcoins relative to Bitcoin.

The market has seen significant liquidations over the last 24 hours, reaching $659.15 million. This highlights the impact of the price surge on leveraged traders and suggests active deleveraging during the price move.