On Wednesday, February 28, quotes of the first cryptocurrency exceeded the level of $58,000. At the time of writing, Bitcoin is trading at $58,500, having gained 4.1% over the past 24 hours.
BTC/USDT hourly chart of the Binance exchange. Data: TradingView. February 28, 2024 | 11:53 Update:
Bitcoin price tested the $59,000 level.
BTC/USDT hourly chart of the Binance exchange. Data: TradingView.
Capitalization of digital gold is $1.15 trillion, according to CoinGecko. The total cryptocurrency market has exceeded $2.3 trillion. Bitcoin dominance index – 54%.
The price of Ethereum has exceeded $3,300. The growth per day was 3%. The capitalization of the asset reached $400 billion.
Binance exchange ETH/USDT hourly chart. Data: TradingView.
Following Bitcoin and Ethereum, the remaining digital assets from the top 10 by capitalization moved into the “green zone”. BNB gained the most over the past week (+12.3%).
Data: CoinGecko.
According to Coinglassover the last 24 hours the volume of liquidations reached $215 million. Of this, $114 million are short positions.
Liquidation map. Data: Coinglass.
“With a halving in 54 days and expectations of a mid-year Fed rate cut, the price of Bitcoin with support at $50,000 could reach an all-time high in March,” he said. CoinDesk Bitget Research Principal Analyst Ryan Lee.
According to him, the growing trading volume of ETFs based on the first cryptocurrency indicates “strong bullish sentiment” among institutional players.
“The rally leading up to the halving is a great time to make short-term gains,” said Hectic Labs CEO Brian Legend.
Leading cryptocurrencies have been growing since the beginning of the week. On Monday, February 26, Bitcoin surpassed $53,000 and Ethereum surpassed $3,000. On Tuesday, February 27, the rate of the first cryptocurrency exceeded $57,000.
Let us remind you that Matrixport analysts allowed Bitcoin to rise to $63,000 in March. Experts include halving as catalysts.
Earlier, Fundstrat co-founder Tom Lee predicted digital gold at $150,000 by the end of 2024.
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2024-02-28 09:18:07
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