Bitcoin reached yet another major milestone after it’s remarkable performance since the end of the presidential elections in the US.
Bitcoin is up 5.63% in the past 24 hours and 22.05% on the weekly chary with a market cap of around $1.793 trillion. This past day BTC’s trading volume is down 35% to $102 billion.
This upswnig led to 554.7 million being liquidated from the cryptocurrency market – $350.87 million in long positions and $203.84 million in shorts.
TradingView’s 1-day technical analysis shows a very bullish santiment with the summary and moving averages pointing to “strong buy” at 16 and 13, respectively, while oscillators show “buy” at 3.
The total crypto market cat is currently $2.98 trillion after rising 3.29% today.
Today’s biggest gainer is the trending memecoin Peanut the Squirel (PNUT), which recently got a surprise listing by Binance. The altcoin has surged more than 250% in the past 24 hours, 1,300% since last week and has a market cap of around $1.7 billion.
