Bitcoin (BTC), the largest cryptocurrency, recorded another price surge today, March 4, 2024. In addition to setting new price records against several fiat currencies around the world, it excited the audience with its all-time high market capitalization .
Bitcoin (BTC), the largest cryptocurrency, recorded another price surge today, March 4, 2024. In addition to setting new price records against several fiat currencies around the world, it excited the audience with its all-time high market capitalization .
Bitcoin (BTC) Prints ATH, But It’s Not the One You’re Expecting
The total market capitalization of Bitcoin (BTC) surpassed the $1.3 trillion level for the second time in its history today, March 4, 2023. The market capitalization of Bitcoin (BTC) reached a high of 1,301. $751,806,228 today around 3:00 am (UTC).
However, the all-time high price of Bitcoin (BTC) is yet to be revised. In November 2021, Bitcoin (BTC) managed to reach the capitalization of $1.3 trillion with a smaller number of coins released into circulating supply.
As of today, 19,644,487 Bitcoins (BTC) are available on the market, according to data from CoinGecko.
Bitcoin (BTC) pair trading volume skyrocketed to over $52 billion in fiat equivalent. In addition, it managed to establish a new all-time high in the pair with the euro (EUR).
As previously reported by Guru-Investinganalyst Chris Burniske predicted that a new ATH price would be recorded for both Bitcoin (BTC) and Ethereum (ETH) in the first quarter of 2024.
$100 million settled in BTC shorts and longs
At press time, Bitcoin (BTC) is changing hands at $66,147. In the last 24 hours, the price of BTC increased by more than 6.2%.
This surge wiped out nearly $100 million in Bitcoin (BTC) long and short positions, CoinGlass data says. In the last 24 hours, Bitcoin (BTC) bears lost $72 million in shorts.
In total, cryptocurrency makers recorded liquidations worth more than $291 million on March 4, with 100,267 traders liquidated.
