Bitcoin price rose above $71,000

On the night of May 21, 2024, the Bitcoin rate jumped above $71,000; the price of the asset increased by 6.1% per day. At the time of writing, the first cryptocurrency is trying to gain a foothold at $71,200:

However, the indicator of Bitcoin dominance in the crypto market did not show growth. During the day it fell by more than 1% and reached 55.23%:

Also, all cryptocurrencies from the top 10 in terms of capitalization (with the exception of stablecoins) moved into the green zone, according to CryptoRank. The largest increase per day was shown by Lido Staked Ether (stETH) – 16.7%:

The volume of liquidations on futures contracts in the crypto-asset market increased to more than $340 million. About $262 million of losses were accounted for by short positions, $78 million by long positions, according to CoinGlass.

The fear and greed index reached 76 points. Over the past 24 hours, the indicator has increased by 6 points, over the week – by 12:

Source: Cryptocurrency

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