Bitcoin Pumps Above $70K as Crypto Rally Resumes; Analyst Sets $83K Price Target
Bitget2024/03/26 06:57
By:Bitget
Cryptocurrencies started the week with a strong rally, bouncing back from recent losses as bitcoin (BTC) once again traded above its 2021 peak.
Bitcoin (BTC) surged past $70,000 on Monday during U.S. trading hours, surpassing the level for the first time in 10 days and gaining more than 7% over the past 24 hours.
Ethereum's ether (ETH) was up 6% during the same period, while tokens for major layer-1
blockchains
Solana (SOL) and Avalanche (AVAX) advanced more than 10%.
This move signaled a potential end to the recent correction for crypto
markets, which saw BTC drop below $61,000 last week from record prices above $73,000, coupled with tepid inflows to new U.S.-listed spot
bitcoin ETFs and increased selling of Grayscale's GBTC fund. Bitcoin could target new all-time highs after breaking out to the upside from its consolidation pattern, analytics firm 10x Research said in a Monday report.

Futures Market Updates
In the last 24 hours, BTC futures volume hit $93B.
Bitcoin Futures Updates
Total BTC Open Interest: $37.57B (+6.82%)
BTC Volume (24H): $93.38B (+40.26%)
BTC Liquidations (24H): $17.18M (Long)/$53.32M (Short)
Long/Short Ratio: 51.57%/48.43%
Funding Rate: 0.0259%
Ether Futures Updates
Total ETH Open Interest: $13.79B (+6.06%)
ETH Volume (24H): $33.20B (+35.67%)
ETH Liquidations (24H): $6.66M (Long)/$22.82M(M(Short)
Long/Short Ratio: 51.67%/48.33%
Funding Rate: 0.0382%
Top 3 OI Surges
CVC: $14.47M (+367.09%)
AERGO: $1.95M (+136.63%)
POLYX: $136.69M (+104.39%)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
BTC in Freefall: Trump’s ‘External Agricultural Product’ War Wipes 7% Off Crypto Markets
Bitcoin.com•2025/03/03 22:11

Litecoin, SOL and XRP Price Drop Ahead of Trump “Big Announcement”
Trump’s latest post teased, “TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS!”
Cryptotimes•2025/03/03 19:44

Breaking the Trendline: Bitcoin’s Route to $109K
Cryptonewsland•2025/03/03 19:11

Bitcoin Price Prediction: BTC Price to Surpass $100K BEFORE or AFTER the Crypto Summit?
Cryptoticker•2025/03/03 17:11

Trending news
MoreCrypto prices
More
Bitcoin
BTC
$83,599.72
-9.74%

Ethereum
ETH
$2,059.97
-15.32%

Tether USDt
USDT
$0.9997
+0.00%

XRP
XRP
$2.29
-17.92%

BNB
BNB
$559.04
-8.18%

Solana
SOL
$135.63
-19.52%

USDC
USDC
$1.0000
+0.01%

Dogecoin
DOGE
$0.1906
-15.71%

Cardano
ADA
$0.7925
-25.36%

TRON
TRX
$0.2300
-4.60%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now