After a slight correction BItcoin regained its bullish momentum and just reached a new all-time high (ATH) above $94,000.
At the time of writing, Bitcoin (BTC) is trading at $94,300 after a 1.85% surge in the past 24 huors and 7.3% on the weekly chart. With a trading volume of $75.2 billion and a market cap of around $1.865 trillion, BTC is still dominating the crypto market.
During the past day $330.96 million were liquidated from the futures markets – $212.05 million in longs and $118.91 million in short positions – Bitcoin accounted for $89.11 million.
The 1-day technical analysis from TradingView also shows signs of positive momentum. The summary points to “buy” at 15, while moving averages show “strong buy” at 14. Oscillators remain “neutral” at 9.
The total cryptocurrency market is up 1% in the past 24 hours at $3.13 trillion.
The biggest winner in CoinMarketCap’s top 100 tokens is Cardano (ADA) with a 11.7% surge in the past 24 hours and a remarkable jump of 54.53% since last week, and is currently priced at $0.8262.
Despite Bitcoin soaring past $120,000 and testing new all-time highs, several high-frequency market indicators suggest that the current bull run may still be gathering momentum.
As Bitcoin smashes through all-time highs, crypto-related conversation is surging across social media.
In a striking contradiction to its long-held skepticism toward cryptocurrencies, Vanguard Group now owns more than 20 million shares of Strategy Inc.—the software company famously tied to Bitcoin through its massive holdings.
Bitcoin’s fall from its recent $123,000 all-time high to $117,000 sparked waves of speculation—but according to Deutsche Bank, this isn’t a typical cooldown.