Bitcoin Rises above $29,000, Hits a New High since June 2022

Bitcoin Rises above $29,000, Hits a New High since June 2022

The bitcoin rate rose above $29,000. On the morning of March 30, the price of BTC exceeded this mark, updating the maximum since June 10, 2022. The asset rate rose from $28.3 thousand to $29.12 thousand within half an hour, after which it dropped back to $28.3 thousand in 40 minutes.

According to CoinGecko, at the moment of publication the market share of BTC is 44.9%. The total capitalization of cryptocurrencies increased by 2.1% over the day with a daily trading volume of $69.4 thousand.

The leading altcoins did not rise in price as much as the first cryptocurrency. The price of Ethereum (ETH) rose by 0.5% to $1.79 thousand, the value of BNB (BNB) rose by 0.1% to $313, Polygon (MATIC) — by 0.6% to $1.12. Cardano (ADA) rose 0.5% to $0.378 while Ripple (XRP) fell 1.3% to $0.534.

Against the backdrop of a sharp jump in cryptocurrency rates during the day, 44 thousand positions of traders were liquidated on crypto exchanges for a total of $151 million. According to Coinglass, 52% of them were short, 48% were long. Orders with bitcoin accounted for $67.8 million, with Ethereum – $26.3 million. The largest forced closing of a position occurred on the Bybit exchange in the BTC/USD pair – for $2.33 million.

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