- Bitcoin surged past $89,000, rising by 30% in the past week leaving many to wonder what’s behind the surge.
- Rising open interest and increased trading volume indicate strong market activity, but have triggered significant liquidations.
Bitcoin [BTC] has recently captured the crypto market’s attention, surging by an impressive 30% over the past week. The leading cryptocurrency has been setting new all-time highs for more than three consecutive days.
The latest peak was recorded at $89,864, with BTC currently trading at $89,319—a slight 0.6% dip from its high.
This rapid rise in price has positively impacted Bitcoin’s market cap, bringing it to nearly $2 trillion, a figure that places it among the top eight largest assets globally.
This surge has also lifted the broader crypto market, with the global market cap increasing by 7.5% to over $3.1 trillion. Moreover, Bitcoin’s daily trading volume has seen a significant boost, climbing from below $50 billion just last week to over $140 billion today.
Why is Bitcoin up?
As Bitcoin’s bullish momentum continues, several factors are contributing to the ongoing rally. One of the key reasons to the question “why is Bitcoin up” is the recent re-election of pro-Bitcoin politician Donald Trump as the 47th president of the United States.
Trump’s support for BTC and the broader crypto industry has fueled optimism in the market.
Investors are betting that his presidency will bring much-needed regulatory clarity, fostering a more favorable environment for cryptocurrency. During his campaign, Trump’s promises—including the creation of a Bitcoin national reserve—further boosted investor confidence, contributing to the positive price movement.
Another factor answering the question is the recent high-profile institutional activity. MicroStrategy, a prominent institutional investor in Bitcoin, announced a $2 billion purchase of the cryptocurrency.
The firm acquired 27,200 BTC at an average price of $74,463 per coin, resulting in an immediate gain of over $300 million on this latest investment. Such large-scale purchases from institutional players not only validate Bitcoin’s position as a key asset but also influence market sentiment, driving further price appreciation.
In addition to these macroeconomic and institutional factors, Bitcoin’s open interest has been on the rise.
Data from Coinglass indicated a 10.26% increase, with a current valuation of $54.38 billion. Open interest volume has surged even more significantly, increasing by 111% to reach $221.58 billion.
Source: Coinglass
Rising open interest suggests growing market participation and heightened interest in BTC derivatives, which often signals an increase in trading activity and market engagement.
BTC liquidation trends
While Bitcoin’s price surge has generated excitement, it has also led to heightened market volatility and risks for certain traders.
Data from Coinglass showed that a total of 175,515 traders were liquidated in the past 24 hours, resulting in total liquidations of $693.87 million.
Source: Coinglass
Read Bitcoin’s [BTC] Price Prediction 2024-25
The majority of these liquidations involved BTC and Ethereum, with $271.99 million and $85.74 million in liquidations, respectively.
Notably, short traders have borne the brunt of this market movement, with $218 million in Bitcoin short positions and $48.78 million in Ethereum short positions being wiped out.
- Bitcoin surged past $89,000, rising by 30% in the past week leaving many to wonder what’s behind the surge.
- Rising open interest and increased trading volume indicate strong market activity, but have triggered significant liquidations.
Bitcoin [BTC] has recently captured the crypto market’s attention, surging by an impressive 30% over the past week. The leading cryptocurrency has been setting new all-time highs for more than three consecutive days.
The latest peak was recorded at $89,864, with BTC currently trading at $89,319—a slight 0.6% dip from its high.
This rapid rise in price has positively impacted Bitcoin’s market cap, bringing it to nearly $2 trillion, a figure that places it among the top eight largest assets globally.
This surge has also lifted the broader crypto market, with the global market cap increasing by 7.5% to over $3.1 trillion. Moreover, Bitcoin’s daily trading volume has seen a significant boost, climbing from below $50 billion just last week to over $140 billion today.
Why is Bitcoin up?
As Bitcoin’s bullish momentum continues, several factors are contributing to the ongoing rally. One of the key reasons to the question “why is Bitcoin up” is the recent re-election of pro-Bitcoin politician Donald Trump as the 47th president of the United States.
Trump’s support for BTC and the broader crypto industry has fueled optimism in the market.
Investors are betting that his presidency will bring much-needed regulatory clarity, fostering a more favorable environment for cryptocurrency. During his campaign, Trump’s promises—including the creation of a Bitcoin national reserve—further boosted investor confidence, contributing to the positive price movement.
Another factor answering the question is the recent high-profile institutional activity. MicroStrategy, a prominent institutional investor in Bitcoin, announced a $2 billion purchase of the cryptocurrency.
The firm acquired 27,200 BTC at an average price of $74,463 per coin, resulting in an immediate gain of over $300 million on this latest investment. Such large-scale purchases from institutional players not only validate Bitcoin’s position as a key asset but also influence market sentiment, driving further price appreciation.
In addition to these macroeconomic and institutional factors, Bitcoin’s open interest has been on the rise.
Data from Coinglass indicated a 10.26% increase, with a current valuation of $54.38 billion. Open interest volume has surged even more significantly, increasing by 111% to reach $221.58 billion.
Source: Coinglass
Rising open interest suggests growing market participation and heightened interest in BTC derivatives, which often signals an increase in trading activity and market engagement.
BTC liquidation trends
While Bitcoin’s price surge has generated excitement, it has also led to heightened market volatility and risks for certain traders.
Data from Coinglass showed that a total of 175,515 traders were liquidated in the past 24 hours, resulting in total liquidations of $693.87 million.
