Bitcoin, the number one cryptocurrency by market cap, seems unstoppable at the moment, with its price reaching a new all-time high (ATH) of over $84,000.
With a daily surge of 5.5% and 22.83% in the past 7 days, Bitcoin is drawing all the attention to the cryptocurrency market.
With a market cap of $1.661 trillion and $86.3 billion in trading volume, Bitcoin continues to shock the world with its massive gains and upward trajectory.
In the past 24 hours alone, $643.71 million were liquidated form the futures market – $344.51 million in long positions and $155.4 million in Bitcoin.
The total cryptocurrency market cap is up 3.66% in the same timeframe and is currently over $2.83 trillion – nearing the $3 trllion milestone.
At the time of writing, BTC’s price retraced to around $83,600.
The United States and China are expected to extend their trade truce by 90 days. The extension would delay new tariffs and create space for fresh negotiations in Stockholm.
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.”