Bitcoin Broke Through US$64K, Ethereum US$3.5K

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Bitget2024/03/04 05:07

By:Bitget

In the past 24 hours, BTC rose 3.47% to break through US$64,000. ETH gained 2.57% to cross US$3,500. Coinglass shows that in the past 24 hours, US$328.66 million has been liquidated, including US$207.39 million in long order. A total of 131,162 people have been liquidated.

Source: Coinglass

The U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts. The euro was firm following Friday's 0.33% advance, with a European Central Bank policy decision looming on Thursday. The yen stuck near the closely watched 150 per dollar level, as investors tried to assess whether the Bank of Japan's exit from its negative interest rate policy could happen as soon as this month.

Source: Yahoo Finance

Futures Market Updates

There's no significant difference in the Long/Short ratio in Bitcoin and Ethereum futures markets, but Longs are paying real high funding rates for Shorts.

Bitcoin Futures Updates

Total BTC Open Interest: $28.70B (+5.43%)

BTC Volume (24H): $66.21B (+64.24%)

BTC Liquidations (24H): $22.93M (Long)/$38.69M (Short)

Long/Short Ratio: 50.84%/49.16%

Funding Rate: 0.0793%

Ether Futures Updates

Total ETH Open Interest: $11.60B (+1.27%)

ETH Volume (24H): $29.16B (+59.44%)

ETH Liquidations (24H): $13.92M (Long)/$19.28M (Short)

Long/Short Ratio: 50.95%/49.05%

Funding Rate: 0.0627%

Top 3 OI Surges

NFT: $1.35M (+156.95%)

GLM: $1.26B (+112.68%)

RATS: $30.73M (+87.10%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Share link:In this post: Bernstein predicts Bitcoin will reach $200,000 by the end of 2025. Key factors include the rise of debt in the United States and increased demand from spot ETFs. According to Bernstein, if Trump is to win, then Bitcoin may rise to between $80,000, and if Harris wins, Bitcoin may drop to $50,000.

Cryptopolitan•2024/11/04 21:55

South Koreans pay 2.2% higher prices for Bitcoin as FOMO kicks in

Share link:In this post: As FOMO kicks in, Bitcoin holders in South Korea spend 2.2% more on purchases. The ‘Kimchi Premium’ was negative between Oct. 12 and Oct. 20 as Bitcoin traded below the global market average in South Korea. In 2024, the South Korean Won was the second largest fiat currency in Bitcoin, trading at 3.99% after the U.S. dollar, which was at 17.75%.

Cryptopolitan•2024/11/04 21:55