Dogecoin's price has surged by 27% this week, reaching highs not seen in two months, fueled by Bitcoin's approach to $104,000. The price of Dogecoin recently peaked at nearly $0.23, reflecting a significant rebound in the broader cryptocurrency market. Following the increase in price, Dogecoin's open interest in futures contracts has also climbed to its highest level since mid-February, now valued at $2.52 billion. Bitcoin is only 5% below its all-time high of over $108,000 set in January. Ethereum has outperformed both Bitcoin and Dogecoin, registering significant gains, with analysts crediting its upgrade and a positive shift in market sentiment for its performance. The market appears poised for further upward movement as investors respond to the rising prices of cryptocurrencies.

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