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.
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.