Bitcoin Hits All-Time Highs, Will Rise to $65,000: Expert Prediction and Market Updates

On Monday, March 4, quotes of the first cryptocurrency exceeded $65,000. Over the past 24 hours, the asset has risen in price by 5.2%, according to CoinGecko.

BTC/USDT hourly chart of the Binance exchange. Data: TradingView. March 4, 2024 | 14:21 Update:

Bitcoin reached a new historical high against the euro – the asset exceeded €60,000.

Hourly chart of BTC/EUR exchange Binance. Data: TradingView.

Paired with the British pound, the first cryptocurrency also broke through the ATH at levels above £51,100.

Coinbase exchange BTC/GBP hourly chart. Data: TradingView.

The second largest cryptocurrency by capitalization has gained 3.5% over the past 24 hours. The current price is above $3520.

Binance exchange ETH/USDT hourly chart. Data: TradingView.

Of the top 10 by capitalization, Cardano (ADA) and Dogecoin (DOGE) show the greatest growth – 10% and 26.5%, respectively.

Data: CoinGecko.

According to Coinglassover the last 24 hours the volume of liquidations reached $246 million. Of this, $160 million were short positions.

Data: Coinglass.

The cryptocurrency index of fear and greed reached the level of 82.

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Bitcoin Fear and Greed Index is 82 — Extreme Greed
Current price: $63,167 pic.twitter.com/khZO8B3Xf7

— Bitcoin Fear and Greed Index (@BitcoinFear) March 4, 2024

Amid market growth, the capitalization of the USDT stablecoin reached $100 billion (+9% since the beginning of the year), according to CoinGecko. According to Cointelegraphthe figure is roughly on par with British oil and gas giant BP and slightly ahead of Shopify.

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NEWS: Tether’s $USDT stablecoin crossed an all-time high market capitalization of $100 billion.

📰 pic.twitter.com/wtzNWpsUav

— CoinGecko (@coingecko) March 4, 2024

Previously, Matrixport analysts allowed Bitcoin to rise to $63,000 in March. Experts include halving as catalysts.

Let us remind you that on February 29, the outflow of funds from GBTC reached $598.9 million, against the background of which Bitcoin interrupted its five-day growing streak and closed the month close to a record with an increase of 43.6%.

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2024-03-04 11:32:29
#Bitcoin #price #exceeded #ForkLog