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.
On Friday, Bitcoin’s price surged toward the $84,000 level, briefly surpassing $85,000, lifting the spirits of the crypto community.
Binance Research, the investigative branch of the leading cryptocurrency exchange, has released an insightful new study about Bitcoin (BTC).
The possibility that Bitcoin may repeat its 2024 market behavior, where it consolidated after hitting a record price, is still on the table, according to Markus Thielen, 10x Research’s chief crypto analyst.
Markus Thielen, head of crypto research at 10x Research, has raised the possibility that Bitcoin might revisit a similar pattern to its 2024 performance, where it consolidated after reaching an all-time high earlier in the year.