The first cryptocurrency continued its rapid growth, easily breaking the $72,000 mark Over the past 24 hours, the asset grew by 5.7%, according to CoinGecko.
At the time of writing, Bitcoin is trading at $72,556.
BTC/USDT hourly chart of the Binance exchange. Data: TradingView.
From what was achieved on March 14 ATH At $73,737, the price of digital gold is only 1.5% away.
Data: CoinGecko.
“Traditionally,” the growth of the market’s leading products has had a positive impact on other crypto assets. Here’s what the top ten most capitalized coins look like at the time of writing:
Data: CoinGecko.
The famous trader Peter Brandt is convinced that for a “real breakthrough” Bitcoin should consolidate above the $76,000 level.
BITCOIN $BTC
When is a breakout really a breakout?
Bitcoin bulls should be excited – but there are rules to justify a breakout
Diagonal patterns with sloping boundary lines are difficult to trade because there is NO boundary line – although exciting for bulls -… pic.twitter.com/86cQtCzdav— Peter Brandt (@PeterLBrandt) October 29, 2024
Over the past 24 hours, $223 million worth of short positions have been liquidated.
Data: CoinGlass.
Total cryptocurrency market capitalization is ~$2.6 trillion; Bitcoin dominance index – 56.2%.
Previously, analysts at Tyr Capital and Bitget Research warning about a possible correction in the price of digital gold after the US elections.
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2024-10-29 16:48:00
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