Bitcoin surged past $87,000 today, reaching a new milestone at $87,300, marking a 2.5% increase in just 24 hours.
The world’s largest cryptocurrency now boasts a market capitalization of approximately $1.73 trillion, with a 24-hour trading volume of $29.6 billion.
The bullish momentum triggered significant volatility, resulting in total liquidations of $232.79 million within the last day.
Of these, $113 million were long positions, while short positions accounted for $119.79 million. Bitcoin alone contributed $79.75 million to the liquidated positions.
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The 1-day technical analysis from TradingView seems more bullish after the recent corrections – the summary and moving averages show “buy” with 12 and 10 signals, respectively, while oscillators point to “neutral” with 8.
Among altcoins, EOS emerged as the standout performer, skyrocketing 16.3% over the past 24 hours and delivering an impressive 40% weekly gain.
EOS currently trades at around $0.81, supported by a market cap of $1.26 billion and a robust 24-hour trading volume of $677 million.
The total cryptocurrency market cap rose 1.35% in the past day to $2.78 trillion.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/bitcoin-regains-bullish-momentum-surging-past-87000/