{"id":17816,"date":"2024-10-16T14:38:58","date_gmt":"2024-10-16T11:38:58","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-surpasses-68000\/"},"modified":"2024-10-16T14:38:58","modified_gmt":"2024-10-16T11:38:58","slug":"bitcoin-surpasses-68000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-surpasses-68000\/","title":{"rendered":"Bitcoin Surpasses $68,000"},"content":{"rendered":"

On Wednesday, October 16, the price of the leading cryptocurrency surpassed the $68,000 mark, marking a 4% increase over the past 24 hours, according to CoinGecko<\/a>.<\/p>\n

\"Snimok-ekrana-2024-10-16-v-14.34.51\"
Hourly chart of BTC\/USDT on Binance. Data:\u00a0TradingView<\/a>.<\/figcaption><\/figure>\n

At the time of writing, Bitcoin is trading at $68,200 for the first time since July.<\/p>\n

All digital assets in the top 10 by market capitalization have turned “green” following Bitcoin’s lead. Dogecoin (+15.2%) and Solana (+10.5%) saw the largest gains over the past day.<\/p>\n

\"Snimok-ekrana-2024-10-16-v-14.35.56\"
Data: CoinGecko.<\/figcaption><\/figure>\n

The total market capitalization of digital assets stands at $2.45 trillion. Bitcoin’s dominance index is 59%.<\/p>\n

According to Coinglass<\/a>, the total volume of liquidated positions over the past day exceeded $297 million. Of this, $162.6 million were long positions, while $134.7 million were short positions.<\/p>\n

\"Snimok-ekrana-2024-10-16-v-14.37.59\"
Liquidation map. Data: Coinglass.<\/figcaption><\/figure>\n

The Fear and Greed Index has risen to 73<\/a>, indicating a high level of greed.<\/p>\n

\"Snimok-ekrana-2024-10-16-v-14.43.04\"
Fear and Greed Index. Data: Alternative.<\/figcaption><\/figure>\n

On Saturday, October 12, the price of the leading cryptocurrency tested the $63,000 level. By October 14, digital gold had surpassed $66,000, and the following day it neared the $68,000 mark.<\/p>\n

Analysts at Bernstein have linked Bitcoin’s rally to the increased chances of Donald Trump winning the upcoming U.S. presidential election. This assessment is shared by JPMorgan.<\/p>\n

Previously, experts identified other conditions for digital gold to rise above $80,000 by the end of the year. In addition to Trump’s victory, these include a 50 basis point rate cut by the Fed<\/span> with new stimuli from China and the absence of major surprises in the industry.<\/p>\n

In October, BlackRock CEO Larry Fink expressed confidence in the rising price of the leading cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, October 16, the price of the leading cryptocurrency surpassed the $68,000 mark, marking a 4% increase over the past 24 hours, according to CoinGecko. Hourly chart of BTC\/USDT on Binance. Data:\u00a0TradingView. At the time of writing, Bitcoin is trading at $68,200 for the first time since July. All digital assets in the top […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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-17816","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17816","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=17816"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17816\/revisions"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}