Bitcoin Reclaims $93K After Seven Weeks; $Fartcoin, $SUI, and $BONK Soar in Market

• Bitcoin Surpasses $93K with 8% Rise
• $381 million inflow into BTC ETFs
• Whales are accumulating Bitcoin and altcoins again

Bitcoin (BTC) has once again gained strength in the market by surpassing the US$ 93 mark once again, marking the first significant increase since the sell-off that occurred on March 4. In the last 24 hours, the cryptocurrency has registered an appreciation of more than 8%, being traded at US$ 93.900 during the afternoon of this Tuesday (22), in North American time.

BTC’s rally has also boosted the altcoin market, reflecting positive sentiment among investors. The total cryptocurrency market cap has risen by over 7% to approximately $2,95 trillion. The recent rally has also resulted in significant liquidations of leveraged positions, totaling around $348 million, most of which were associated with short positions.

One factor that helped bolster the optimism was the renewed appetite of whales. With gold hitting a new record high of approximately $3.500 per ounce, institutional investors appear to have redirected resources into the crypto market. On-chain data indicates that whales have resumed accumulating Bitcoin and some altcoins, which has contributed to the bullish sentiment.

Another highlight is the significant volume of net inflows recorded by spot BTC ETFs in the United States. This Tuesday alone, the sector totaled more than US$381 million in inflows, reinforcing the perception that the period of institutional retraction may be nearing its end.

Furthermore, the volume of open interest (OI) in futures markets has also increased significantly. According to data from Coinglass, total OI in cryptocurrencies has grown by around 13% in the last 24 hours, totaling US$120 billion. In the specific case of Bitcoin, OI has increased by more than 16% and reached approximately US$69 billion, indicating an increase in investor activity in futures contracts.

Featured Cryptocurrencies

This Tuesday (22), the cryptocurrency market witnessed a significant movement in three assets that stand out among investors: Fartcoin (FARTCOIN), Sui (SUI) and Bonk (BONK).

Fartcoin, a humorous cryptocurrency launched on the Solana blockchain, has appreciated 22,55% in the last 24 hours, trading at US$1,13. With a daily trading volume of over US$450 million, the coin has reached a market capitalization of approximately US$1,13 billion, ranking among the 70 largest crypto assets by market value.

Meanwhile, Sui, a smart contract platform developed by Mysten Labs, saw a 21,99% increase in the same period, reaching a value of US$2,68. With a daily trading volume of US$1,43 billion and a market capitalization of US$8,69 billion, SUI currently ranks 13th in the global cryptocurrency rankings.

Finally, Bonk, known as the “Dogecoin of Solana,” has appreciated 21,75% in the last 24 hours, trading at $0,000015. With a daily trading volume of $262,9 million and a market capitalization of $1,17 billion, BONK is among the 65 largest crypto assets on the market.

These movements reflect the growing interest of investors in alternative assets in the cryptocurrency market, especially in a scenario of recovery and widespread optimism.