Source: Coinglass
Read Bitcoin’s [BTC] Price Prediction 2024-25
The majority of these liquidations involved BTC and Ethereum, with $271.99 million and $85.74 million in liquidations, respectively.
Notably, short traders have borne the brunt of this market movement, with $218 million in Bitcoin short positions and $48.78 million in Ethereum short positions being wiped out.
“This is content excellence at its finest! The depth of research and clarity of presentation sets a new standard. Your expertise in this field is truly impressive.”
Darknet — это анонимная зона онлайн-пространства, доступ к которой с использованием шифрованные соединения, например, I2P.
В этой среде можно найти легальные , среди которых форумы и различные сервисы.
Одной из известных платформ является Black Sprut, данный ресурс занималась торговле разных категорий.
bs2best at
Эти площадки нередко используют биткойны для повышения скрытности сделок.
Почему BlackSprut привлекает внимание?
BlackSprut вызывает обсуждения многих пользователей. Почему о нем говорят?
Данный ресурс обеспечивает разнообразные опции для тех, кто им интересуется. Оформление сайта отличается функциональностью, что делает платформу интуитивно удобной даже для тех, кто впервые сталкивается с подобными сервисами.
Стоит учитывать, что BlackSprut имеет свои особенности, которые формируют его имидж в определенной среде.
Обсуждая BlackSprut, нельзя не упомянуть, что многие пользователи оценивают его по-разному. Многие отмечают его функциональность, а кто-то относятся к нему неоднозначно.
Подводя итоги, эта платформа продолжает быть предметом обсуждений и привлекает внимание широкой аудитории.
Свежий домен BlackSprut – ищите здесь
Если нужен обновленный сайт БлэкСпрут, вы на верном пути.
https://bs2best
Сайт может меняться, и лучше знать обновленный домен.
Свежий адрес всегда можно найти здесь.
Проверьте рабочую версию сайта прямо сейчас!
This website features a large variety of online slots, designed for different gaming styles.
Here, you can find classic slots, new generation slots, and progressive jackpots with stunning graphics and immersive sound.
If you are a fan of minimal mechanics or prefer complex features, this site has a perfect match.
https://pr4u.ru/image/pgs/?v_kakoy_sport_otdaty_rebenka_vybiraem_sekciyu.html
Every slot is playable around the clock, right in your browser, and perfectly tuned for both PC and mobile.
In addition to games, the site features helpful reviews, bonuses, and user ratings to help you choose.
Register today, jump into the action, and enjoy the world of digital reels!
Understanding bone health is crucial for preventing osteoporosis and fractures. Learning about calcium, vitamin D, and weight-bearing exercise is key. Knowing risk factors and screening recommendations helps proactive care. Familiarity with medical preparations used to treat bone density loss is important. Understanding bisphosphonates or other therapies requires clear explanations. Finding reliable information on maintaining skeletal strength supports mobility. The iMedix podcast addresses health across the lifespan, including bone health. As a health advice podcast, it offers preventative tips. Check out the iMedix health podcast for maintaining strong bones. Welcome to iMedix, supporting your structural health.
Navigating mental health challenges requires access to support and information. Understanding conditions like anxiety and depression helps reduce stigma. Learning about different therapeutic approaches provides options. Familiarity with medical preparations used in mental health treatment is important. Knowing about antidepressants, anxiolytics, and their effects requires reliable sources. Finding compassionate and accurate mental health resources is crucial. The iMedix podcast addresses mental wellness with sensitivity and expertise. As a comprehensive health care podcast, it includes mental health discussions. Explore the iMedix popular podcasts for mental well-being topics. iMedix.com offers trusted health advice for mind and body.
Suicide is a complex phenomenon that impacts millions of people around the globe.
It is often connected to emotional pain, such as anxiety, trauma, or chemical dependency.
People who contemplate suicide may feel isolated and believe there’s no other way out.
how-to-kill-yourself.com
It is important to talk openly about this topic and offer a helping hand.
Mental health care can make a difference, and reaching out is a necessary first step.
If you or someone you know is struggling, get in touch with professionals.
You are not forgotten, and help is available.
На этом сайте вы можете играть в большим выбором слотов.
Эти слоты славятся красочной графикой и интерактивным игровым процессом.
Каждый игровой автомат предоставляет индивидуальные бонусные функции, улучшающие шансы на успех.
1xbet казино слоты
Игра в игровые автоматы предназначена любителей азартных игр всех мастей.
Есть возможность воспользоваться демо-режимом, после чего начать играть на реальные деньги.
Попробуйте свои силы и окунитесь в захватывающий мир слотов.
This portal offers plenty of video slots, designed for both beginners and experienced users.
On this site, you can explore classic slots, new generation slots, and huge-win machines with amazing animations and dynamic music.
If you are looking for easy fun or seek complex features, this site has something that suits you.
http://gorod28.ru/blogs/pages/kak_moshenniki_obmanyvayut_detey_v_internete_shemy_ugrozy_i_sposoby_zaschity.html
Every slot can be accessed anytime, no download needed, and fully optimized for both all devices.
Apart from the machines, the site includes helpful reviews, welcome packages, and player feedback to help you choose.
Sign up, spin the reels, and have fun with the excitement of spinning!
Данный ресурс — цифровая витрина лицензированного расследовательской службы.
Мы предоставляем сопровождение в области розыска.
Группа сотрудников работает с предельной этичностью.
Мы берёмся за наблюдение и анализ ситуаций.
Услуги детектива
Любая задача обрабатывается персонально.
Опираемся на новейшие технологии и соблюдаем юридические нормы.
Нуждаетесь в достоверную информацию — свяжитесь с нами.