Bitcoin has updated a maximum of 25 months

According to the analytical tracker CoinMarketCap, the flagship cryptocurrency BTC $75,022.88 Bitcoin 1.00% Market capitalization $1.48 trillion VOL. 24 hours $3.68 billion managed to break through the $ 50,000 ceiling and is currently trading at $ 50,067. The total supply of coins circulating on the market amounted to $ 982.76 billion. Traders made daily trading deals worth $ 38.6 billion. Bitcoin’s market share reached 52.4%. The Fear and Greed Index demonstrates a positive 72 points.

According to CoinDesk analysts, the popularity of spot bitcoin exchange-traded funds (ETFs) has led to an increase in trading volumes in the US markets, which is why the price of BTC has soared from $ 38,600 to over $ 50,000 in just a few weeks. The CD20 index of the largest cryptocurrencies added 1.72% in 24 hours.

Spot ETFs from BlackRock (IBIT) and Fidelity (FBTC), the largest new entrants to the market, recorded the highest trading volume since January 22, 2024. At the same time, their share prices rose by about 5%, according to TradingView analytics. «This may signal that buyers are entering the market after the weekend to allocate fresh funds,» the experts concluded.

Stop orders to sell on cryptocurrency exchanges Binance and Coinbase overcame the pressure of buyers and stopped the upward trend, at least temporarily. Binance 's order book data registered the sale of 800 BTC worth $ 40 million at a price of $ 50,000, while Coinbase recorded a similar transaction for 330 BTC. According to the researchers, this may indicate the recording of significant profits by large investors.