{"id":11329,"date":"2024-03-05T18:21:44","date_gmt":"2024-03-05T16:21:44","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-surpasses-historic-high-of-69000\/"},"modified":"2024-03-05T18:21:44","modified_gmt":"2024-03-05T16:21:44","slug":"bitcoin-surpasses-historic-high-of-69000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-surpasses-historic-high-of-69000\/","title":{"rendered":"Bitcoin Surpasses Historic High of $69,000"},"content":{"rendered":"<p>The leading cryptocurrency has reached a new all-time high, with its price exceeding $69,000 on the Coinbase exchange.<\/p>\n<p><!--more--><\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">March 5, 2024 | 18:23<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Following the new peak, the price of Bitcoin began to decline rapidly. The asset is trading around $65,000.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"539\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/ef7lbH75-1024x539.png\" alt=\"ef7lbH75\" class=\"wp-image-227521\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/ef7lbH75-1024x539.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/ef7lbH75-300x158.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/ef7lbH75-768x405.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/ef7lbH75.png 1046w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/x\/ef7lbH75\" title=\"TradingView\">TradingView<\/a>. <\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">March 5, 2024 | 18:37<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>In the past 24 hours, leveraged positions worth approximately $680 million have been liquidated in the market, with the vast majority being longs.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"322\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/liq-1024x322.png\" alt=\"liq\" class=\"wp-image-227531\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/liq-1024x322.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/liq-300x94.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/liq-768x242.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/liq-1536x483.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/liq.png 1729w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" title=\"CoinGlass\">CoinGlass<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">March 5, 2024 | 21:25<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>The price of Bitcoin has fallen below $63,000.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"539\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/12345-16-1024x539.png\" alt=\"12345-16\" class=\"wp-image-227537\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/12345-16-1024x539.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/12345-16-300x158.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/12345-16-768x405.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/12345-16.png 1046w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/x\/DpP4KTHH\" title=\"TradingView\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">March 5, 2024 | 21:48<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>The decline continues. The price is below $62,000.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"539\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/54321-1-1024x539.png\" alt=\"54321-1\" class=\"wp-image-227543\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/54321-1-1024x539.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/54321-1-300x158.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/54321-1-768x405.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/54321-1.png 1046w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/x\/DpP4KTHH\" title=\"TradingView\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">March 5, 2024 | 22:11<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>At one point, the price fell to $59,000 but soon rebounded to $62,700. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"539\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/59-1024x539.png\" alt=\"59\" class=\"wp-image-227545\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/59-1024x539.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/59-300x158.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/59-768x405.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/59.png 1046w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/x\/DpP4KTHH\" title=\"TradingView\">TradingView<\/a><\/figcaption><\/figure>\n<\/div>\n<p>At its peak, the price reached $69,324. Such levels were last seen 846 days ago, on November 10, 2021.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"649\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2024-03-05_17-18-19-1024x649.png\" alt=\"BTCUSD_2024-03-05_17-18-19\" class=\"wp-image-227490\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2024-03-05_17-18-19-1024x649.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2024-03-05_17-18-19-300x190.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2024-03-05_17-18-19-768x487.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2024-03-05_17-18-19.png 1438w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USD chart on Coinbase. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=COINBASE%3ABTCUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>On Binance, the BTC\/USDT rate <a href=\"https:\/\/www.tradingview.com\/x\/cR9onEN9\">briefly touched $69,000<\/a>. At the time of writing, digital gold is trading around $67,570, having increased by more than 50% since the beginning of the year.<\/p>\n<p>MN Trading founder Micha\u00ebl van de Poppe noted that for the first time in history, a new <span data-descr=\"all-time high price\" class=\"old_tooltip\">ATH<\/span> was reached before, rather than after, the halving.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">NEW ALL-TIME HIGH ON <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&#038;ref_src=twsrc%5Etfw\">#BITCOIN<\/a>.<\/p>\n<p>For the first time ever, pre-halving has established a new all-time high on Bitcoin&#8217;s price action.<\/p>\n<p>Calling for a short-term peak?<\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1765030884204315055?ref_src=twsrc%5Etfw\">March 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Many altcoins responded positively to the flagship&#8217;s rapid ascent.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"697\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/coingecko-28-1024x697.png\" alt=\"coingecko-28\" class=\"wp-image-227504\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/coingecko-28-1024x697.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/coingecko-28-300x204.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/coingecko-28-768x523.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/coingecko-28.png 1067w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>In the past 24 hours, Ethereum&#8217;s price has increased by 6.5%, approaching $3,800.<\/p>\n<p>Dogecoin has risen by 5.7% in the same period, trading around $0.18.\u00a0<\/p>\n<p>The total market capitalization stands at $2.63 trillion, according to <a href=\"https:\/\/www.coingecko.com\/en\/global-charts\">CoinGecko<\/a>. Bitcoin&#8217;s dominance index is 50.4%.\u00a0<\/p>\n<p>Previously, the American exchange Coinbase resolved another platform glitch amid the rapid rise in the price of the leading cryptocurrency.<\/p>\n<p>On March 5, Binance reported issues with withdrawals.\u00a0<\/p>\n<p>Analysts at JPMorgan <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-analysts-predict-bitcoin-correction-to-42000-post-halving\">predicted<\/a> a Bitcoin correction to $42,000 post-halving.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The leading cryptocurrency has reached a new all-time high, with its price exceeding $69,000 on the Coinbase exchange.<\/p>\n","protected":false},"author":1,"featured_media":0,"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],"class_list":["post-11329","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"117","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11329","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=11329"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11329\/revisions"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}