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.
![Bitcoin Pumps Above $70K as Crypto Rally Resumes; Analyst Sets $83K Price Target image 0](https://img.bgstatic.com/multiLang/web/009bcf57cc6550f6819051cc769a6192.png)
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
Here’s How Tether Is Influencing U.S. Stablecoin Regulations
Cryptodnes•2025/02/16 08:11
![](https://img.bgstatic.com/multiLang/image/social/944a36590a596028ea3dd473151b77821739693465753.jpg)
Bitcoin Price Surges Amid International Governmental Adoption - Can It Break $100K?
Cryptoticker•2025/02/16 05:44
![](https://img.bgstatic.com/multiLang/image/social/18f33e875dae5688355b810d6539af471739655206774.png)
Ethereum News: NYSE Proposes Staking Rule and Pectra Launches on Sepolia while ETH Price Defends Key Zone
Cryptoticker•2025/02/16 05:44
![](https://img.bgstatic.com/multiLang/image/social/09d6947bce7b3c9e73d45243c9deff291739655204946.png)
XRP Nears Major Jump? Analysts Predict Explosive Rise
Portalcripto•2025/02/15 23:22
![](https://img.bgstatic.com/multiLang/image/social/3cea16f35a32421df834f5807cc7b4201739661732000.jpg)
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
Bitcoin
BTC
$96,797.02
-0.72%
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
Ethereum
ETH
$2,668.68
-1.09%
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
XRP
XRP
$2.7
-2.66%
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
Tether USDt
USDT
$1
-0.00%
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
BNB
BNB
$673.84
+0.82%
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
Solana
SOL
$189.01
-2.97%
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
USDC
USDC
$0.9999
-0.01%
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
Dogecoin
DOGE
$0.2642
-3.62%
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
Cardano
ADA
$0.7671
-2.91%
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)
TRON
TRX
$0.2429
+2.87%
Bitget pre-market
Buy or sell coins before they are listed, including PLUME, J, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now