Bitcoin, the number one cryptocurrency by market cap, seems unstoppable at the moment, with its price reaching a new all-time high (ATH) of over $84,000.
With a daily surge of 5.5% and 22.83% in the past 7 days, Bitcoin is drawing all the attention to the cryptocurrency market.
With a market cap of $1.661 trillion and $86.3 billion in trading volume, Bitcoin continues to shock the world with its massive gains and upward trajectory.
In the past 24 hours alone, $643.71 million were liquidated form the futures market – $344.51 million in long positions and $155.4 million in Bitcoin.
The total cryptocurrency market cap is up 3.66% in the same timeframe and is currently over $2.83 trillion – nearing the $3 trllion milestone.
At the time of writing, BTC’s price retraced to around $83,600.
Bitcoin’s market signal has officially shifted back into a low-risk phase, according to a new chart shared by Bitcoin Vector in collaboration with Glassnode and Swissblock.
Financial author Robert Kiyosaki is once again sounding the alarm on America’s economic health.
Metaplanet Inc., a Tokyo-listed company, has just added 780 more Bitcoin to its treasury. The purchase, announced on July 28, cost around ¥13.666 billion or $92.5 million, with an average price of $118,622 per BTC.
The United States and China are expected to extend their trade truce by 90 days. The extension would delay new tariffs and create space for fresh negotiations in Stockholm.