{"id":17715,"date":"2024-10-12T11:08:03","date_gmt":"2024-10-12T08:08:03","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-tests-63000-level\/"},"modified":"2024-10-12T11:08:03","modified_gmt":"2024-10-12T08:08:03","slug":"bitcoin-tests-63000-level","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-tests-63000-level\/","title":{"rendered":"Bitcoin Tests $63,000 Level"},"content":{"rendered":"

In the early hours of Saturday, October 12, the price of the leading cryptocurrency briefly surpassed the $63,000 mark.<\/p>\n

\"Snimok-ekrana-2024-10-12-v-10.57.06\"
Hourly chart of BTC\/USDT on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

At the time of writing, digital gold had corrected to $62,700, marking a 3.5% increase over the past 24 hours, according to CoinGecko<\/a>.<\/p>\n

Most digital assets in the top 10 by market capitalization followed Bitcoin into the “green zone.” Dogecoin (+3.3%) and Solana (+3.1%) saw the largest gains over the day.<\/p>\n

\"Snimok-ekrana-2024-10-12-v-10.58.02\"
Data: CoinGecko.<\/figcaption><\/figure>\n

The total market capitalization of digital assets stands at $2.3 trillion, with Bitcoin’s dominance index at 58%.<\/p>\n

According to Coinglass<\/a>, the total volume of liquidated positions over the past 24 hours amounted to $119.5 million, with nearly $95 million in shorts.<\/p>\n

\"Snimok-ekrana-2024-10-12-v-11.00.35\"
Liquidation map. Data: Coinglass.<\/figcaption><\/figure>\n

The Fear and Greed Index rose to 49<\/a>, indicating a neutral level.<\/p>\n

\"Snimok-ekrana-2024-10-12-v-11.01.47\"
Fear and Greed Index. Data: Alternative.<\/figcaption><\/figure>\n

On Thursday, October 10, amid the release of US inflation data, the leading cryptocurrency fell below $61,000. The following day, Bitcoin briefly dropped below $60,000.<\/p>\n

Experts have outlined conditions for digital gold to rise above $80,000 by the end of the year. These include a victory for Donald Trump in the US presidential election, a 50 basis point rate cut by the Federal Reserve<\/span> with new stimuli from China, and the absence of major surprises in the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the early hours of Saturday, October 12, the price of the leading cryptocurrency briefly surpassed the $63,000 mark. Hourly chart of BTC\/USDT on Binance. Data: TradingView. At the time of writing, digital gold had corrected to $62,700, marking a 3.5% increase over the past 24 hours, according to CoinGecko. Most digital assets in the […]<\/p>\n","protected":false},"author":1,"featured_media":17714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-17715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17715"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17714"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}