Bitcoin Surges Above $64,000 – Are Bulls Taking Over?

Bitcoin (BTC) gained steam yet again and it surged above $64,000 after a notable 1.75% price increase in the past hour and 3% in the past 24 hours.

The number one cryptocurrency has a market cap of around $1.27 trillion and a $27.13 billion trading volume.

The total crypto market cap reached $2.22 trillion (+2.41%) during the same period.

Mog Coin (MOG) was the biggest gainer today, with a 22% surge, hitting a market cap of almost $700 million, leading the uprising of memecoins.

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In the past 24 hours $201.65 million were liquidated – $73.90 million in longs and $127.53 in shorts).

The 1-day technical analysis from TradingView also shows the current bullish market sentiment. The summary and moving averages show “strong buy” at 17 and 14, respectively, while oscillators point to “buy” at 3.

Despite this recent uptick, the price retraced to $63,700 at the time of writing.

Kosta Gushterov