Crypto Price Today: In a monumental move, Bitcoin, the flagship cryptocurrency, has shattered the $60,000 barrier, surging past $64,000 for the first time since November 2021. This remarkable rally witnessed Bitcoin climbing above 20% in the past week, peaking at an impressive $64,065 before experiencing a slight correction to $59,400. However, Bitcoin quickly rebounded, currently trading at $61,850, marking a remarkable 9% surge within 24 hours. The next significant resistance level to monitor stands at $65,000.
The surge in Bitcoin price triggered significant liquidations across the cryptocurrency market, with nearly $700 million in crypto assets liquidated in the past day alone, according to data from CoinGlass. Other major cryptocurrencies, including Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Dogecoin (DOGE), and Avalanche (AVAX), also experienced substantial declines ranging from 4% to 9%.
The sudden price drop led to widespread liquidations of leveraged trading positions, reminiscent of the massive liquidation event witnessed last August when Bitcoin plummeted to $25,000, wiping out $1 billion in derivatives positions across all cryptocurrencies. The recent liquidations affected both long and short positions, reflecting the market's volatility and uncertainty.
Despite the turbulence, the crypto market showed signs of resilience, with major cryptocurrencies bouncing back in the early hours of February 29. Solana led the charge with a remarkable 13% surge, reaching $122, while Ethereum hovered close to the $3,500 mark. The global cryptocurrency market cap stands at $2.28 trillion, reflecting a notable 6.19% increase over the past day.
In the midst of market fluctuations, several cryptocurrencies emerged as top gainers in the 24-hour period. Bonk Coin led the pack with an impressive 51.16% surge, followed by JasmyCoin with a 34.45% increase. Dogecoin, Arweave, and Aptos also experienced significant growth, showcasing the dynamic nature of the cryptocurrency market.
Price: $0.00002093
24h Change: 51.16%
Volume (24h): $794,119,863
Bonk, with its quirky name, has experienced an extraordinary surge in price, making it one of the top gainers in the cryptocurrency market. Despite its low nominal value, the percentage increase reflects substantial investor interest and trading activity.
Price: $0.02233
24h Change: 34.45%
Volume (24h): $1,412,015,037
JasmyCoin, symbolized by the JASMY ticker, has witnessed a notable uptick in price accompanied by a substantial increase in trading volume. The project behind JasmyCoin, its technology, partnerships, and community engagement may be contributing factors to its price appreciation.
Price: $0.1258
24h Change: 32.33%
Volume (24h): $4,635,126,298
Dogecoin, initially created as a meme cryptocurrency, has defied expectations and emerged as a significant player in the cryptocurrency space. Its recent price surge reflects renewed interest from investors and traders alike.
Price: $28.34
24h Change: 23.37%
Volume (24h): $624,895,422
Arweave, represented by the AR ticker, has experienced a substantial increase in price coupled with considerable trading volume. Arweave's unique approach to decentralized storage and data permanence has garnered attention within the cryptocurrency community.
Price: $12.36
24h Change: 23.07%
Volume (24h): $1,279,077,471
Aptos, denoted by the APT ticker, has demonstrated significant price appreciation in the past 24 hours, accompanied by a substantial increase in trading volume. Aptos' underlying technology, use cases, and market sentiment contribute to its price dynamics.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.