{"id":11106,"date":"2024-02-28T11:12:44","date_gmt":"2024-02-28T09:12:44","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-surpasses-64000-as-ethereum-soars-above-3500\/"},"modified":"2024-02-28T11:12:44","modified_gmt":"2024-02-28T09:12:44","slug":"bitcoin-surpasses-64000-as-ethereum-soars-above-3500","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-surpasses-64000-as-ethereum-soars-above-3500\/","title":{"rendered":"Bitcoin Surpasses $64,000 as Ethereum Soars Above $3,500"},"content":{"rendered":"

On Wednesday, February 28, the price of the leading cryptocurrency surpassed the $58,000 mark. At the time of writing, Bitcoin is trading at $58,500, having gained 4.1% over the past 24 hours.<\/p>\n

\"111-74\"
Hourly BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n
\"photo_2024-02-29-10.38.14\"
30-minute BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n
\"Snimok-ekrana-2024-02-28-v-16.24.11\"
Hourly BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n
\"Snimok-ekrana-2024-02-28-v-18.19.38\"
Hourly BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n

The market capitalization of digital gold stands at $1.15 trillion, according to CoinGecko<\/a>. The total cryptocurrency market cap has exceeded $2.3 trillion, with Bitcoin’s dominance index at 54%.<\/p>\n

The price of Ethereum has surpassed $3,300, marking a 3% increase over the past day. The asset’s market capitalization has reached $400 billion.<\/p>\n

\"Snimok-ekrana-2024-02-28-v-11.04.41\"
Hourly ETH\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Following Bitcoin and Ethereum, other top-10 digital assets by market capitalization have moved into the “green zone.” BNB has gained the most over the past week, up 12.3%.<\/p>\n

\"Snimok-ekrana-2024-02-28-v-11.07.00\"
Data: CoinGecko.<\/figcaption><\/figure>\n

According to Coinglass<\/a>, the volume of liquidations over the past 24 hours reached $215 million, with $114 million in short positions.<\/p>\n

\"Snimok-ekrana-2024-02-28-v-11.15.44\"
Liquidation map. Data: Coinglass.<\/figcaption><\/figure>\n

\n\u201cAmid the halving in 54 days and expectations of a rate cut by the Fed<\/span> mid-year, Bitcoin’s price with support at $50,000 could reach an all-time high in March,\u201d said CoinDesk<\/a> chief analyst at Bitget Research, Ryan Lee.<\/cite><\/p><\/blockquote>\n

He noted that the growing trading volume of ETFs based on the leading cryptocurrency indicates “strong bullish sentiment” among institutional players.<\/p>\n

\n\u201cThe rally leading up to the halving is a great time for short-term gains,\u201d said CEO of Hectic Labs, Brian Legend.<\/cite><\/p><\/blockquote>\n

Leading cryptocurrencies have been on the rise since the beginning of the week. On Monday, February 26, Bitcoin surpassed the $53,000 level, while Ethereum exceeded $3,000. On Tuesday, February 27, the price of the leading cryptocurrency surpassed the $57,000 mark.<\/p>\n

Analysts at Matrixport have suggested that Bitcoin could rise to $63,000 in March, citing the halving as one of the catalysts.<\/p>\n

Previously, Fundstrat co-founder Tom Lee predicted that digital gold could reach $150,000 by the end of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, February 28, the price of the leading cryptocurrency surpassed the $58,000 mark. At the time of writing, Bitcoin is trading at $58,500, having gained 4.1% over the past 24 hours. Hourly BTC\/USDT chart on Binance. Data: TradingView. February 29, 2024 | 10:43Update: On the evening of February 28, Bitcoin tested $64,000 but failed […]<\/p>\n","protected":false},"author":1,"featured_media":11105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,46],"class_list":["post-11106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11106"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11105"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}