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.
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.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.
Despite common fears that global crises spell disaster for crypto markets, new data from Binance Research suggests the opposite may be true — at least for Bitcoin.
A new report by crypto analytics firm Alphractal reveals that Bitcoin miners are facing some of the lowest profitability levels in over a decade — yet have shown little sign of capitulation.