At approximately 18:00 (MSK), the first cryptocurrency demonstrated rapid growth, approaching $60,000. Over the course of the day, the asset rose in price by 3.2%.
At the time of writing, Bitcoin is trading around $59,600 with a market cap of $1.17 trillion. The figures are back to the levels seen at the end of August.
Other assets from the top 10 by capitalization also entered the “green zone”. Ethereum grew by 3.3%, surpassing $2400.
According to Coinglassover the past 24 hours, the volume of liquidations reached $109.5 million. The majority ($87 million) was short positions.
TON gained 6.2% and returned to the top ten largest crypto assets. DOGE grew by 6.4%.
Bitcoin’s positive momentum has coincided with gains in the stock market, with the S&P 500 up 0.47% since the opening bell.
Economist Steve Hanke has allowed for “news selling” after the US Federal Reserve meeting, saying the potential 25bp rate cut has already been priced in by the market.
Standard Chartered has concluded that Bitcoin is capable of breaking its record by the end of the year, regardless of the outcome of the US presidential election.
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Source: Cryptocurrency
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