BTT - Bitcoin Ethereum Dogecoin Take A Siesta After February Frenzy: Analyst Sees Apex Crypto Pulling Back To $46K If Correction Occurs | Benzinga
Major cryptocurrencies traded mixed on Thursday, with Bitcoin and Ethereum taking a breather, signaling the onset of the profit-taking season.
What Happened: Bitcoin skyrocketed by 44% in February, surging past the $50,000 and $60,000 milestones for the first time in years, and reaching $64,000 on Wednesday.
In the last 24 hours, 114,440 traders faced liquidation, resulting in a total of $339.26 million in liquidated assets. The most significant liquidation occurred on Bitmex, involving the DOGE-USD with a value of $5.87 million.
CoinGlass data reveals that BTC longs amounting to $56 million were liquidated, and an additional $34 million in long positions were impacted during the same period.
The trading frenzy for U.S.-listed spot Bitcoin ETFs continued on Thursday, following the largest single-day net inflow on Wednesday. BlackRock’s IBIT (NASDAQ:IBIT), which ranks second in asset total among Bitcoin ETFs, maintained its position in the top 10 most-traded ETFs in the US by midday on Thursday. Barchart data revealed that it recorded over $1 billion in trading volume for the fourth consecutive day.
Top Gainers (24 Hour)
The global cryptocurrency market cap now stands at $2.32 trillion, showing a 5.76% increase in the past 24 hours.
The Nasdaq Composite surged on Thursday, reaching its first record high since November 2021. It soared 0.90% to close at 16,091.92, buoyed by the rally of tech stocks and chips at ...