Bitcoin Sets New All-Time High Above $105,000

After reclaiming the $100,000 level, Bitcoin seems to have gained momentum and continues to surge.

Bitcoin’s price recently broke the $105,000 level, marking yet another historic moment for the cryptocurrency industry.

At the time of writing, BTC is trading at $104,800 after a 3.28% surge in the past 24 hours with $50 billion in trading volume. Bitcoin is up more than 4% on the weekly chart and.has a market cap of $2.07 trillion.

The top cryptocurrency is currently the 7th most valuable asset in the world, right after Google.

READ MORE:

Top Economist Argues Bitcoin’s Fixed Supply Makes It Superior to Gold

The total market cap of all cryptos grew 2.67% and hit $3.7 trillion.

As for the futures market, $225.6 million were rekt in the past 24 hours – $102.62 million in long positions and $122.98 million in shorts. BTC accounted for $50.44 million of those liqidations, according to data from CoinGlass.

The 1-day technical analysis from TradingView reflects the current bullish momentum – the summary shows “buy” at 15, the moving averages pont to “strong buy” at 14, while oscillators remain “neutral” at 9.

Alexander Zdravkov