Bitcoin Surpasses $72,000 Mark
On Monday, March 11, the price of the leading cryptocurrency exceeded $70,000. Over the past 24 hours, the asset gained 1.5%, according to CoinGecko.
Bitcoin’s price briefly surpassed $71,000 but failed to hold above this level. The growth over the last 24 hours was 2.7%.
Ethereum broke through $4,000 and is attempting to consolidate above this level.
Bitcoin’s price momentarily exceeded $72,000 but quickly corrected to levels near $71,430.
The price of the leading cryptocurrency reached a new all-time high above $72,000. At the time of writing, the asset is trading above $72,150.
Bitcoin has surpassed silver in market capitalization.
BREAKING: #Bitcoin just flipped Silver’s market capitalisation.
Google and Amazon — you are next! pic.twitter.com/DfT2UDFknM
— Bitcoin Archive (@BTC_Archive) March 11, 2024
At the time of writing, Bitcoin is trading above $70,200.
Assets in the top 10 by market capitalization are showing mixed movements. Ethereum has risen by only 0.1% in the last 24 hours, while XRP, ADA, and DOGE have fallen by 1.4%, 0.5%, and 2.2% respectively.
The total cryptocurrency market capitalization is $2.79 trillion. Bitcoin’s dominance index is 49.6%.
The Fear and Greed Index remains at 82. As digital gold approached its all-time high on March 5, the index reached February 2021 levels of 90.
On March 4, the price of the leading cryptocurrency exceeded $66,000, and the next day it surpassed $69,000. On Friday, March 8, digital gold nearly reached $70,000.
Previously, analysts at JPMorgan predicted a correction in Bitcoin to $42,000 post-halving.
Earlier, IntoTheBlock identified five factors that could push Bitcoin’s price above $70,000 in the coming months.
In February, Bitwise’s Chief Investment Officer Matt Hougan forecasted that the price of digital gold would exceed $80,000 in the foreseeable future due to the success of ETFs.
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