Bitcoin continues its bullish trend, setting new records once again. The leading cryptocurrency by market capitalization has surged past $82,000.
In the past 24 hours, Bitcoin has seen a 3.5% increase, with a trading volume of approximately $79 billion. On the weekly chart, BTC’s market cap has reached $1.624 trillion after an impressive 19.5% surge.
According to the 1-day technical analysis from TradingView, the outlook for Bitcoin is extremely bullish. Both the summary and moving averages indicate a “strong buy” at 17 and 14, respectively, while the oscillators point to a “buy” signal at 3.
During the previous day, $638.66 million were liquidated from the cryptocurrency market, with $363.85 million in long positions and $274.82 million in shorts. Out of these positions, $124.22 million were in Bitcoin.
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Cardano’s recent surge may be attributed to various factors
Despite a slight drop in the past 24 hours, Ethereum has seen an overall increase of nearly 30% in the last 7 days and is currently trading at $3,180.
The biggest gainer of the day is Dogecoin, with its price surging by 22.4% to almost $0.3. It has a trading volume of $18.6 billion and a market cap of $42 billion. On the weekly chart, DOGE has seen a rise of approximately 87%.
In the past 24 hours, the total cryptocurrency market cap has increased by 2.16% to $2.78 trillion.
