Bitcoin's value has surged past the $60,000 threshold, a peak not seen since November 18, 2021.
Bitcoin's value crossed the $60,000 milestone after spending over two years below that mark.
In the last 24 hours, BTC has seen liquidations exceeding $277 million.
The recent surge in Bitcoin's price may be linked to the approval of a spot ETF.
For the first time in over two years, specifically since November 18, 2021, Bitcoin's price has soared beyond the $60,000 threshold, signaling the conclusion of an 832-day period of lower prices. The leading digital currency has witnessed a remarkable ascent, climbing close to 16% in just three days, and hitting a high of $60,800 across key crypto exchanges. This bullish trend marks a significant turnaround in the cryptocurrency market, reigniting interest and optimism among investors.
Read more: Top 5 AI Crypto Tokens to Buy Before 2024 Crypto Bull Run
The cryptocurrency market is witnessing a significant uptick as Bitcoin breaks the $60,000 barrier, a bullish movement that's positively impacting altcoins. Here's a look at how selected altcoins have performed in the last 24 hours.
Current Price: $0.00003091
% Gain in 24 Hours: 44.70%
The Pepe coin has hopped significantly, registering a colossal 44.70% increase within a day. The whimsically themed token is catching the eye of traders looking for high-risk, high-reward opportunities amidst the crypto rally.
Current Price: $23.04
% Gain in 24 Hours: 41.65%
Arweave sees a robust weave of growth with a 41.65% surge as it capitalizes on its unique data storage solutions. The project's novel 'permaweb' concept is drawing attention from investors seeking innovative blockchain utilities.
Current Price: $2.65
% Gain in 24 Hours: 21.90%
As the native token of the TON blockchain, Toncoin has lifted by 21.90%. Its practical use cases and the recent buzz around the project have likely contributed to its upward trajectory.
Current Price: $11.92
% Gain in 24 Hours: 19.39%
Aptos is gaining momentum, charting a 19.39% gain. The platform's focus on delivering a highly scalable blockchain solution is resonating well with the market's appetite for foundational crypto assets.
Current Price: $78.92
% Gain in 24 Hours: 16.40%
ORDI is marking its territory with a 16.40% ascent. The coin's increasing price reflects growing investor confidence in its underlying project's vision and execution.
Current Price: $0.00001636
% Gain in 24 Hours: 16.35%
Bonk coin is not staying silent, showcasing a 16.35% leap. The meme coin sector remains vibrant, and Bonk is benefiting from the overall market's bullish sentiment.
Current Price: $1.25
% Gain in 24 Hours: 15.23%
Fetch.ai's 15.23% uptick is a testament to the growing interest in AI-driven blockchain projects. As AI continues to merge with blockchain technology, FET's value proposition becomes more compelling.
Current Price: $0.03917
% Gain in 24 Hours: 15.11%
GALA, the token powering blockchain-based gaming and entertainment, has seen a 15.11% increase. The gaming sector in crypto is fast evolving, and GALA's price action reflects the excitement around it.
Current Price: $0.2853
% Gain in 24 Hours: 13.94%
Conflux is making waves with a 13.94% rise, as it seeks to establish a highly scalable and regulatory-compliant blockchain ecosystem, attracting a keen investor base.
Current Price: $0.005648
% Gain in 24 Hours: 12.87%
1000SATs is climbing steadily with a 12.87% gain, reflecting an increased interest in tokens representing smaller denominations of Bitcoin, especially as the leading cryptocurrency reaches new heights.
