The value of bitcoin (BTC) elevated by 1.9% over the previous day, peaking at an intraday excessive of $69,404 round 9 a.m. EDT on Saturday. Over the past week, BTC has climbed by 3.1% and has risen 16.8% over the previous two weeks.
Bitcoin’s Upward Momentum: Key Stats and Market Affect
Bitcoin is gaining momentum forward of former U.S. President Donald Trump’s tackle on the Bitcoin 2024 convention, which begins at 2 p.m. EDT on Saturday. Bitcoin has proven constructive positive factors over the previous 24 hours, week, two weeks, and 30 days. Over the previous month, BTC has appreciated by 11.1% towards the U.S. greenback, with a good portion of this enhance occurring within the final 48 hours.
At 9 a.m. on Saturday, July 27, BTC hit an intraday peak of $69,404 per unit, following a day by day low of $67,316. Since July 26, BTC has risen from $66,886 to $68,642 per unit as of 11:50 a.m. EDT on Saturday. This day by day enhance has led to $27.13 million in BTC quick positions being liquidated, accounting for greater than half of the $54.41 million in whole quick liquidations throughout your complete crypto trade.
Whereas BTC is buying and selling at $68,642 per coin, its worth in South Korean received on Upbit is roughly $69,289 per unit. Tether is essentially the most traded asset with BTC, representing over 45% of all transactions, adopted by FDUSD with 19.56%. The U.S. greenback is the third hottest buying and selling pair at 16%, with USDC at 13.34% this weekend. The Korean received accounts for 3% of all BTC trades, whereas the euro (EUR) contains about 1.13% of bitcoin settlements this weekend.