Bitcoin Surges Over $44,000: Cryptocurrency Market Update

by Ouess

Yesterday evening, Bitcoin encountered a dip, slipping below its $42,000 support to hit $41,800.

Today, Bitcoin surged by approximately 4% over the last 24 hours, briefly crossing the crucial $44,000 mark and reaching its highest level since December 9, peaking at $44,200 before settling at $43,945.

The upward movement also led to significant liquidations in futures trades, totaling $161 million in the last day, comprising $92 million from short positions and $69 million from long positions. Within the last hour of the surge, a $45 million liquidation occurred, of which $40 million was from short positions and $5 million from long positions.

This Bitcoin rally had a ripple effect on altcoins. Ethereum saw a modest 2.22% gain in the last 24 hours, trailing behind Bitcoin’s surge.

Among the top 100 cryptocurrencies, standout gainers in the past 24 hours included Stacks with a 26% increase, NEAR with 19%, and Mina with 18%. However, despite the positive trend, cryptocurrencies like FTT, LUNC, and LUNA concluded the last 24 hours in the negative zone.

You may also like

Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Social Media Auto Publish Powered By : XYZScripts.com
Skip to content