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Bitcoin Breaks $73,000 and Is One Step Away From a New ATH

Bitcoin Breaks $73,000 and Is One Step Away From a New ATH

CryptodnesCryptodnes2024/10/29 20:00
By:Cryptodnes

At the time of writing, the leading cryptocurrency was trading at $73,466.

Bitcoin broke through the $73,000 mark, posting a 6% increase in the last 24 hours and nearly 9% on a weekly basis.

Bitcoin Breaks $73,000 and Is One Step Away From a New ATH image 0

The trading volume of the leading digital asset is $96 billion, reporting a 67% intraday growth alone, and the total capitalization is $1.44 trillion according to Coinglass.

Bitcoin’s market dominance is at a historic 59%. Over the last day, $264 million worth of liquidations have been recorded, with $231 million of them being short positions.

READ MORE:
Bitcoin Adoption Rises as Younger Investors Drive Growth, Says VanEck’s Analyst

Both BTC and the entire crypto market are reporting growth, with the total market cap of all cryptocurrencies at $2.45 trillion, registering a 6% intraday increase.

This growth was fueled in part by inflows into spot BTC ETFs, which recorded $480 million in inflows over the previous day.

Bitcoin is 0.5% away from a new all-time high and it is only a matter of time before it reaches it.

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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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