Cryptocurrency news

The price of bitcoin has returned to the $68,000 mark

Forklog / 27.07.2024 / 08:07
The price of bitcoin has returned to the $68,000 mark

On the evening of Friday, July 26, the quotes of the first cryptocurrency recovered to the level of $ 68,000. Over the past day, the asset has gained 2%.

The daily BTC/USDT chart of the Binance exchange. Data: TradingView.

At the time of writing, bitcoin is trading at $68,200.

Most of the digital assets in the top 10 by capitalization have moved to the "green zone". Solana (+5%) and Dogecoin (+4.2%) added more than others in 24 hours.

Data: CoinGecko.

The total capitalization of the digital asset market is $2.55 trillion.

According to Coinglass, the total volume of liquidated positions per day amounted to $62 million. Of these, $41 million was spent on shorts. 

Liquidation card. Data: Coinglass.

Earlier, JPMorgan analysts questioned the sustainability of bitcoin's growth. In their opinion, the growth of cryptocurrency quotes will be tactical and will not be the beginning of a prolonged uptrend.

Recall that VanEck experts predicted that digital gold would reach the $2.9 million mark by 2050 against the background of the adoption of the asset as a global medium of exchange and reserve currency.

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