Bitcoin Surges Above $64,000 – Are Bulls Taking Over?
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.
READ MORE:
Key U.S. Economic Events This Week That Could Impact the Crypto MarketIn 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tron Inc. acquires 146,214 TRX as price eyes $0.36 resistance
Dogecoin targets $0.177 as ETF inflows hit record $654,000 in one day
XRP price hits $1.51 as whale opens $3 million long position with 20x leverage
CoreWeave CEO Michael Intrator sells over 13,000 shares for $1.2M