Bitcoin rises to $ 70,000, up 5% per day

On Monday evening, the price of bitcoin rose above $ 70,000 for the first time in 10 days. Over the past 24 hours, BTC $98,452.69 Bitcoin -0.44% Market capitalization $1.95 trillion VOL. 24 hours $3.57 billion has grown by 5%.

During the day, 63,643 traders' positions were liquidated, resulting in a loss of $ 183.84 million. The largest liquidation order on Bybit was for the BTC-USD pair, worth $ 1.94 million. The sudden resurgence led to the liquidation of $ 183 million worth of leveraged derivatives positions across all cryptocurrencies, according to CoinGlass.

The growth of the flagship cryptocurrency coincided with the inflow of funds to exchange-traded funds. According to SoSoValue, the total net inflow of funds into bitcoin spot exchange-traded funds (ETFs) amounted to $ 15.47 million as of the end of the trading day on Monday, March 25. The leader in terms of inflows was the FBTC exchange-traded fund managed by Fidelity, which attracted $ 261 million. The second place was taken by BlackRock’s IBIT fund with an inflow of $ 35.4 million.

The rate of the second largest cryptocurrency by capitalization, Ethereum (ETH), rose to $ 3,650, up 5.2% over the day. Ethereum hit its annual high on March 11, at $ 4000. As for bitcoin, the token reached its all-time high on March 12 at $ 73,000.

Other coins from the top 10 in terms of capitalization have also increased over the past 24 hours. The Solana (SOL) token added 3.8%, Dogecoin (DOGE) — 5.2%, and the Binance (BNB) cryptocurrency — 1.3%.