Bitcoin Breaks $68K, After Recent Price Slump

Bitcoin managed to regain its bullish momentum after the recent crypto market correction.

After the recent stock market crash, that deleted over $1 trillion, and the crypto market correction, Bitcoin is again on track to the $70,000 barrier.

At the time of writing, Bitcoin is trading at slightly over $68,000 after a 5% surge in the past 24 hours and has a $32.1 billion volume.

The total market cap of the crypto market reached $2.4 trillion after surging 4% and Bitcoin represents $1.34 of the total value.

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According to CoinGlass data, $122.90 million were liquidated in the past 24 hours ($40.3 million in long positions and $82 million in shorts),

The 1-day technical analysis from TradingView also showcases the investors’ bullish santiment. The summary and moving averages show “strong buy” at 16, while the oscilators point to “buy” at 2.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.