Bitcoin Tops $67K, Nearing Silver's $1.38T Market Cap

Bitget2024/03/05 05:09

By:Bitget

Bitcoin (BTC) continued to knock off $1,000 milestones Monday, surging past $67,000 and nearing not just its own record high of $69,000, but the nearly $1.4 trillion market capitalization of silver.

Bitcoin Tops $67K, Nearing Silver's $1.38T Market Cap image 0

The largest and oldest crypto asset broke out from its week-long sideways consolidation capped below the $64,000 level, hitting $67,500 during the U.S. trading session, up 7% over the past 24 hours.

With this year's meteoric rise, BTC is rapidly becoming one of the largest global assets, and at current levels has surpassed the $1.3 trillion market capitalization threshold. It is now closing in on silver's market cap of $1.4 trillion, according to data compiled by CompaniesMarketCap after earlier in this bull run toppling that of Facebook parent company Meta Platforms (META).

Source: CoinDesk

Futures Market Updates

Over $105 million in BTC Short positions got liquidated in the last 24H.

Bitcoin Futures Updates

Total BTC Open Interest: $32.20B (+12.25%)

BTC Volume (24H): $130.07B (+96.30%)

BTC Liquidations (24H): $27.64M (Long)/$105.12M (Short)

Long/Short Ratio: 50.91%/49.09%

Funding Rate: 0.0829%

Ether Futures Updates

Total ETH Open Interest: $12.00B (+3.51%)

ETH Volume (24H): $44.96B (+54.18%)

ETH Liquidations (24H): $13.91M (Long)/$37.49M (Short)

Long/Short Ratio: 51.45%/48.55%

Funding Rate: 0.0488%

Top 3 OI Surges

1000XEC: $22.23M (+224.89%)

KISHU: $2.68M (+159.41%)

1000BTT: $4.65M (+152.67%)

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.

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Key global market data will be released this week, including the U.S. non-farm payroll report, CPI inflation data, and the Bank of Japan's interest rate decision, all of which will significantly impact market liquidity. Bitcoin prices are fluctuating due to macroeconomic factors, while institutions such as Coinbase and HashKey are striving to break through via innovation and public listings. Summary generated by Mars AI This summary was generated by the Mars AI model. Its accuracy and completeness are still being iteratively improved.

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Bitcoin Tops $67K, Nearing Silver's $1.38T Market Cap

Futures Market Updates

Bitcoin Futures Updates

Ether Futures Updates

Top 3 OI Surges

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