Bitcoin Tops $67K, Nearing Silver's $1.38T Market Cap
Bitget2024/03/05 05:09
By: Bitget
Bitcoin (BTC) continued to knock off $1,000 milestones Monday, surging past $67,000 and nearing not just its own record high of $69,000, but the nearly $1.4 trillion market capitalization of silver.
The largest and oldest crypto asset broke out from its week-long sideways consolidation capped below the $64,000 level, hitting $67,500 during the U.S. trading session, up 7% over the past 24 hours.
With this year's meteoric rise, BTC is rapidly becoming one of the largest global assets, and at current levels has surpassed the $1.3 trillion market capitalization threshold. It is now closing in on silver's market cap of $1.4 trillion, according to data compiled by CompaniesMarketCap after earlier in this bull run toppling that of Facebook parent company Meta Platforms (META).
Source: CoinDesk
Futures Market Updates
Over $105 million in BTC Short positions got liquidated in the last 24H.
Bitcoin Futures Updates
Total BTC Open Interest: $32.20B (+12.25%)
BTC Volume (24H): $130.07B (+96.30%)
BTC Liquidations (24H): $27.64M (Long)/$105.12M (Short)
Long/Short Ratio: 50.91%/49.09%
Funding Rate: 0.0829%
Ether Futures Updates
Total ETH Open Interest: $12.00B (+3.51%)
ETH Volume (24H): $44.96B (+54.18%)
ETH Liquidations (24H): $13.91M (Long)/$37.49M (Short)
Long/Short Ratio: 51.45%/48.55%
Funding Rate: 0.0488%
Top 3 OI Surges
1000XEC: $22.23M (+224.89%)
KISHU: $2.68M (+159.41%)
1000BTT: $4.65M (+152.67%)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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