Bitcoin Breaks $82,000 – Bullish Trend Continues

Bitcoin continues the bullish trend, breaking record after record - this time the number one cryptocurrency by market cap surged past $82,000.

Bitcoin is up 3.5% in the past 24 hours with a trading volume of around $79 billion. BTC’s market cap is currently at $1.624 trillion after an incredible 19.5% surge on the weekly chart.

The 1-day technical analysis from TradingView is extremely bullish – the summary and moving averages both show  “strong buy” at 17 and 14, respectively, while oscillators point to “buy” at 3.

This past day $638.66 million were liquidated from the cryptocurrency market – $363.85 million in long positions and $274.82 million in shorts. $124.22 million of these poitions were in Bitcoin.

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Despite a slight drop in the past 24 hours, Ethereum is still up almost 30% during the last 7 days and is currently trading at $3,180.

The biggest gainer for today is Dogecoin with the price surgin 22.4% to almost $0.3 with a $18.6 billion trading volume and $42 billion market cap. On the weekly chart DOGE is up around 87%.

The total cryptocurrency market cap rose by 2.16% in the past 24 hours, to 2.78 trillion.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.