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The Bitcoin Rate For The First Time In History Overcame The Level

The bitcoin rate for the first time in history overcame the level of $ 62,000 this Tuesday. The previous maximum in the market for the first cryptocurrency was set exactly one month ago. Since then, the price has managed to correct up to $ 50,000 and rise again. On April 10, Bitcoin approached all-time highs, but spent several days in consolidation below a key level.

The resumption of growth is taking place against the background of increased activity of traders.

 

“We have just recorded another maximum in terms of traffic volumes. The systems still hold up. We are monitoring. Let’s see if Bitcoin does the same. Not a financial recommendation, “wrote the CEO of the Binance cryptocurrency exchange Changpeng Zhao shortly before.

 

 

 

“This is the day that Bitcoin seems to be ready to renew its all-time high,” analyst Michael van de Poppe also noted.

 

Stablecoin issuer Tether today announced that its token has reached $ 45 billion in circulating volume. At the beginning of the year, the value was $ 20 billion, which USDT reached over its six-year history.

The volume of liquidations in the cryptocurrency market over the past 24 hours amounted to $ 1 billion. It is noteworthy that on Binance, which is the leader in user activity, 70% of liquidated positions were long. These traders bet on the rise in the rate, but did not wait for it, as they were knocked out earlier.

Along with bitcoin, ether (ETH) also updated historical highs. Its rate reached $ 2,205. Binance Coin (BNB), which overshadowed other large assets of the cryptocurrency market in the previous period, is correcting today – from yesterday’s maximum of $ 610, its price fell by more than 11%.

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