Bitcoin Tops $67K, Nearing Silver's $1.38T Market Cap

Bitget2024/03/05 05:09

By:Bitget

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Bitcoin (BTC) continued to knock off $1,000 milestones Monday, surging past $67,000 and nearing not just its own record high of $69,000, but the nearly $1.4 trillion market capitalization of silver.

Bitcoin Tops $67K, Nearing Silver's $1.38T Market Cap image 0

The largest and oldest crypto asset broke out from its week-long sideways consolidation capped below the $64,000 level, hitting $67,500 during the U.S. trading session, up 7% over the past 24 hours.

With this year's meteoric rise, BTC is rapidly becoming one of the largest global assets, and at current levels has surpassed the $1.3 trillion market capitalization threshold. It is now closing in on silver's market cap of $1.4 trillion, according to data compiled by CompaniesMarketCap after earlier in this bull run toppling that of Facebook parent company Meta Platforms (META).

Source: CoinDesk

Futures Market Updates

Over $105 million in BTC Short positions got liquidated in the last 24H.

Bitcoin Futures Updates

Total BTC Open Interest: $32.20B (+12.25%)

BTC Volume (24H): $130.07B (+96.30%)

BTC Liquidations (24H): $27.64M (Long)/$105.12M (Short)

Long/Short Ratio: 50.91%/49.09%

Funding Rate: 0.0829%

Ether Futures Updates

Total ETH Open Interest: $12.00B (+3.51%)

ETH Volume (24H): $44.96B (+54.18%)

ETH Liquidations (24H): $13.91M (Long)/$37.49M (Short)

Long/Short Ratio: 51.45%/48.55%

Funding Rate: 0.0488%

Top 3 OI Surges

1000XEC: $22.23M (+224.89%)

KISHU: $2.68M (+159.41%)

1000BTT: $4.65M (+152.67%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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