{"id":76422,"date":"2023-03-30T06:50:22","date_gmt":"2023-03-30T03:50:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76422"},"modified":"2025-09-10T17:19:51","modified_gmt":"2025-09-10T14:19:51","slug":"bitcoin-trades-above-29000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-trades-above-29000\/","title":{"rendered":"Bitcoin trades above $29,000"},"content":{"rendered":"<p>In the morning of March 30, Bitcoin tested above $29,000. At its peak, the price reached $29,184 on Binance, matching the level seen in June 2022.<\/p>\n<p>As of writing, prices had pulled back, erasing much of the gains, with Bitcoin trading near $28,500.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"467\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-03-30_06-43-28-1024x467.png\\\" alt=\\\"Bitcoin price\\\" class=\\\"wp-image-202787\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-03-30_06-43-28-1024x467.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-03-30_06-43-28-300x137.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-03-30_06-43-28-768x350.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-03-30_06-43-28-1536x700.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-03-30_06-43-28.png 1813w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Hourly BTC\/USDT chart from the Binance exchange. Data: <a href=\\\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Bitcoin has risen 23% over the past 30 days. On the monthly time frame, prices have trended higher for a third straight period. The cryptocurrency is outperforming traditional financial assets.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> wins again this month! <a href=\\\"https:\/\/t.co\/P3oOOewnAi\\\">pic.twitter.com\/P3oOOewnAi<\/a><\/p>\n<p>\u2014 Documenting \u20bfitcoin ? (@DocumentingBTC) <a href=\\\"https:\/\/twitter.com\/DocumentingBTC\/status\/1640713836947963909?ref_src=twsrc%5Etfw\\\">March 28, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The movement of Bitcoin&#8217;s price and the accompanying volatility may be driven by the forthcoming expiry of quarterly derivatives, which falls on March 31.<\/p>\n<p>Greeks.live analytics show that relevant options are actively traded, with most volume concentrated in sizable private trades in which institutional investors are building positions.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Block trades accounted for more than half of the total volume, dominated by option buying and bull spreads, with institutional investors continuing to add to their positions. <a href=\\\"https:\/\/t.co\/zjYHbcIcuX\\\">pic.twitter.com\/zjYHbcIcuX<\/a><\/p>\n<p>\u2014 Greeks.live (@GreeksLive) <a href=\\\"https:\/\/twitter.com\/GreeksLive\/status\/1641276676876406784?ref_src=twsrc%5Etfw\\\">March 30, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Top-10 digital assets did not show a pronounced reaction to the leader breaking an important psychological threshold. The total market capitalization stood at $1.22 trillion, up 2.3% in 24 hours, according to <a href=\\\"https:\/\/www.coingecko.com\/\\\">CoinGecko<\/a>.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"522\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/top10-67-1024x522.png\\\" alt=\\\"Top 10 cryptocurrencies by market cap\\\" class=\\\"wp-image-202788\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/top10-67-1024x522.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-67-300x153.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-67-768x392.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-67-1536x783.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/top10-67.png 1608w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>According to CoinGlass data, futures liquidations affected positions worth more than $159 million. The bulk of them were long.<\/p>\n<p>\u201cThe Fear and Greed Index\u201d continues to signal investor optimism.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"542\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/fear-and-greed-2-1024x542.png\\\" alt=\\\"Fear and Greed Index\\\" class=\\\"wp-image-202789\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/fear-and-greed-2-1024x542.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/fear-and-greed-2-300x159.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/fear-and-greed-2-768x407.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/fear-and-greed-2.png 1194w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: <a href=\\\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\\\">alternative.me<\/a>.<\/figcaption><\/figure>\n<p>According to CNBC, major players surveyed forecast <a href=\"https:\/\/u1f987.com\/en\/news\/cnbc-major-players-forecast-bitcoin-to-reach-100000\">a rise in Bitcoin to $100 000<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the morning of March 30, Bitcoin traded above $29,000. At its peak, the price reached $29,184 on Binance, matching the level seen in June 2022.<\/p>\n","protected":false},"author":1,"featured_media":76423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-76422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76422","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=76422"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76422\/revisions"}],"predecessor-version":[{"id":76424,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76422\/revisions\/76424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76423"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}