BTT - Bitcoin Nears $69K On Verge Of Touching All-Time High — Ethereum Dogecoin On A Tear: Analyst Predicts King Crypto Hitting $125K Is On The Cards Before 2025 | Benzinga
Major cryptocurrencies surged on Monday evening as Bitcoin’s price rally showed no signs of slowing down.
What Happened: This led to BTC reaching a new all-time high market capitalization, reaching $1.33 trillion.
Bitcoin’s market capitalization has surged due to the inflow of funds into spot BTC exchange-traded funds (ETFs), the upcoming halving event, and growing investor interest in the cryptocurrency.
Bitcoin’s market cap has surged to an all-time high, spurring a surge in investor sentiment towards “extreme greed,” as indicated by the Crypto Fear & Greed index. On March 3, the level of greed peaked at 90, marking the highest point observed since Nov. 8, 2021.
BTC exceeded the $1.3 trillion market capitalization threshold and is swiftly approaching silver’s market cap of $1.4 trillion.
In Monday’s trading session, Bitcoin shorts experienced a squeezing effect, leading to the liquidation of approximately $250 million in leveraged bets, primarily shorts, as per CoinGlass data. Within the last 24 hours over 141,175 traders faced liquidation, resulting in a combined liquidation amount of $416.16 million. The most significant single liquidation order, amounting to $8.23 million in BTC-USDT value, occurred on Binance.
Top Gainer (24 Hour)
The global cryptocurrency market cap now stands at $2.53 trillion, showing a 6.03% increase in the past 24 hours.
Stocks retreated on Monday, leading to the S&P 500 and Nasdaq Composite falling from their all-time highs, despite a surge in technology stocks associated with ...