Bitcoin Soars to $61,000 – Crypto Market in the Green

Bitcoin and the crypto market as a whole experienced a swift recovery this past day, with most prices being in the green.

Bitcoin (BTC) managed to claim the $61,000 mark after a 5.5% surge in the past 24 hours and 7% on the weekly chart. Just this morning Bitcoin was trading at $57,460. During this past day the trading volume of the number one cryptocurrency reached $34.36 billion.

The total liquidations in the past 24 hours amounted to $123.1 million ($49.93 million in long positions, and $72.24 million in shorts) and Bitcoin accounted for $46.93 million, as per data from CoinGlass.

The 1-day technical analysis from TradingView also seems rather bullish with the summary and oscillators showing “buy” at 14 and 2, respectively, while the moving averages show “strong buy” at 12.

Ethereum (ETH) soared to $2,380 after a 4% surge on the 24-hour chart and has a trading volume of around $15.3 billion.

The biggest winners amongst the altcoins were Celestia (TIA) and Immutable X (IMX). TIA reached $5.2 after a 15.75% price jump in the past 24 hours (and 24.3% in the past 7 days), while IMX soared by 14.75% in the past day, reaching $1.42.

The total cryptocurrency market cap reached $2.11 trillion after a 4.32% surge.

Today was also the first day in three weeks that BlackRock’s Bitcoin ETF registered positive inflows (as well as all the other spot BTC ETFs).