Home Bitcoin News Bitcoin swept away the resistance and set an absolute record – above $ 67 thousand

Bitcoin swept away the resistance and set an absolute record – above $ 67 thousand

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Crypto News

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Bitcoin has finally broken the $65,000 barrier to record a new record high. According to CoinGecko, today the flagship cryptocurrency has reached a value of 67,276.79 per token, which is the absolute maximum during its existence.

At the time of writing, the total capitalization of the cryptocurrency market is $2.8 trillion, of which $ 1.25 trillion is the capitalization of BTC. Accordingly, the dominance of BTC has also increased? Which is 46%.

Apparently, BTC is trying to enter the price determination mode, since it is currently trading at $66713. This is 6.1% higher than a day ago.

Now bitcoin has set its sights on $70,000, and looking at the reigning current bullish momentum, it may not be far from it.

The rise in bitcoin prices follows a decline in supply on the stock exchange, as traders continue to hold their BTC in anticipation of a price spike. The supply of bitcoins on exchanges has fallen to a three-year low, indicating strong bullish sentiment.

The second largest cryptocurrency by capitalization, Ethereum, has also grown noticeably, adding 7.9% in 24 hours, at the moment it is trading at $ 4,098. Thus, the ether is approaching its ATH, which was fixed in May at $4,356.

The record-breaking first day of the ProShares Bitcoin Futures ETF ($BITO) also played a key role in the newfound bullish resurgence of leading cryptocurrencies. At the debut of $BITO, it took the second place in terms of ETF trading volume with a trading volume of almost $ 1 billion.

The new Bitcoin ATH also ensures that everyone who has ever bought BTC at any price is currently making a profit. MicroStrategy, a leading Fortune 500 company, currently has a profit of more than $3 billion compared to bitcoin assets, while Tesla’s bitcoin profit has exceeded $1 billion.

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