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.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.