Bitcoin continues to follow a bullish trend, setting new records as the number one cryptocurrency by market capitalization surpasses $82,000.
In the past 24 hours, Bitcoin has increased by 3.5% with a trading volume of approximately $79 billion. On the weekly chart, BTC experienced an impressive surge of 19.5%, bringing its market capitalization to $1.624 trillion.
According to the 1-day technical analysis from TradingView, the outlook for Bitcoin is extremely bullish. Both the summary and moving averages indicate a “strong buy” with scores of 17 and 14, respectively. The oscillators also suggest a “buy” signal with a score of 3.
During the same period, a total of $638.66 million was liquidated from the cryptocurrency market, with $363.85 million in long positions and $274.82 million in shorts. Among these liquidated positions, $124.22 million belonged to Bitcoin.
Despite a slight decline in the past 24 hours, Ethereum has experienced a significant increase of nearly 30% over the past 7 days and is currently trading at $3,180.
The biggest gainer of the day is Dogecoin, which has seen a price surge of 22.4% to nearly $0.3. It has a trading volume of $18.6 billion and a market capitalization of $42 billion. On the weekly chart, DOGE has risen by approximately 87%.
In the past 24 hours, the total cryptocurrency market capitalization has increased by 2.16% to reach $2.78 trillion.
Bitcoin Surpasses 82000 Bullish Momentum Persists 