On Monday, March 4, the price of the leading cryptocurrency surpassed $65,000. Over the past 24 hours, the asset appreciated by 5.2%, according to CoinGecko.
The price of the leading cryptocurrency reached $66,000, marking a 6% increase over the past 24 hours, according to CoinGecko.
Bitcoin’s market capitalization exceeded $1.3 trillion, while the total market value stands at $2.6 trillion.
Bitcoin reached a new all-time high against the euro, surpassing €60,000.
Against the British pound, the leading cryptocurrency also reached a new ATH at levels above £51,100.
The second-largest cryptocurrency by market capitalization gained 3.5% over the past 24 hours. The current price is above $3520.
Among the top 10 by market capitalization, Cardano (ADA) and Dogecoin (DOGE) show the most significant growth, with increases of 10% and 26.5%, respectively.
According to Coinglass, the volume of liquidations reached $246 million over the past 24 hours, with $160 million attributed to short positions.
The cryptocurrency Fear and Greed Index reached a level of 82.
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 the market’s rise, the market capitalization of the stablecoin USDT reached $100 billion (+9% since the beginning of the year), according to CoinGecko. As reported by Cointelegraph, this figure is roughly on par with the British oil and gas giant BP and slightly ahead of Shopify.
NEWS: Tether’s $USDT stablecoin crossed an all-time high market capitalization of $100 billion.
? https://t.co/iJVTndtwvR pic.twitter.com/wtzNWpsUav
— CoinGecko (@coingecko) March 4, 2024
Earlier, analysts at Matrixport predicted Bitcoin could rise to $63,000 in March. Catalysts identified by the experts included the halving event.
On February 29, the outflow of funds from GBTC reached $598.9 million, causing Bitcoin to end a five-day rally and close the month with a near-record gain of 43.6%.