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.
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.
Ethereum is rapidly emerging as the institutional favorite, with new ETF inflow data suggesting a seismic shift in investor focus away from Bitcoin.
Ethereum (ETH) has just triggered a golden cross against Bitcoin (BTC)—a technical pattern that has historically preceded massive altcoin rallies.
Veteran trader Peter Brandt has reignited discussion around Bitcoin’s long-term parabolic trajectory by sharing an updated version of what he now calls the “Bitcoin Banana.”
Bitcoin is once again mirroring global liquidity trends—and that could have major implications in the days ahead.