Bitcoin Soars to $61,000 – Crypto Market in the Green

Bitcoin and the crypto market as a whole experienced a swift recovery this past day, with most prices being in the green.

Bitcoin (BTC) managed to claim the $61,000 mark after a 5.5% surge in the past 24 hours and 7% on the weekly chart. Just this morning Bitcoin was trading at $57,460. During this past day the trading volume of the number one cryptocurrency reached $34.36 billion.

The total liquidations in the past 24 hours amounted to $123.1 million ($49.93 million in long positions, and $72.24 million in shorts) and Bitcoin accounted for $46.93 million, as per data from CoinGlass.

The 1-day technical analysis from TradingView also seems rather bullish with the summary and oscillators showing “buy” at 14 and 2, respectively, while the moving averages show “strong buy” at 12.

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Ethereum (ETH) soared to $2,380 after a 4% surge on the 24-hour chart and has a trading volume of around $15.3 billion.

The biggest winners amongst the altcoins were Celestia (TIA) and Immutable X (IMX). TIA reached $5.2 after a 15.75% price jump in the past 24 hours (and 24.3% in the past 7 days), while IMX soared by 14.75% in the past day, reaching $1.42.

The total cryptocurrency market cap reached $2.11 trillion after a 4.32% surge.

Today was also the first day in three weeks that BlackRock’s Bitcoin ETF registered positive inflows (as well as all the other spot BTC ETFs).

Alexander Stefanov